in words paid equivalent

of which

security already given by the Bishop. As the islands are now the Justices

can withdraw the school

much, satisfaction,

from former much

But on the other hand

are only bound to conduct the school in accordance with existing, & not future regulations. If however

future regulations were made to which the

Trustees might object they would have to conform

them in order to obtain the annual Grant-in-Aid, it may possibly be this contingency which the Bishop has

had in view, since if he had to forego the annual grant he might be glad to pay back

The $5000 &

regain perfect freedom from state control. Rough presumption that the

25

Trustees would still be bound

to maintain the school

as

an Educational establishment,

& might not use part of the proceeds to

build a new school with part of the proceeds, or apply other purposes.

not sell it

• Refuse to insert the proposed clause which would be going beyond the regulations

regulations but

adopt

Mr. & Muller's view

pointing

out that the acceptance of the building grant only

binds them

to

Trustees to conform to existing regulations : & grant the $5000.

and. 2

21/9

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