New South Wales Consolidated Acts

WEST SCHOLARSHIPS ACT 1930 - SECT 6

6 Application of revenue

(1) Subject to this Act the interest arising from such investments, together with the amount determined as accrued interest, in pursuance of subsection two of section five of this Act shall, after payment therefrom of any expenses reasonably incurred by the West Scholarships Trustees in the discharge of their duties and authorities under this Act, be applied by such trustees in the provision and maintenance of scholarships in accordance with this Act, including the payment of such moneys as may be necessary for giving effect to section seven of this Act.

(2) Every pupil who attends a prescribed school situate within the Cooma-Bega School Inspectorate shall, if he possesses the prescribed qualifications and complies with the terms and conditions prescribed, be eligible to compete for a scholarship under this Act.

(3) The scholarships shall be tenable at:

(a) a public school, or a school registered under the Bursary Endowment Act 1912 , as amended by subsequent Acts, within the State,

(b) a school maintained by or on behalf of the Commonwealth, or a school certified under the Education Ordinance 1937-1964 of the Australian Capital Territory or any provisions amending or replacing that Ordinance, within that Territory, or

(c) a University or technical or agricultural college within the State or that Territory.

Where the holder of a scholarship elects to be apprenticed to a trade the trustees may direct that the benefits of the scholarship shall be applied towards increasing his efficiency as an apprentice in that trade.

(4) The maximum annual amount payable to any person by way of scholarship, the maximum period during which scholarships shall be tenable, and the terms and conditions to be observed by persons to whom scholarships have been awarded shall be as prescribed.

(5) The trustees may by resolution from time to time determine:

(a) the amount (not exceeding the maximum annual amount prescribed) payable by way of scholarship in any year to each of the persons holding scholarships under this Act,

(b) the period (not exceeding the prescribed maximum period) during which a scholarship shall be tenable.