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Preston’s conveyance for schools at Navan and Ballyroan.
46 Geo. 3. c. 122.
Commissioners may visit the said schools, &c.
Application of rents.
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14. And whereas John Preston, deceased, formerly an alderman of Dublin, did by deed, bearing date some time in or about the year one thousand six hundred and eighty-six, grant and convey the lands of Cappaghloughlin in the Queen’s county in Ireland, then producing the sum of eighty pounds yearly, to certain trustees therein named and their heirs for ever, in trust to pay a schoolmaster of the protestant religion, resident in the town of Navan in the county of Meath, the yearly sum of thirty-five pounds; and to pay to a like schoolmaster, resident in the town of Ballyroan in the Queen’s county, the yearly sum of twenty-five pounds; and to pay the sum of twenty pounds yearly to the hospital of King Charles the Second, in Oxmanstown, Dublin; the nomination of the said schoolmasters to be in the eldest son of the said John Preston and his heirs male, and the said trustees and their heirs, or the major part of the said persons for ever; and in case of any increase in the rents of the said lands, the overplus to be disposed of by the said persons or the major part of them for the convenience of the said schools, or such other pious uses as the same persons or the major part of them should from time to time appoint: And whereas an information was in the year one thousand seven hundred and thirty-six filed in the Court of Chancery in Ireland to enforce the due and proper management of the said schools of Navan and Ballyroan, which cause is still depending in the said court, in which it has been found necessary from time to time to make divers orders for affecting the beneficial purposes of the said suit: And whereas the rents of the lands of Cappaghloughlin, granted by the said John Preston, deceased, for the payment of the masters of the schools of Navan and Ballyroan, have greatly increased; and it appears from the second report made by the commissioners of enquiry appointed under an Act made in the forty-sixth year of his present Majesty’s reign, intituled “An Act to revive and amend an Act made in the Parliament of Ireland, for enabling the lord lieutenant to appoint commissioners for enquiring into the several funds and revenues granted for the purposes of education, and into the state and condition of all schools in Ireland,” that great abuses and mismanagement have taken place in the application of the rents of the said lands, and that a considerable part thereof remains yet unappropriated: Be it enacted, that it shall and may be lawful for the commissioners under this Act for the time being, for the purposes of ascertaining the due management of the said trust and the application of the funds arising out of the said lands, from time to time to make such visitations, enquiries, and reports, and to direct that the issues and profits of the said lands and the overplus or accumulation of such issues and profits shall be applied, in like manner as the said commissioners are empowered to do with respect to any other schools of private foundation under or by virtue of this Act; and that from and after the passing of this Act the net rents of the said lands of Cappaghloughlin aforesaid shall at all times be divided into three parts, in the proportion of the annuities to be paid in pursuance of the grant of the said John Preston to the said hospital in Oxmanstown, and to the masters of the said schools of Navan and Ballyroan; (that is to say,) in the proportion of four sixteenths to be paid to the said hospital, seven sixteenths to be applicable to the use of the school of Navan, and five sixteenths to the use of the school of Ballyroan.
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