Naughton Dunn Memorial Trust

The Society shall hold the Fund for the purpose of paying grants of money out of the income thereof to such sick, disabled, aged or retired doctors who are graduates of Aberdeen University or, in exceptional circumstances, graduates of other British Universities and on their deaths their widows as the Benevolent Committee may in their discretion from time to time select and, without prejudice to Clause 4 hereof, for the purpose of paying grants of money out of the income thereof to assist medical students requiring financial assistance to enable them to complete their studies.