The revenue of the National Trust1 must be applied, first in payment of the expenses incurred in connection with the trust and its property, then in payment of interest on and instalments of money borrowed by it, and the balance, if any, must be applied in furtherance of the objects of the trust2 or invested in investments in which the trustees are by law entitled to invest trust funds3. However, the Council of the National Trust4 may resolve that the expenses of any particular
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