The Mate Nola Scholarship

To assist a pupil from Chanel College Masterton (or any successor to such College) by way of a scholarship to attend his/her first year at a New Zealand University. At the discretion of the trustees, at any time to pay or transfer the capital investment for the time being representing the same to the Roman Catholic Archbishop of the Archdiocese of Wellington or the Board of Governors or other the body for the time being administering the said college upon the same trust as herein provided