[leaves the Trustees free to “set apart out of my estate such a Scholarship fund ... as they shall consider sufficient by its income to pay the Scholarships and in addition a yearly sum of £1,000”.] Articles 36, 37 [leave the Trustees free to invest the Scholarship fund as they shall “in their uncontrolled discretion” see fit.] Article 38 [provides for the establishment of “further Scholarships”—“for students of such British Colonies or Dependencies” as the Trustees shall see fit—such Scholarships to “correspond in all respects with the Scholarships hereinbefore directed”.] 39. Until the Scholarship fund shall have been set apart as aforesaid I charge the same and the Scholarships upon the residue of my real and personal estate. 40. I give the residue of my real and personal estate unto such of them the said Earl of Rosebery Earl Grey Alfred Beit William Stead Lewis Lloyd Michell and Bourchier Francis Hawksley as shall be living at my death absolutely and if more than one as joint tenants. 41. [Trustees may employ a Secretary or Agent to transact all business required to be done by the Trust.] 42. My intention is that there shall always be at least three Trustees of my Will so far as it relates to the Scholarship Trusts and therefore I direct that whenever there shall be less than three Trustees a new Trustee or new Trustees shall be forthwith appointed. In witness whereof I have hereunto set my hand the day and year first above written. Signed (...) C. J. Rhodes. (Witnesses) Charles T. Metcalfe, P. Jourdan, Arthur Sawyer. _CODICILS._ I. ‘Jan. 1900.’ Really Jan., 1901. (1.) A Codicil added by Rhodes revoking the appointment of Mr. Stead as one of his executors. (See Clause 2, p. 10.) (Witnesses) Lewis L. Michell. H. Godder. [Sidenote: German Scholarships.] (2.) This is a further Codicil to my Will. I note the German Emperor has made instruction in English compulsory in German schools. I leave five yearly Scholarships at Oxford of £250 per annum to students of German birth the Scholars to be nominated by the German Emperor for the time being. Each Scholarship to continue for three years so that each year after the first three there will be fifteen Scholars. The object is that an understanding between the three great Powers will render war impossible and educational relations make the strongest tie. C. J. Rhodes. America has already been provided for. C. J. R. (Witnesses) C. V. Webb. W. G. V. Carter. (3.) [Endorsed on back of above.] A yearly amount should be put in British Consols to provide for the bequests in my Will when the Diamond Mine works out; the above is an instruction to the Trustees of my Will. C. J. R. (4.) [Provisions for certain Inyange farms.] II. Oct. 11, 1901.