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SCHOLARSHIP.
10. A Scholarship shall be granted to the person selected by the Trustees for one year only in the first instance, but such Scholarship shall be renewable yearly at the discretion of the Trustees.
11. In the event of there being more than one can- didate qualified to receive the benefits of this endow- ment the election shall be by ballot :-
(1) Each Lodge or Chapter represented shall be entitled to vote in the proportion of one vote for every $50 contributed; such votes shall be vested in the Trustee appointed by the Lodge or Chapter.
(2) Any member of a Lodge or Chapter in the District shall be entitled to one vote for life for every $10 personally contributed; such votes may be recorded by proxy given to one of the Trustees.
(3) Contributing members of Lodges or Chapters in the District may during their_lifetime transfer their vote or votes to any Lodge in the District and such Lodge may group the votes so transferred and will be entitled to vote as if such transferred individual vote or votes were acquired by an original Lodge Contribution in the proportion of one vote for every five votes transferred, i.e., every $50 contributed.
(4) All proxies shall be registered with the Hono- rary Treasurer not less than Fourteen clear days before the date of the ballot.
MEETINGS.
12. The Annual Meeting of the Trustees shall be held not later than the month of May in every year when the report of the Trustees and the audited state- ment of accounts made up to the 31st December of the previous year shall be presented and any business of the previous year discussed, after which the accounts and report being passed, all Trustees (except Trustees for life) shall retire (unless re-elected) and the new Trustees elected in accordance with by-law four shall take their places and proceed with the election of the officers for the ensuing year and discuss any business having reference to the Corporation which
may be brought before the Meeting. Emergency Meetings may be called at any time by the President or in his absence by the Vice-President, or in the absence of both by the Senior Past Master.
QUORUM,
13. At all meetings three Trustees shall form a quorum.
Objects and Reasons.
1. On the retirement of the late Sir C. P. Chater Kt. C.M.G. from the office of District Grand Master of Hong Kong and South China an office he had held for more than 30 years various Masonic Lodges and Chapters in the District contributed funds for the foundation of a Scholarship at the University of Hong Kong to be awarded to the fatherless children of Masons. This fund known as the Chater Masonic Scholarship Fund was administered by a Board of Trustees.