17Application of proceeds of property held upon special trust

17 Application of proceeds of property held upon special trust

Any moneys arising from the sale, mortgaging, or charging of any real or personal estate held upon trust for any institution shall be held by Christ College Trust upon trust for such institution, and be applied in such manner as the trustees of Christ College Trust and the board of such institution shall mutually agree, and, failing agreement, as shall be settled by the Visitor: Provided that if real or personal property so sold, mortgaged, or charged shall be subject to any special trust, the moneys arising from the sale, mortgaging, or charging thereof shall remain subject to the same special trusts.