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Surplus of funds of any of the free schools of Armagh, &c. may be applied, in the first instance, in the maintenance and improvement of any other of such schools;
53 Geo. 3. c. 107. ss. 11, 12.
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8. And whereas by the said recited Act the several lands, tenements, and hereditaments granted by King Charles the First for the use of the masters of the schools of Armagh, Dungannon, Enniskillen, Rephoe, Cavan, Bannagher, and Carysfort, are vested in the said commissioners and their successors for ever, for the maintenance and support of the masters of the said several schools, and of under masters when necessary, and to the enlarging, furnishing, and providing the school-houses and grounds thereof respectively, in manner therein mentioned; and it is by the said Act provided, that the residue of any of the funds of the said schools respectively shall be applied in the supporting of free scholars in such schools respectively, and to the endowment of exhibitions to Trinity College: And whereas it is expedient that the said commissioners of education should have power, in the first instance, to apply such residue as herein-after provided: Be it therefore enacted, that whenever any residue shall remain of the funds of any of the said schools last mentioned, after defraying the expence of the master and of the under master or masters (if any), and of all enlargements and improvements of and in the school house, grounds, appurtenances, and furniture thereof, which shall be thought necessary, as by said Act is directed, it shall and may be lawful to and for the said commissioners of education, if they shall think fit, to cause such residue, or such part or share thereof as they shall deem sufficient, to be applied to and in the like maintenance and improvement of any other or others of the said schools last mentioned, whose funds may stand in need of such aid; and if such residue shall be more than sufficient for that purpose, then so much as shall remain thereof shall be applied in manner in the said recited Act directed.
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