CO129-591-3 Education Department- revised grant code 24-10-1945 - 11-12-1945 — Page 117

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Part II.

Capital Subsidies.

135

§ 25.

A subsidy not exceeding one-half of the actual cost

may be made towards the building of a new school or for extension or structural repairs to an existing school.

§ 26. The site, plans, estimates, specifications, title

and trust deed shall be previously approved by Government.

§ 27.

The trustees or other legal representatives of the

school must state by a declaration of trust to be registered

in the Land. Office :

(a) That the premises will be used solely for educational

purposes.

(b) That the school will be managed in accordance with the subsidy code in force for the time being.

(c) That if they should hereafter desire to release

thomselves from the foregoing obligations, they will

repay the whole amount of subsidy.

(a) That if required by the Director of Education they will execute a legal mortgage of the school premises to secure the repayment referred to in paragraph (c) of this

clause.

§ 28. The building subsidy 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 covenants are completed and that the money

in hand will, when added to the subsidy, meet all claims and

finally close the account.

§ 29.

A subsidy not exceeding one-half of the actual cost

may be made in aid of furniture or equipment of a permanent

or semi-permanent nature which in the opinion of the Director

of Education is necessary for any course of instruction approved

by him.