for altering the purposes to which such endowments are applied or applicable and the conditions and provisions regarding such application;

for the application of the capital or income of such endowments to such educational purposes, mental oor physical, moral or social, as the F2education authority think fit having regard to the public interest and to existing conditions, social and educational: Provided always that the capital of any such endowment shall not be expended except on a purpose to which capital may properly be devoted;

for grouping, amalgamating, combining or dividing any such endowments;

for altering the constitution of the governing body of any such endowment, or uniting two or more existing governing bodies or establishing new governing bodies with such powers as shall seem necessary, and for incorporating any governing body, whether old or new, and for dissolving any governing body whose endowment is transferred to another governing body; and

for altering the powers as to the investment of the funds of any such endowment.

to the interest of the locality to which the endowment belongs;

to the possibility of effecting economy in administration by the grouping, amalgamation or combination of any two or more endowments; and

to the need for continuing the provision from endowments of competitive bursaries at universities, central institutions, colleges of education or other educational institutions of a similar character.

to a university endowment, or

to the Carnegie Trust, or

to a theological endowment, or

to a new endowment; F5, or

to an endowment which relates in whole or in part to an educational establishment not managed by the education authority who would, but for this paragraph, be empowered under this section to exercise in relation to that endowment the functions conferred by this section, or

to an educational endowment having no limitation either as to the area in which any educational establishment to which it relates is situated or as to the area in which any of its beneficiaries are required under its governing instrument to reside or with which they are so required to have some other connection.

the governing body of any endowment to which subsection (4) above applies or, in the case of the Carnegie Trust, the Trustees;

in relation to an endowment to which paragraph (e) of that subsection applies and which relates only in part to an educational establishment not managed by the education authority referred to in that paragraph, the education authority, in respect of the part of the endowment in relation to which they would, but for the said paragraph (e), be empowered under this section to exercise the functions conferred by this section,

where the petition was presented by any body referred to in paragraph (a) of the said subsection (4A), cause the petition to be served on the education authority;

where the petition was presented by an education authority under paragraph (b) of the said subsection (4A), cause the petition to be served on the governing body of the endowment to which the petition relates.

to a certificated teacher shall be construed as a reference to a teacher registered under the M2Teaching Council (Scotland) Act 1965;

to a children’s committee shall be construed as a reference to a social work committee established under section 2(1) of the M3Social Work (Scotland) Act 1968;

to the Scottish Counties of Cities Association or to the Association of County Councils in Scotland shall be construed as a reference to the Convention of Scottish Local Authorities.