CAP. 1085]
Education Scholarships Fund
[1973 Ed.
Originally 67 of 1955.
8 of 1956. 19 of 1960. 13 of 1966. 63 of 1973.
14/6/77- 1964 1988.
Short title.
Interpretation.
G.N. 157/56.
Establishment
and vesting of fund.
CHAPTER 1085
EDUCATION SCHOLARSHIPS FUND
To make provision for the establishment of a trust fund to be known as the Education Scholarships Fund and for the due administration thereof and for purposes connected with the matters aforesaid.
[23rd December, 1955.]
1. This Ordinance may be cited as the Education Scholarships Fund Ordinance.
2. In this Ordinance, unless the context otherwise requires-
"committee" means the Education Scholarships Fund Committee established by section 5;
"Director" means the Director of Education;
"fund" means the Education Scholarships Fund established by section 3;
"general capital" means the moneys and assets mentioned in section 3(2)(a) and any moneys or assets forming part thereof under section 14(2)(a); (Added, 63 of 1973, s. 2)
"General Reserve Fund" means the reserve fund in respect of the scholarships referred to in Parts I and II of the Register; (Added, 63 of 1973, s. 2)
"original value" means the value of a scholarship on the first day it is administered by the Trustee; (Added, 63 of 1973, s. 2)
"Register" means the register of scholarships referred to in section 8; (Added, 63 of 1973, s. 2)
"separate capital" means the moneys and assets of a scholarship referred to in Part III of the Register; (Added, 63 of 1973, s. 2)
"Separate Reserve Fund" means the reserve fund formed in respect of a scholarship referred to in Part III of the Register; (Added, 63 of 1973, s. 2)
"Trustee" means the Director of Education as trustee of the fund.
"vesting day" means the 1st day of April, 1956.
3. (1) There is hereby established a trust fund to be known as the Education Scholarships Fund which is vested in the Director as Trustee.
(2) The fund consists of-
(a) the moneys and assets, including any sum accumulated by way of interest therefrom at the vesting day, the income from which is available for payment of the scholarships referred to in Parts I and II of the Register; (Replaced, 63 of 1973, s. 3)
2
CAP. 1085]
Education Scholarships Fund
[1973 Ed.
Originally 67 of 1955.
8 of 1956. 19 of 1960. 13 of 1966. 63 of 1973.
14/6/77- 1964 1988.
Short title.
Interpretation.
G.N. 157/56.
Establishment
and vesting of fund.
CHAPTER 1085
EDUCATION SCHOLARSHIPS FUND
To make provision for the establishment of a trust fund to be known as the Education Scholarships Fund and for the due administration thereof and for purposes connected with the matters aforesaid.
[23rd December, 1955.]
1. This Ordinance may be cited as the Education Scholarships Fund Ordinance.
2. In this Ordinance, unless the context otherwise requires- "committee" means the Education Scholarships Fund Committee
established by section 5;
"Director" means the Director of Education;
"fund" means the Education Scholarships Fund established by
section 3;
"general capital" means the moneys and assets mentioned in section 3(2)(a) and any moneys or assets forming part thereof under section 14(2)(a); (Added, 63 of 1973, s. 2)
"General Reserve Fund" means the reserve fund in respect of the scholarships referred to in Parts I and II of the Register; (Added, 63 of 1973, s. 2)
“original value" means the value of a scholarship on the first day it is administered by the Trustee; (Added, 63 of 1973, s. 2) "Register" means the register of scholarships referred to in scetion
8; (Added, 63 of 1973, s. 2)
'separate capital" means the moneys and assets of a scholarship referred to in Part III of the Register; (Added, 63 of 1973, s. 2) "Separate Reserve Fund” means the reserve fund formed in respect of a scholarship referred to in Part III of the Register; (Added, 63 of 1973, s. 2)
"Trustee" means the Director of Education as trustee of the fund. "vesting day" means the 1st day of April, 1956.
3. (1) There is hereby established a trust fund to be known as the Education Scholarships Fund which is vested in the Director as Trustee.
(2) The fund consists of-
(a) the moneys and assets, including any sum accumulated by way of interest therefrom at the vesting day, the income from which is available for payment of the scholarships referred to in Parts I and II of the Register; (Replac- ed, 63 of 1973, s. 3)
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