AN ENDOWMENT FUND

Press, Volume LXIX, Issue 20979, 6 October 1933, Page 18

AN ENDOWMENT FUND

■' ' CHRIST'S 'COttlppll .. CENTENABY?:?|||| ECONOMICAL [ • Accompanying the annual reolw I the Christ's College' ciation is an account of the :! ato| > ' 1 l I tration of the College j I dowment Fund. ''lV"*| I The fund'consists, it- I current policies which, with ; '-b(j*?i' added, amount to £11,666 Us. .Stf2?l| tion to this sum the ■inyestied- ; 'eSl 1 amounts to £293 17s 7d, been accumulated through received from old boys amotiaM?!! £lB2, and one claim amounting ?§d £lll 17s 6d. s '■St* In three instances old boys w 'H taken policies, and instead of X. the premiums for the full term K. ! ? ". paid a sum to the trustees which -J • invested at the present rate of iatL:? H will yield sufficient to pay the ium on their policy, and three «fc' 1' old boys gave sufficient sums to &?J' <= ! , duce enough income to pay premium on a policy and instmjS t-'S$ the trustees to take one out 03 «2 m behalf. These funds are invested Vi'M Christ's College debentures and ft! I* Post Office savings bank. Old Boys' Sapport, ,'^ The trustees acknowledge v,ys thanks a grant from the Chrisfe (? H lege Old Boys* Association of it.-v: to cover the expenses of two (jj? - \ lars sent out during the year. ''■ i' From experience gained during ft. * ? year it is becoming evident fund can be administered very »T- : 'V nomically. The trustees receive aaS \4rebate on all premiums paid flteU'i should be more than sufficient to cop- !■& these expenses. It can therefore C s *| ; seen that every contribution made a* i & every claim received should be a t % : rect addition to capital. The associate:! ■ "• need not be called on to make a-M>, ! ',- except to provide the funds for Ec ,. \- cial appeals .for further support hT The first appeal was sent out cc Rn. -Y vember 4 to all old boys who fcsV'r not already become subscribers to ft. <''■> fund. The circular -took the fonn <jj ,; an appeal for policies only and pro. :& duced a good response. ' j^s The second circular, sent oat n*M March 24, was in a rather differes'sl". form. In this the trustees asked &! fp old boys should take out policies ri & £25, £SO, or £IOO with annual m.M miums varying from £1 5s to £5 w '■ L if they were unable to do this & -V they should agree to contribute aW % lar sum per annum which should C "£•"• any amount from say, 2s 6d upwant fe ; " either with their annual submit 3r. tions to the association or 8t aat Toother period of the year. ' p» ■! It was stated that the advanh»§tv of this to the subscribers would that there, would not be a deflai< B amount due for more than one yearij *' the meantime, but on the other hand $S the subscriber could at any time tern tit the amount of his annual contribute '"• into a premium by agreeing to takei '' policy or the responsibility for o» ' It was also pointed out that the vah >. of the fund to the school would it greatly increased if it could be said that every old boy had in some mar* V ner contributed to its success and tKat -?'" it did not merely represent the eSort %', and sacrifice of a few. &:? During the year 20 new policies wen ft taken up insuring £750, and 13 oldPs boys have promised to coatribv«»feS various sums ranging from 2s 6d \<o £2, amounting in all io £7 15s w$ annum. /[ ' Thanks of Trustees. J J The trustees acknowledge thanks the support given by old tcjv' during the year, and the report uc' that although the scheme was launchec,' during very difficult times, it is pre' :: gressing steadily and all subsfnbw and policy holders have reason hi feel proud of the fund. f'.'j