- The sums received at Government High/Higher Secondary Schools as the proceeds of invested funds or as subscriptions are used for scholarships. Where there is an invested fund the Headmaster or the Principal and the District Magistrate are the joint administrators. The dividends, on the trust fund or, the subscriptions, as the case may be, are paid to the Headmaster or Principal and by him into the Post Office Savings Bank, from which he withdraws such sums as are from time to time required for the payment of scholarships.(G. O. no 2439-E., dated the 13th August, 1923.)
