Torrens Memorial Scholarship FundRegistered

The Bank shall hold the said Fund for the application of the Income thereof in perpetuity for the promotion and encouragement of education at the college [the Assembly’s College of The Presbyterian Church in Ireland, now the Union Theological College of Northern Ireland] in manner hereinafter appearing. The income of the said Fund shall be applied in establishing and maintaining scholarships to be called the "Torrens Memorial Scholarships" to be from time to time awarded to a candidate or candidates for ministerial training each outstanding in his Christian life possessed of friendly personality and excellent speaking voice and a firm zeal for evangelism to be selected by the Faculty Committee of the said Assembly's College. The advancement of religion