THE TRUSTS OF THE SOCIETY 191 



of the Royal Society shall determine the said Trust Fund together with all 

 accumulations (if any) shall be paid over to the person who shall for the 

 time being be de facto the Treasurer of the Corporation for Middle Class 

 Education in the metropolis and the suburbs thereof incorporated by Royal 

 Charter bearing date the twelfth day of June One thousand eight hundred 

 and sixty-six to the intent that the same may be applied for the use and 

 benefit of such Corporation in such manner as it may think fit and as a part 

 of its general funds and the receipt of such Treasurer as aforesaid shall be 

 a sufficient discharge to the person or persons paying over the said Trust 

 Fund in manner aforesaid. 



PROVIDED ALWAYS AND IT is HEREBY FURTHER AGREED AND DECLARED that if 

 at the date of the failure in manner aforesaid of the trusts hereby created in 

 favour of the said Royal Society the said Corporation for Middle Class Educa- 

 tion in the metropolis and the suburbs thereof shall have ceased to exist as 

 a Corporation then and in such case the said Royal Society shall direct such 

 a disposition of the said Trust Fund and any accumulations thereof in favour 

 of some other charitable object or objects as to the said Royal Society shall at 

 their absolute discretion seem fit. 



PROVIDED ALWAYS AND IT is HEREBY FURTHER AGREED AND DECLARED that in 

 the event of the said Kew Observatory or any such substituted observatory as 

 aforesaid being discontinued as aforesaid it shall be lawful for the said Royal 

 Society to apply the whole or any parb of the annual produce of the said 

 Trust Fund and any such accumulations as aforesaid and the annual produce 

 of such accumulations arising during any period not exceeding thirty-six 

 calendar months then next following such discontinuance and also (with the 

 consent of the said John Peter Gassiot during his life and after his decease at 

 the discretion of the said Royal Society) any part not exceeding one equal 

 fourth part of the principal money arising from or representing the said 

 original Trust Fund in and towards obtaining a site for a new observatory 

 and building completing or furnishing such new observatory as to the said 

 Royal Society shall seem fit and that any and every such new observatory 

 shall when completed be deemed to be a substitute observatory for the said 

 Kew Observatory for all purposes within the meaning and intent of these 

 Presents. 



PROVIDED ALWAYS AND IT is HEREBY AGREED AND DECLARED that the said 

 Royal Society their successors or assigns shall not be accountable or responsible 

 for the loss by accident or fraud of or damage to or the destruction by fire of 

 the said Italian Irrigation Bonds or any of them or any other securities in 

 which the Trust Fund or any part thereof may be invested or for the acts or 

 defaults of any banker broker or other person with whom the said bonds or any 

 of them or any other securities or the said Trust Fund or any part thereof 



