Mosman Anzac Memorial Hall Act 1938
22Application of surplus income
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22 Application of surplus income
22 Application of surplus income
(1) Whenever the Trustees shall have in their hands any moneys which will not in their opinion be required for any of the purposes provided by section twenty-one of this Act they shall hold such surplus income upon trust to pay the same to the Royal North Shore Hospital so long as the said Hospital continues to be a public hospital supported wholly or in part by public subscription.
(2) Should the said Hospital cease to be a public hospital supported as aforesaid the Trustees shall hold such surplus income aforesaid upon trust to pay or apply the same to such other charitable objects, purposes or institutions and in such amounts at such times and in such manner as the Trustees may see fit.