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11. ... schemes... shall save or shall make due compensation for the vested interests of individuals holding any office, place, employment, pension, compensation allowance, bursary, or emolument under or arising out of educational or other endowment at the date of the passing of this Act, and shall provide that no funds now applied in terms of the founder's directions to free elementary education shall be directed to any other purpose, except to the extent to which such funds are manifestly in excess of the requirements for the purpose of free elementary education of the localities to which they belong. "Elementary education" shall mean such education as may be given in National schools which are aided by grants from the Commissioners of National Education in Ireland.
© 1885 Crown Copyright
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