A E H Salvesen's 1985 Charitable Trust

The Trust Fund shall be held by the Trustees in trust for the following purposes:- ... (THIRD) For such purposes as the law shall, from time to time regard as charitable within the meaning of Section 360 of the Income and Corporation Taxes Act 1970 or any Act amending or replacing the same, the Trustees being hereby directed to distribute the Trust fund at such time or times and in such amounts as they may determine in their sole discretion for such charitable purposes only, with power to the Trustees in their discretion to accumulate the Trust income in whole or in part, for a period of Twenty One years from the date hereof: