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SCHEDULES

SCHEDULE 7S The Research Trust

S

[F1Powers etc.

Textual Amendments

3GSThe Research Trust may do anything which appears to them to be necessary or expedient for the purpose of, or in connection with, the exercise of their functions.

Textual Amendments

4SF2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5SThe Research Trust shall have, in relation to their funds, the like powers as trustees have in relation to their trust estate under subsection (1) of section 4 of the M1Trusts (Scotland) Act 1921.

Textual Amendments

Marginal Citations

6SWhere the Research Trust borrow money or draw upon capital to meet expenditure of a capital nature, they shall set aside annually a sum sufficient to repay such loan or draft within a period which F3. . . shall not exceed 30 years; but this paragraph shall not apply in the case of a draft on capital to the extent only of surplus income added to capital.

7SF4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]