The Pearson-Young Memorial Trust

THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME AND ALL OR SUCH PART OF THE CAPITAL AT SUCH TIMES OR TIMES AND IN SUCH MANNER TO OR FOR THE BENEFIT OF THE FOLLOWING EXCLUSIVELY CHARITABLE OBJECTS AND PURPOSES FOR THE ADVANCEMENT OF EDUCATION TO FUND SCIENCE STUDENTS (OR STUDENTS IN AN ALLIED DISCIPLINE) NOMINATED BY RHODES UNIVERSITY, GRAHAMSTOWN, SOUTH AFRICA (WHETHER FROM THAT UNIVERSITY.OR ELSEWHERE) FOR ONE YEAR OF STUDY OR RESEARCH AT THE UNIVERSITY OF GLASGOW SCHOOL OF CANCER STUDIES SCOTLAND OR SUCH OTHER SIMILAR EDUCATIONAL OR RESEARCH INSTITUTION IN THE UNITED KINGDOM AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION DETERMINE AT SUCH INTERVALS AND IN SUCH NUMBERS AS THE TRUSTEES MAY DETERMINE FROM TIME TO TIME OR, IN THE ALTERNATIVE TO FUND STUDENTS AT RHODES UNIVERSITY FOR SIMILAR STUDIES