CO129-586-3 Grant of subsidies to vernacular schools 4-6-1940 - 7-8-1941 — Page 41

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§ 35.

The trustees or other legal representatives of the

school must state by a doclaration of trust to bo rogistored

in the Land Office:

(a)

purposes.

That the promises will be used solely for educational

(b) That the school will be managed in accordance with

the Grant Code in force for the time being.

(c) That if thoy should horoafter desire to reloase

themselves from the foregoing obligations, they will repay the

whole amount of grant, loss allowance for dopreciation at a

rato not lower than 1% and not exccoding 3% per annum, subject

to the approval of the Director of Education after consultation

with the Director of Public Works and the Financial Secretary.

§ 36.

The building grant is payable on presentation of

a cortificato (with balance shoot annoxod) by the trustees or

other legal representativos of the school, setting forth that

the building and covenants are completed and that the money

in hand will, whon added to the grant, moot all claims and

finally close the account.

§ 37.

A grant not exceeding one-half of the actual cost

may be made in aid of equipment of a pormanont or somi-permanent

nature which in the opinion of the Director of Education is

necessary for any course of instruction approved by him.

Part IV. Attendance, Curriculum etc.

(to be drawn up later)

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