The Charities (John Lyon Road Trust) Order 1991

GENERAL PROVISIONS

Holding of investments.

17.—(1) Without prejudice to any other ofits powers, the Trustee may if it thinks fit appoint any corporation orcorporations as nominees of the Trustee to hold the whole or such partas the Trustee may determine of any investments for the time beingbelonging to the Charity.

(2) The Official Custodian for Charities shall, upon being directed todo so by the Trustee, transfer all investments and cash held by him intrust for the Charity into the name of such nominee appointed asaforesaid and thereupon the said Official Custodian shall be dischargedfrom his trusteeship as respects the said investments and cash.

Employment and remuneration of Clerk and other officers and servants.

18.—(1) The Trustee may employ a Clerk and such other officers and servantsas it thinks necessary or expedient for the proper administration andmanagement of the Charity and its property upon such reasonable terms asto remuneration and notice (within the limits permitted by law) andotherwise as the Trustee thinks fit.

(2) The Trustee may pay reasonable remuneration to the InvestmentAdviser for services rendered to the Charity under the provisions ofthis Scheme and to any corporation as nominee of the Trustee underclause 17(1) above.

(3) Any costs, charges or expenses incurred under the precedingprovisions of this clause shall be defrayed out of the income of theCharity in accordance with clause 3 above.

(4) Notwithstanding the preceding provisions of this clause, no personbeing a member of the Trustee shall receive any remuneration or otherbenefit at the cost of the Charity.

Questions of construction.

19.  Any question as to the construction of this Scheme or as to the regularity or the validity of any acts done or about to be done under this Scheme may be referred to the Charity Commissioners for their opinion or advice.