26.1. (1) The trusts declared in the indenture made on 26 May 1895 between Sir Monier Monier-Williams, KCIE, MA, DCL, Boden Professor of Sanskrit in the University of Oxford of the one part and the Chancellor, Masters, and Scholars of the University of Oxford of the other part are varied as provided below.
(2) As from the date on which this statute came into operation, clauses 1, 2, 3, and 4 of that indenture and every part of those clauses are repealed and shall cease to have any force or effect.
(3) As from the date on which this statute came into operation, that indenture shall be read and have effect as if clauses 1 and 2 below had been originally in the indenture in place of those clauses 1, 2, 3, and 4:
‘1. Those books and manuscripts shall be placed in the Indian Institute or elsewhere under the charge of the Curators of the University Libraries and shall be kept and used in accordance with the rules and regulations of the Bodleian Library.
2. An inscription commemorating the benefaction of Sir Monier Monier-Williams shall be placed in the Library of the Indian Institute.’
26.2. (1) The trusts declared in the indenture made on 30 March 1885 between The Revd Solomon Caesar Malan of Balliol College, DD, Vicar of Broadwindsor in the County of Dorset of the one part and the Chancellor, Masters, and Scholars of the University of Oxford of the other part are varied as provided below.
(2) As from the date on which this statute came into operation, clause 1 of that indenture shall be read and have effect as if the words ‘upon the trusts’ had been originally inserted in the indenture in place of the words ‘upon trust for the purpose of the Indian Institute within the University of Oxford’.
(3) As from the date on which this statute came into operation, clause 2, including sub-clauses (i), (ii), (iii), (iv), (v), (vi), and (vii) of clause 2, of that indenture and every part of that clause and those sub clauses are repealed and shall cease to have any force or effect.
(4) As from the date on which this statute came into operation, that indenture shall be read and have effect as if the following clause 2 had been originally inserted in the indenture in place of that clause 2:
‘2. The Chancellor, Masters, and Scholars, hereby covenant and agree with The Revd Solomon Caesar Malan that they the Chancellor, Masters, and Scholars will hold that library of books and all other books that may subsequently be added to them by The Revd Solomon Caesar Malan upon trust subject to the following conditions:
(i) The books shall be placed in the Indian Institute or elsewhere under the charge of the Curators of the University Libraries and shall be kept and used in accordance with the rules and regulations of the Bodleian Library.
(ii) An inscription commemorating the benefaction of The Revd Solomon Caesar Malan shall be placed in the Library of the Indian Institute.’
