7Construction of bequests, etc
Any scheme, will, deed or other instrument, whether made or executed before, on or after the appointed day, which contains any bequest, gift or trust or other benefit in favour of or connected with the Institute shall, on and after the appointed day, be read and have effect as if the College were named therein instead of the Institute.
Provided that the College shall administer that bequest, gift, trust or other benefit as nearly as may be for the purposes intended in the original scheme, will, deed or other instrument conferring such benefit and pursuant to the purposes of the Institute as those purposes were defined before the Institute’s dissolution.