Taranaki Maori Educational Trust

The functions of Board shall be to administer its assets in accordance with the provisions of this Act for the general benefit of its beneficiaries, and, for that purpose, a Board may, in its discretion, provide money for the benefit or advancement in life of any specific beneficiary, or of any class or classes of beneficiaries. The Board may apply money towards the promotion of health, the promotion of social and economic welfare and the promotion of education and vocational training.