1. The Education Board of any district may make regulations under which scholarships such as are described in "The Education Act, 1877," section fifty-one, may be competed for and held; but such regulations shall not come into operation until they shall have been submitted to the Minister of Education, and shall have been approved of by him; and no such regulations shall be so approved of which do not set forth—

(a.)	Whether the scholarships are open to all children of school age, or are to be competed for by pupils attending public schools only (see section fifty-one of "Education Act, 1877");
(b.)	Any other conditions of candidature (for example, as to age);
(c.)	The annual value of each scholarship, the term for which it is to be held, and the conditions of tenure (as to good conduct and diligence);
(d.)	The subjects of examination;
(e.)	The minimum proportion of marks in each subject, and of total possible marks, which will be necessary to qualify for a scholarship.