The Library and Museum Charitable Trust of the United Grand Lodge

THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST [1]. WITHOUT PREJUDICE TO THE BELOW MENTIONED SUB-CLAUSE 3.2 TO PROVIDE MAINTAIN MANAGE UPKEEP AND IMPROVE A MUSEUM AND LIBRARY FOR THE EDUCATION AND BENEFIT OF THE GENERAL AND TO COLLECT MAINTAIN PRESERVE CONSERVE DISPLAY AND MAKE AVAILABLE TO THE GENERAL PUBLIC FOR RESEARCH AND EDUCATION THE ARCHIVES RECORDS PRINTED MATERIAL REGALIA JEWELS AND ARTEFACTS FREEMASONRY. [2]. TO APPLY THE INCOME AND ALL OR SUCH PART OR PARTS OF THE CAPITAL OF THE TRUST FUND FOR OR TOWARDS SUCH CHARITABLE PURPOSES AND TO MAKE DONATIONS TO SUCH CHARITABLE INSTITUTION OR INSTITUTIONS AT SUCH TIME OR TIMES AND IN SUCH MANNER AS THE COUNCIL MAY IN THEIR ABSOLUTE DISCRETION THINK FIT BUT SUBJECT TO SUCH APPROVALS OR OR CONSENTS AS MAY FOR THE TIME BEING BE PRESCRIBED BY LAW OR IN THE REGULATIONS HEREINAFTER REFERRED TO PROVIDED THAT THE TRUSTEES MAY AT THEIR ABSOLUTE DISCRETION FOR THE PERIOD OF TWENTY-ONE YEARS FROM THE DATE OF THIS DEED INSTEAD OF APPLYING THE INCOME OF THE CHARITY IN ANY YEAR ACCUMULATE ALL OR ANY PART OF SUCH INCOME AT COMPOUND INTREST BY INVESTING THE SAME AND THE RESULTING INCOME IN ANY OF THE AUTHORISED INVESTMENTS AND HOLD THE SAME AS AN ACCRETION TO AND AS PART OF THE CAPITAL OF THE CHARITY WITHOUT PREJUDICE TO THEIR RIGHT TO APPLY THE WHOLE OR ANY PART OF SUCH ACCUMULATED INCOME IN ANY SUBSEQUENT YEAR AS IF THE SAME WERE INCOME OF THE CHARITY ARISING IN THE THEN CURRENT YEAR.