THE PORIRUA TRUST.
LETTER FROM BISHOP HADFIEiLD,
(FROM A COMIESI'ON'DEXT.) WELLINGTON, April 22. In a commuuicntjon to '.be ''Post," Bishop HadficUl, who was truxtne for forty ymis of ihc Poriraa. Na>Uve Soiiowl P-c----wrvo, which has be«i t'nc flubjeot of • recent litigation and discussion, says tiint. tvhea tl>e ]<iiid cants into Bishop Selwyn's possession h> was 'wont-h at outside ten shillings an acre altogether, or £250. Bichop Selwyu cent £300 for its improvement, and subsequently it was rented. The moneys received have regularly invested, with th*> -exception of a few small amounts expended on the land. At the present time the funds accumulated amount io over £8000. The land wouH, at tire Ioi\To:-t valuation, be worth £4000. It may, therefore, 'be eaid thait what the truces i-eccived was propeaity worth about £250, nvd ilirt tint property is nww worth £12.000. Tuis, he oontends, does not indkwte m-glcct en tl» part of the If tho charge of neglect refers to the fact, thut r.o school haa been estabiislicil, lie CuiiM say it would h:ive bi~n unwise to . - ittempt to tv.ch a school p» intended by tho •donors with tlie hunh at. rho disposal of the tiijctee.s.
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Press, Volume LX, Issue 11565, 23 April 1903, Page 5
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194THE PORIRUA TRUST. Press, Volume LX, Issue 11565, 23 April 1903, Page 5
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