SCHEDULE 3 SCHEDULE 3

| 1. All those 3 roods of land situate and being in the City of Launceston in Tasmania and bounded as follows (that is to say) on the north-east by 170 feet and 4 inches south-easterly along George Street from its angle with Elizabeth Street on the south-east by 198 feet south-westerly along land reserved for the Church of England on the south-west by 170 feet and 7 inches north-westerly also along that land to Elizabeth Street aforesaid and thence on the north-west by 198 feet north-easterly along that street to the point of commencement subject nevertheless to the principal sum of £2 000 and interest charged thereon by way of mortgage and subject to the principal sum of £230 and interest charged thereon being part of the Jubilee Fund of £300 hereinafter mentioned. | | | | 2.  All that piece or parcel of land part of the Mowbray Estate situate in the parish of Seaford in the County of Dorset in Tasmania containing by estimation 25 acres and 3 perches or thereabouts and bounded on the north-west by a line commencing at the western angle of the said estate on the River Tamar and extending 19 chains 49 links and 2/10ths of a link or thereabouts north-easterly along land formerly belonging to William Dawson Grubb to a point distant 15 chains 80 links and 8/10ths of a link south-westerly from the George Town Road thence on the north-east by a line of 14 chains 1 link south-easterly along a newly laid out street 43 feet 6 inches wide called Valentine Street to a point distant 16 chains 28½ links south-westerly from the George Town Road thence on the south-east by a line of 4 chains 86½ links or thereabouts south-westerly along land sold and conveyed by Martin Mowbray Stephenson James Scott and Alexander Murray Milligan to Janet McKenzie portion of which has been dedicated as a public street 50 links wide known as Button Street thence again on the south-east by a line of 10 chains or thereabouts south-westerly in another bearing along the last-mentioned land to the River Tamar aforesaid and thence on the south-west by that river north-westerly to the commencing point aforesaid together with a right-of-way and passage at all times with or without horses cattle carts and vehicles in over along and upon the strip of land or roadway 75 links wide leading from the last-mentioned south-eastern boundary of the land hereinbefore described south-easterly and then north-easterly through the said land formerly belonging to the said Janet McKenzie to the George Town Road aforesaid as the said land hereinbefore described and the said roadway are more particularly delineated in the plan thereof drawn on the aforesaid Indenture of Conveyance and Mortgage Registered Number 15/4237 and therein surrounded by red and green lines respectively subject nevertheless to the principal sums of £8 500 and £3 500 and interest charged thereon by way of mortgage. | | | | 3.  The Jubilee Fund amounting to £300 which is made up of £230 charged upon the 3 roods of land above-mentioned and £70 invested at interest. | | | | 4.  The Endowment Fund at present consisting of £22 10s. a legacy from Miss Eliza Stewart. | | | | Note | | | | A terrace of three houses known as Nos. 92 94 and 96 in Balfour Street Launceston and a sum of £2 000 and the income therefrom which are held upon trust for the Launceston Church of England Grammar School for chapel purposes do not vest in Christ College Trust but shall be dealt with as directed by the Board of the Launceston Church of England Grammar School. | | | | And certain building society shares in the name of the trustees of the Launceston Church of England Grammar School which are being subscribed for by various persons to reduce loans of £4 000 incurred by the said trustees in the course of building the new school premises do not vest in the Christ College Trust but shall be dealt with as directed by the Board of the Launceston Church of England Grammar School. |