The Louis DE WET Foundation

3.1 THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME AND ALL OR SUCH PART OR PARTS OF THE CAPITAL FOR THE PUBLIC BENEFIT AT SUCH TIME OR TIMES AND IN SUCH MANNER AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT FOR OR TOWARDS: (A) THE PRESERVATION, PROTECTION AND IMPROVEMENT OF WENLOCK ABBEY INCLUDING ITS ANCILLARY BUILDINGS AND GARDENS; (B) THE PRESERVATION, PROTECTION AND IMPROVEMENT OF ALL FURNITURE, PICTURES, HISTORIC RECORDS, BOOKS, MANUSCRIPTS, SCULPTURES, MUNIMENTS, PORCELAIN, SILVER AND GOLD, OBJECTS DÆART AND OTHER CHATTELS OR ITEMS OF HISTORIC, ARTISTIC OR SCIENTIFIC INTEREST ASSOCIATED WITH OR DISPLAYED IN WENLOCK ABBEY;(C) THE ENCOURAGEMENT OF THE PROVISION OF ACCESS TO AND THE STUDY OF WENLOCK ABBEY AND ITS PRESERVATION AND ENHANCEMENT BY THE ARTIST LOUIS DE WET TOGETHER WITH ALL ITS ANCILLARY BUILDINGS AND GARDENS, FURNITURE, PICTURES AND OTHER CHATTELS OR ITEMS, BY MEMBERS OF THE GENERAL PUBLIC; AND (D) THE EDUCATION OF THE GENERAL PUBLIC AND IN PARTICULAR, BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING:-(I) THE INCREASE IN THEIR KNOWLEDGE, UNDERSTANDING AND APPRECIATION OF ANY MATTERS OF HISTORIC, ARTISTIC, ARCHITECTURAL, AESTHETIC OR SCIENTIFIC INTEREST; AND(II)THE PROMOTION OF THE STUDY OF HORTICULTURE AND ECOLOGY. 3.2 NOTWITHSTANDING THE PROVISIONS OF SUB-CLAUSE 3.1 THE TRUSTEES MAY IN THEIR DISCRETION, FOR THE PERIOD OF 21 YEARS FROM THE DATE OF THIS DEED, INSTEAD OF APPLYING THE INCOME OF THE TRUST FUND IN ANY YEAR, ACCUMULATE ALL OR ANY PART OF SUCH INCOME BY INVESTING THE SAME, AND THE RESULTING INCOME, IN ANY INVESTMENTS AUTHORISED BY THIS DEED OR BY LAW AS AN ACCRETION TO AND AS PART OF THE CAPITAL OF THE TRUST FUND, 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 TRUST FUND ARISING IN THE THEN CURRENT YEAR