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SCHEDULEEdinburgh Merchant Company

Part VIEndowments trust

A. Incorporation powers, etc., of endowments trust

Chairman of endowments trust

98(1)The Master, or in his absence the treasurer, shall preside as chairman at all meetings of the endowments trust:

Provided that in the absence of the Master and the treasurer, a chairman shall be chosen from among the members of the endowments trust present.

(2)The chairman of the meeting shall, in all cases of equality of votes, have a casting vote in addition to any other he may have.