23. The Governors shall apply such and so many as they think fit of the existing school buildings of the Trust, other than the buildings hereby appropriated to the Grammar School, with their respective sites, playgrounds and appurtenances, for the purpose of Schools to be conducted as public elementary Schools, as defined by the Elementary Education Act, 1870, or any Act which may be passed for amending the same, for boys or for girls or for boys and girls resident in the Borough of Bedford; or they may at any time, with the consent of the Charity Commissioners, sell or dispose of the same premises or any part thereof, or apply the same to other educational purposes authorised by this scheme, providing other equal and suitable public school accommodation for such elementary education as aforesaid.

24. The Governors shall apply the said two-eleventh parts of the net income of the Trust for the purposes of such public elementary schools as aforesaid by erecting and maintaining proper school buildings and fittings, by providing efficient Masters and Mistresses, by establishing Exhibitions, calculated either to prolong the education of meritorious scholars within the Schools, or to carry them to some higher place of education, or by such other methods as the Governors shall from time to time judge to be best calculated to stimulate and promote the education of the poor of Bedford.

25. The Governors may from time to time raise and expend such capital sums as they find necessary for providing proper sites, buildings, and fittings for such public elementary Schools as aforesaid. But all sums so raised and the interest payable thereon shall be set against and, as between the several objects of the Trust, shall be deemed to have been charged upon and taken in reduction of the said two-eleventh shares of the net income of the Trust hereinbefore assigned to elementary education.