WHEREAS the St. John’s College Trust Board, incorporated under the provisions of the Religious, Charitable, and Educational Trusts Act, 1908 (hereinafter called the Board), has vested in it the lands and funds described in the First Schedule hereto and hereinafter referred to as the scholarship funds: And whereas the scholarship funds were vested in the trustees named in the Preamble to the St. John’s College, Auckland, Removal Act, 1883, to whom the Board has succeeded, by George Augustus, Bishop of New Zealand, by various trust deeds in the year eighteen hundred and fifty-nine, executed by virtue of the Bishop of New Zealand Trust Act, 1858, and by such trust deeds the said Bishop declared the respective trusts upon which the scholarship funds should respectively be held: And whereas the scholarship funds have been respectively held and administered by such trustees and the Board upon and subject to the trusts declared in such respective trust deeds as applying to each respective trust, but doubts have been raised as to whether the said Bishop was empowered to declare such trusts, and it is desirable that such doubts should be set at rest: And whereas the Board has recently erected new college and other buildings at the said college, and the expense of such erection has greatly exceeded the estimate therefor, and the providing of such cost has seriously embarrassed the Board’s finances, so that it is impossible for the Board to carry on the said college unless further funds are available for the general purposes thereof; and it is desirable that the Board should be authorized to employ the income from the scholarship funds for the general purposes of the said college for a considerable period: And whereas the Board has also vested in it the land and funds described in the Second Schedule hereto (hereinafter referred to as the grammar-school funds) in trust for the purposes of and in connection with a grammar school to be carried on in connection with St. John’s College aforesaid: And whereas no grammar school in connection with the said college exists, nor is it practicable to establish one for many years, and it is desirable to make provision for the application of the income from the grammar-school funds for the general purposes of St. John’s College aforesaid for a considerable period: