12. I give the sum of £100,000 ... to my old college Oriel College in the University of Oxford ... and I direct that the sum of £40,000 part of the said sum of £100,000 shall be applied in the first place in the erection of (the said) new College buildings and that the remainder of such sum of £40,000 shall be held as a fund by the income whereof the aforesaid loss to the College[10] revenue shall so far as possible be made good. And ... I direct that the sum of £40,000 further part of the said sum of £100,000 shall be held as a fund by the income whereof the income of such of the resident Fellows of the College as work for the honour and dignity of the College shall be increased. And I further direct that the sum of £10,000 ... shall be held as a fund by the income whereof the dignity and comfort of the High Table[11] may be maintained by which means the dignity and comfort of the resident Fellows may be increased. And I further direct that the sum of £10,000 ... shall be held as a repair fund the income whereof shall be expended in maintaining and repairing the College buildings. [This portion of the Will is concluded with advice to the College authorities that they consult the Rhodes Trustees as to the investment and handling of these various funds.] III. Articles 13, 14, 15 [provide for the disposition and maintenance of De Groote Schuur, Rhodes’s South African residence, directing that it be left as a residence for the Prime Minister for the time being of the Federated Government of the States of South Africa, and that certain of the expenses of its maintenance be paid from the income of the estate.] IV. [THE SCHOLARSHIPS AT OXFORD.]