(3) They shall apply the income of the property representing the endowment of the Foundation of Josias Shute, in the maintenance of Shute Scholarships as hereinafter provided;
(4) They shall apply the income of the various prize funds in providing prizes for boys in the School of the Foundation as heretofore; and
(5) They shall apply the residue for the general purposes of the School of the Foundation.
Rates, &c. on School.
19. All payments for rates, taxes, repairs, and insurance of or in respect of any property occupied for the purposes of the School shall, so far as not otherwise provided for, be made out of the income of the Foundation applicable to the purposes of the School.
Staff.
Head Master and Assistants.
20. There shall be a Head Master of the School, and such number of Assistant Masters as the Governors think fit.
Employment of Staff.
21. Every Master in the School shall be employed under a contract of service with the Governors which shall, in the case of appointments made after the date of this Scheme, be reduced to writing, and shall in any case be determinate only (except in the case of dismissal for misconduct or other good and urgent cause) upon a written notice given by or on behalf of the Governors or by the Master, as the case may be, and taking effect in the case of the Head Master after the expiration of six months from the date of notice, and in other cases at the end of a school term and after the expiration of two months from the date of notice; but nothing in this clause shall—