The income of the charity is to be applied as follows:—1st, in the payment of the pensions and apprenticeship fees granted before the 27th May, 1881.
The income is then divided into two portions.
One-half of the income, after providing for these old pensions, is to be applied in charitable or eleemosynary purposes as follows:—(1) An annual sum of not more than £900 nor less than £700 in the payment of pensions to deserving and necessitous inhabitants of the parish of Kensington, who shall have resided therein for not less than seven years next preceding the time of their appointment, who shall not during that period have received poor law relief, and who from age, ill-health, accident, or infirmity shall be unable to maintain themselves by their own exertions.
(2) The remainder of the half, after paying the £900 applicable to pensions, to the general benefit of the poor of Kensington, to such persons and in such way as the trustees shall consider most advantageous to the recipients and most conducive to the formation of provident habits, as follows:—
1. (a) Subscriptions in aid of the funds of any dispensary, infirmary, hospital, or convalescent home, upon such terms as to enable the trustees to secure the benefit of the institution for the objects of the charities.
(b) To provident clubs or societies in the parish of Kensington for the supply of coal, clothes, or other necessaries.
2. Contributions towards
(a) The provision of nurses for the sick and infirm.
(b) The purchase of annuities for the augmentation of any income possessed by the recipients and produced by their own exertions.
(c) The cost of outfit, on entering into trade or service, of any one under 21 years of age.