“Tredecim insuper in artibus studentibus, cuilibet de duodecim eorundem, duodecim marcas solven per procuratorem communem dicti collegii, pro eorundem sustentatione in esculentis et poculentis una cum cameris et aliis asiamentis infra idem collegium gratis, et pro deo cum omni charitate et mansuetudine ministretur. Tertio decimo studenti quinque tantum libras, de annuis redditibus per præfatum quondam magistrum Duncanum Scherer fundat. Inter quos, quilibet
“This is a gift upon condition, and not merely a trust; the condition of forfeiture proves the intention to give a benefit, the imposition of a penalty for non-performance of a condition, implies a benefit, if the condition be performed.”