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THE QUEEN'S UNIVERSITY OF BELFAST (TRUSTS) ACT (NORTHERN IRELAND) 1952 - SECT 1

1.(1) The Queen's University of Belfast (in this Act called "the university")
may make a scheme providing for the following matters:

(a)for the application of the scheme to such trusts as may be specified
therein, being trusts which are administered by the university or which are
administered by other trustees for purposes connected with the university and
are included in the scheme with the consent of those trustees;

(b)for enabling all the property held by the university on any trust to which
the scheme applies, with such exceptions as may be specified in the scheme, to
be administered by the university as a single fund (hereafter referred to as
"the Fund");

(c)for enabling the trustees of any trust to which the scheme applies which is
not administered by the university to transfer to the university all the
property comprised in the trust, with such exceptions as may be specified in
the scheme, and for its administration as part of the Fund;

(d)for enabling the Ministry of Finance to transfer to the university any
property held by it on behalf of the university on any trust to which the
scheme applies, and for the administration of that property as part of the
Fund;

(e)for valuing the Fund and determining the shares of the various trusts
therein;

(f)for distributing the income of the Fund in accordance with the said shares,
and for enabling, in the case of any trust, advances of capital to be made out
of the Fund, up to an amount not exceeding the share of that trust, for any
purpose for which capital is authorised by the terms of the trust to be
advanced;

(g)for authorising, in such circumstances as may be specified in the scheme, a
part of the income for any year to be placed to a reserve account for the
purpose of eliminating or reducing fluctuations of income;

(h)for conferring upon the university powers of investment with respect to
property comprised in the Fund, including powers to invest in the purchase of
land;

(i)for enabling the scheme to be extended to trusts administered by or for
purposes connected with the university, being trusts created after the coming
into operation of the scheme or excluded from the scheme for other reasons,
unless the terms of the trust expressly provide to the contrary or (in the
case of trusts not administered by the university) the consent of the trustees
is withheld;

(j)for any incidental, consequential and supplementary matters for which the
university considers it expedient to provide.

(2) The university may make different schemes under this section in relation
to different classes of trusts.

© 1952 Crown Copyright

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