James M Mcnab TrustRegistered

The Trustees shall hold all sums of money, investments or other assets of whatsoever nature which may at any time be paid or made over to them as Trustees, all of which from time to time shall be hereinafter referred to as 'the Trust Fund' and that in trust for the following purposes:- (FIRST) to pay or apply the whole of the income and/or the capital of the Trust Fund for such charitable purposes as the Trustees shall from time to time determine in their absolute discretion, any income not being paid or applied in the year it arises being accumulated with the capital of the Trust Fund. it being declared that in these presents 'charitable purposes' means purposes which the law regards as charitable.