Royal Hospital Kilmainham Act, 1962

Payment to Royal Hospital, Chelsea, and settlement of scheme.

4.—The High Court, on application made to it by the Attorney General, may—

(a) order the payment to the Commissioners of the Royal Hospital, Chelsea, of—

(i) the sum of £2,440. 7. 4. out of the interest accrued on the portion of the trust funds mentioned in Part I of the Schedule to this Act,

(ii) such sum as may be realised on the sale of all investments representing accrued interest on the said portion, and

(iii) all interest accrued on the investments referred to in the foregoing subparagraph up to the time of their sale,

(b) prepare and settle a scheme for the management and application of the trust funds (including any balance of interest accrued thereon) for some specified charitable purposes or purpose for the benefit of all or any classes or class of members or former members of the Defence Forces.