'In pursuance of the principles above laid down there remain at the disposal of Government for general purposes of a beneficent nature, first, one-ninth of the annual income of the Zemindaries; second, the lapsed pensions; and third, the entire amount arising from the interest of the accumulated fund now invested in promissory notes of the Government.
'The Governor-General in Council is of opinion that, after setting apart from the last-mentioned fund such amount as may be necessary to provide appropriate buildings, including the charge of rebuilding or repairing the Imambara and other religious edifices, if it should be found necessary to renew these, the entire remainder should be considered as a Trust Fund, the interest of which with other items specified, may be appropriated to purposes of education by the foundation of a collegiate institution imparting instructions of all kinds in the higher departments of education according to the principles heretofore explained.
'In this manner the Governor-General in Council conceives that the pious and beneficent purposes of the founder of the Hooghly endowment will best be fulfilled and under the latitude given for the determinations of the specific uses to which any surplus funds of the estate are to be appointed, he cannot see that the assignment of the surplus which has arisen in this instance, partly from the delay in consequence
