"" I bequeath the sum of £3,000 (£300.000)* to my said Trustees upon trust either to pay over the same to the Ecclesiastical Commissioners for England or at their discretion to lay out and invest the same in their own names in or upon such securities or investments as they are by law authorised to lay out and invest the same and to stand possessed of the securities or investments for the time being in or upon which the same shall be laid out or invested with power from time to time to alter vary or transpose such securities or investments upon trust to pay the interest dividends or annual income to arise therefore unto the Vicar or incumbent for the time being of the Parish Church of Llantysilio in the County of Denbigh in augmentation of income of such a vicar or incumbent for ever.""'