of money at a proper bank, the custody of documents, and the
appointment during their pleasure of a Clerk or of any necessary
officers at such a rate of remuneration as may be approved by the Board
of Education.

MANAGEMENT OF PROPERTY.

8. The Governors shall manage the property of the Foundation not
occupied for the purposes thereof according to the general law
applicable to the management of property by Trustees of charitable
foundations.

_Repairs and Insurance._

9. The Governors shall keep in repair and insure against fire all the
buildings of the Foundation not required to be kept in repair and
insured by the lessees or tenants thereof.

_Allotments Extension Act, 1882._

10. The Governors may set apart and let in allotments under the
Allotments Extension Act, 1882, any portions of the land belonging to
the Foundation other than buildings and appurtenances of buildings.

_Letting of Property._

11. The Governors shall give public notice of the intention to let any
property in such manner as they shall consider most effectual for
insuring full publicity. The Governors shall not create any tenancy in
reversion, or for more than 21 years certain, or for less than the
improved annual value at rackrent, without the sanction of the Board of
Education or a competent Court.

_Leases._

12. The Governors shall provide that on the grant by them of any lease
the lessee shall execute a counterpart; and every lease shall contain a
covenant on the part of the lessee for the payment of rent, and all
other usual and proper covenants applicable to the property comprised
therein, and a proviso for re-entry on non-payment of the rent, or
non-performance of the covenants.

_Timber and Minerals.--Surplus Cash._

13. Any money arising from the sale of timber, or from any mines or
minerals on the estates of the Foundation; and

Any sum of cash now or at any time belonging to the Foundation and not
needed as a balance for working purposes;

shall (unless otherwise ordered by the Board of Education) be treated as
capital and be invested in the name of the Official Trustees of
Charitable Funds.

COPIES OF SCHEME.

14. The Governors shall cause a copy of the Scheme to be given to every
Governor, Head Master, and other Teacher, upon entry into office, and
copies may be sold at a reasonable price to all persons applying for the
same.

SCHEDULE.

PARTICULARS OF PROPERTY OF THE FOUNDATION.

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