SESSION OF 1884-85.

CAP. IV.

(Assented to 13th January 1885.)

BARBADOS.

An Act to vest a sum of one thousand pounds bequeathed by the late John Henry Leacock for establishing two scholarships at Codrington College, in the Bishop of the Diocese and the Principal of the said College and their successors in office.

WH

HEREAS John Henry Leacock late of the parish of Saint Peter in this Island, by his last will dated the twentieth

Preamble.

Will of J. H.

ton College £1,000.

day of November one thousand eight hundred Leacock and eighty two, bequeathed the sum of one bequeathing to the thousand pounds unto the persons or person Lord Bishop of who at the time of his decease should be Barbados and the Lord Bishop of Barbados and Principal of Principal of Codring Codrington College upon trust that the said Bishop and Principal, or the survivor of them or the executors or administrators of such survivor or other the trustees or trustee for the time being of the said sum of one thousand pounds (in the will afterwards referred to, and also herein sometimes afterwards referred to as "the Scholarship trustees or trustee)" should invest the said sum of one thousand pounds in and upon good and sufficient real security either in this Island or elsewhere, or in the Parliamentary stocks or funds of Great Britain, with power for the Scholarship trustees or trustee from time to time to vary the said investments into or for

others of the same or a like nature; and he for the foundation of hereby declared that the Scholarship trus- two Scholarships at tees or trustee should stand possessed of the that College. said sum of one thousand pounds and the

ships.

LAWS OF BARBADOS.

investments for the time being representing the same (therein afterwards referred to, and also herein sometimes afterwards referred to as "the Scholarship Fund",) upon trust with and from the annual income thereof to establish two scholarships of the annual value of thirty pounds each at Codrington College to be called "The Leacock Scholarships," and Terms and condi- to be competed for and held subject to such tions of the Scholar- regulations as the Scholarship trustees or trustee should think fit from time to time to make; and he declared that the said Scholarships should not be confined to any particular faculty and should be filled up at such time in each year, when vacant, as the Scholarship trustees or trustee should determine according to the result of an examination to be held by the authorities of the said College, and that the said Scholarships should be tenable by any native or son of a native of Barbados for two years and no longer, provided that each such scholar should, unless prevented by sickness or other grave cause, keep his term continuously at the said College during such period and should transmit to the Scholarship trustees or trustee at the close of each term a Certificate from the Principal of the College or the person acting on his behalf that he had kept such term by actual residence and had satisfied the authorities of the College by his diligence and general conduct-on the receipt of which certificate he should be paid the amount to which he might be entitled for the term then ended; and it was thereby also provided and declared that if the trustees or trustee of the Scholarship Fund thereby appointed, either of them or any future trustee or trustees of the Scholarship Fund should die or

Provision

as

to appointment of future trustees.

to

or

SESSION OF 1884-'85.

go to reside abroad, or should desire to retire from or refuse or become incapable to act in the trusts of the Scholarship Fund, then and in every such case it should be lawful for the continuing trustee or trustees for the time being of the Scholarship Fund, or if there should be no continuing trustee then for the retiring or refusing trustees or trustee or the executors or administrators of the last acting trustee to appoint the Lord Bishop of the Diocese or the Principal of Codrington College, if not already a trustee and if willing to accept the office, or if already a trustee or unwilling to accept the office, then any other person or persons to be a trustee or trustees in the place of the trustee or trustees so dying or going to reside abroad or desiring to retire or refusing or becoming incapable to act as aforesaid, and that upon every such appointment the Scholarshp Fund should be so transferred as to become vested in the new trustee or trustees of the

Scholarship Fund, either jointly with the continuing trustee or trustees of the Scholarship Fund, or solely as the case might require, and that every such new trustee of the Scholarship Fund (as well before as after the Scholarship Fund should have become vested in him) should have all the powers and authorities of the trustee of the Scholarship. Fund for whom he should be substituted; and in the said Will the testator also provided and declared that in order to avoid the con- lature to be applied tinual expense of appointing new Scholarship trustees and perpetual dealings with the Scholarship Fund on each appointment it was his wish that the authorities of the said College should apply to the Legislature for an Act vesting the said sum of one thousand

Act of the Legis

for.

LA OF BARBADOS.

pounds in the said Bishop and Principal for the time being and their successors in office, in the same manner, as the money founding the "Rawle Scholarship" was vested in them, and so that the said Bishop and Principal and their successors in office might hold the said sum of one thousand pounds and the interest on the trusts therein before declared concerning the same; And Whereas the said John Henry Leacock, the testator, died on the tenth day of January one thousand eight hundred and eighty four, without having altered or revoked his said Will as to the said legacy given for the founding of Scholarships as aforesaid, and the said Will was on the first day of February one thousand eight hundred and eighty four duly proved and recorded in the Colonial Secretary's Office of this Island; And Whereas the Right Reverend Herbert Bree who is now the Lord Bishop of Barbados, and the Reverend Alfred Caldecott, who is now the Principal of Codrington College, are willing to accept the trusts upon which the said sum of one thousand pounds is bequeathed unto them as aforesaid for establishing two Scholarships at Codrington College; And Whereas the said sum of one thousand pounds bequeathed as aforesaid by the said John Henry Leacock has not yet been paid or transferred to the said Bishop and Principal by the executors and trustees of the Will of the said testator, but the executors and trustees of the said Will have assented to the said legacy and expressed their intention to pay or transfer the same to the said Bishop and Principal in a short time; And Whereas the Rawle Scholarship referred to in the Will of the said testator is vested in