THE WISLEY GARDENS ENDOWMENT FUND. 495 



insurance of any buildings or erections of any kind on any land (in- 

 cluding not only the Wisley Estate but also other land wheresoever 

 situate) for the time being used or occupied by the Society for an 

 experimental ornamental or practical garden or for scientific research 

 educational or practical work in connection with scientific or practical 

 horticulture in any branch and the payment of all outgoings in con- 

 nection with any such buildings erections or land (ii) The laying 

 out plantation fertilization clearing preparing drainage alteration 

 of levels or improvement of or the making of roads or footpaths 

 upon or through any such land as aforesaid (iii) The provision or 

 installation or the repair renewal maintenance upkeep or insurance 

 of any tools implements instruments apparatus machinery fixtures 

 materials manures chemicals furniture or equipment of any descrip- 

 tion proper for use in connection with any such buildings erections 

 or land as aforesaid or for the carrying on therein or thereon of any 

 scientific or research or practical or educational work connected with 

 horticulture in any branch or for the comfort or convenience of any 

 person engaged there in such work (iv) The payment of salaries or 

 wages or pensions to any persons for the time being or formerly so 

 engaged in any such work as in sub-clause (iii) of this clause is 

 mentioned 



3. The Trustee or Trustees shall and may invest any moneys 

 requiring to be invested under these presents in the name or names 

 or under the legal control of the Trustee or Trustees in or upon such 

 investments or securities of whatsoever nature and wheresoever and 

 whether payable to bearer or not and upon such terms in all respects 

 as the Trustee or Trustees in its his or their absolute and uncontrolled 

 discretion shall think fit with power in its his or their like discretion 

 from time to time to vary and transpose the investments so made and 

 also the investments specified in the Schedule hereto it being intended 

 and hereby declared that the Trustee or Trustees shall not be restricted 

 to investments authorised by law for trust funds or to any other 

 class or description of investment but shall have the same full and 

 unrestricted powers of investing and varying and transposing invest- 

 ments as if the Trustee or Trustees were absolutely and beneficially 

 entitled to the said moneys and the investments thereof and the 

 said investments specified in the Schedule hereto and shall also have 

 power pending investment to deposit any such moneys at a Bank 

 at interest or otherwise without in any case being Uable for any loss 

 thereby occasioned 



4. The Trustee or Trustees shall have power to apportion blended 

 trust funds and expenses and to decide whether any moneys or 

 expenses are to be treated as or paid out of or are attributable to 

 capital or income and how valuations ought to be made or how value 

 ought to be determined for any purposes connected with the trusts 

 of these presents And every such apportionment or decision of the 

 Trustee or Trustees whether made upon a question formally or actually 

 raised or implied in any act or proceeding of the Trustee or Trustees 



