HEPPLE FUND.

Dominion, Volume 6, Issue 1662, 31 January 1913, Page 5

HEPPLE FUND.

..THE TERMS Op'TRUST SETTLED.; : _A; flatteivcf; interest', c'amo jbefdro/iMsHonour 'Mr.. Justico; ; Chapman on Wednesday: on' a-Cpotitiori 'by' tho Publio Irusteo tq tho Court, under. The Publio trust Amendment Act of last year,'<for directions as to tho'trusts upon I which tho moneys lately, raised for tho benefit of tho •■Hopple,--family should•'be held.-. Under vbection' i cf, the -;Act abovemchtioned, itis provided'that, in any caso wh6re, a'.fund' is.raisfcd.by .public' or pri,vata Isiibsqription'^for I .'tho"hohefit'.or.'., re- 1 lief;of, any porsou'.or persons,- the somo' may bo placed in'tho Publio Trust GfHoe, and the, Publip .Trustee may recognise as a committee, any persons who ho believe* to havo. been .'appointed as suph by a subi' stantial number of; subscribers. '.'. After conferring with this committee, the Public Trust*. Snay upply.-.toCtho Court for directions as to the'administration pf-tho' fund! and-'for, that'-purpose".may .submit a' scheme "Which th 6' v Court;"liris'pow«r *io oonfirm or alter 'aritthihks'fit;-' Oh'the' application of any persons interested,-tho. Court may- at any tinio'alter' br amend the scheme at first Rdopted,, The present application was the first of its-kind under tho statute, which- enables thoso matters ' to be. placed without expense upon--a proper , legal; fodting-h:'' thing '.formerly. often 'difficult;', to .•accomplish.'-":;" ~•■•■ , His Honour directed that IhVHcpplo' moneys be TnvcfeCby; Hie Publio Trustee, and' that durin'g»;Mrs. Hcpple's lifetime the incoms and so 'much of fho capital as the: Public; .Trustee should from timo to time think fit be applied for tho' maintenance and".benefit' of Mrs. Hepplo • and- the. children. ; After the.; death; of Mrs. Henple,: the fund is ft bo.-siniilnrljr. applied for 1 the I '.children's 'benefit" till tho .youngest'■ attains'tho■ ago of ■,twenty-ono: years, .when it.is.to 1)6 divided among fill. tho children'in'equal'shares.'' '•""'-, ' This order-was'made nt the. request of the majority of 'the committ»o''api)ointeil in resppct'of the fund. At first it was understood.that Mrs. interest in „tho fund was to cen& on her reiiKirria«v ■but it.'wns nftwwards' agreed that ..the question should lie left nt lnree, it lim'iis: pointed .out that,the Public Trust Offico Amendment Act, 1012, gave'the committee or any one of them power to' apnly'to . tho Court.at any time for. a. variation'M the trust.. '■'..'■ . \, ';-.. .••■ Thr> Court 'reserved lenvo to the Attor-ney-Gencrnl. tho Public;' Trusts, .any• member 'of tho committee and any person claiming, interest under the fund to annlyto ■ tho Court to', have, tho order varied - or for directions. ', y> .-, ■ V