( 8 )
35.
The trustees or other legal representatives of the
school must state by a declaration of trust to be registered
in the Land Office :
(a)
purposes.
That the premises ..ill be used solely for educational
(b) That the school will be managed in accord:nce with
the Grant Code in force for the time being.
(c)
That If they shoul: hereaftor douira to release
themselves from the foregoing obligations, they will repay the
whole amount of grant, less allowance for depreciation at a
rate not lower than 15 and act exceeding 34 per annug, subject
to the approvel of the Director of Education after consultation
with the Director of rublic works and tne Financial tecretary,
36. The building grant is payable on presentation of
a certificate (with balance sheet annexed) by the trustees or
other legal representatives of the school, setting forth that
the building and convenants are completed and that the money
in hund will, when added to the grant, meet all claims and
finally close the account.
$ 37. A grans not exceeding one-half of the actual cost
may be made in aid of equipment of a permanent or semi-permanent
nature which in the opinion of the Director of Education is
necessary for my course of instruction approved by him.
Part IV. Attendance Curriculum otc.
(to be drawn up later)
121