of the School may, if
funds permit, be applied in providing total or partial exemptions from
payment of tuition fees for boys who are and have for not less than
three years been resident in the Ancient Parish of Giggleswick; and

(_b_) that the income of the property representing the endowment of
Josias Shute shall be applied in providing total exemptions from payment
of tuition fees and the cost of books and stationery, to be called Shute
Scholarships, and to be offered in the first instance to boys who are
and have for not less than two years been in attendance at a Public
Elementary School in the Ancient Parish of Giggleswick;

and may also provide--

(_c_) that any boys who are exempted from payment of tuition fees under
the provisions of sub-clauses (2) (_a_) and (2) (_b_) of this clause,
and who by reason of their proficiency are deserving of the distinction,
shall be called Giggleswick Scholars and Shute Scholars respectively,
and that any other boys who are exempted from payment of tuition fees,
and are likewise worthy of the distinction, shall be called Foundation
Scholars.

_Maintenance Allowances._

46. The Governors may award to such of the Giggleswick Scholars or
Foundation Scholars as in the opinion of the Governors are in need of
financial assistance to enable them to enter or remain in the School,
Maintenance Allowances each of a yearly value of not more than 5_l._ Any
such Allowance may, at the discretion of the Governors, be paid to the
parent or guardian of the boy, or may be applied by them towards
payments (other than tuition or entrance fees under the Rules for
Payments or in providing the boy with travelling facilities or meals).

_Boys' Moiety of Yearly Sum of 90l._

47. The Governors shall apply one moiety of the above-mentioned yearly
sum of 90_l._, in one or both of the following ways:--

(1) in providing additional Shute Scholarships,

(2) in awarding maintenance allowances each of a yearly value of not
more than 10_l._ to Shute Scholars.

Any unapplied residue of the said moiety shall be applied by the
Governors in augmenting the value of the Giggleswick and other
Exhibitions herein-after mentioned.

_Boarding Scholarships._

48. The Governors may, if funds permit, apply a yearly sum of not more
than 150_l._ out of the income of the Foundation applicable for the
purposes of the School in the maintenance of Boarding Scholarships, each
consisting of exemption, total or partial,