may be necessary in order to vest in the Official
Trustee of Charity Lands and to transfer to the Official Trustees of
Charitable Funds respectively, all freehold and leasehold lands and
hereditaments and all stocks, shares, funds, and securities
respectively, which may hereafter become the property of the Foundation.

THE SCHOOL.

_Day and Boarding School for Boys._

17. The School of the Foundation shall be a day and boarding School, for
boys, and shall be maintained in or near the Ancient Parish of
Giggleswick in the present school buildings or in other suitable
buildings provided for the purpose by the Governors as a Public
Secondary School.

_Income of Foundation._

18. All moneys received as income exclusively in respect of the School,
whether from the fees of pupils or otherwise, shall be applicable wholly
for the purposes of the School. After payment of the expenses of
administration, the Governors shall apply the income arising from the
property specified in the Schedule to this Scheme as follows:--

(1) They shall pay thereout the yearly sum of 100_l._ to the Governing
Body of the Girls' Middle School at Skipton, to be applied by that
Governing Body for the general purposes of that School, in accordance
with the provisions of the above-mentioned Scheme of 3 April 1886, as
since amended and altered;

(2) They shall provide thereout the yearly sum of 90_l._ to be applied
as herein-after directed;

(3) They shall apply the income of the property representing the
endowment of the Foundation of Josias Shute, in the maintenance of Shute
Scholarships as hereinafter provided;

(4) They shall apply the income of the various prize funds in providing
prizes for boys in the School of the Foundation as heretofore; and

(5) They shall apply the residue for the general purposes of the School
of the Foundation.

_Rates, &c. on School._

19. All payments for rates, taxes, repairs, and insurance of or in
respect of any property occupied for the purposes of the School shall,
so far as not otherwise provided for, be made out of the income of the
Foundation applicable to the purposes of the School.

STAFF.

_Head Master and Assistants._

20. There shall be a Head Master of the School, and such number of
Assistant Masters as the Governors think fit.

_Employment of Staff._

21. Every Master in the School shall be employed under a contract of
service with the Governors which shall, in the case of appointments