—(1)  The moneys to arise from such sale, after deducting the cost and expenses attending the sale or otherwise incurred in relation thereto, shall be paid to the trustees or continuing acting trustees for the time being of the said synagogue as hereinbefore mentioned for the purpose of acquiring land and erecting and building on such land as is acquired for that purpose or any part thereof a new synagogue or place of worship for the use of the members of the Jewish community in Singapore.