BOARD OF GOVERNORS MEET

Evening Post, Volume CVI, Issue 31, 6 August 1923, Page 7

BOARD OF GOVERNORS MEET

CHARITABLE AND EDUCATIONAL

GRANTS

YEAR'S ALLOCATION £9015,;

During the ten years the T. ! G. Macarthy Trust has been in existence the sum of £63,912 has been distributed. The following table shows the sum allocated each year to date :— £ 1913 2530 ! 1914 . 7325 1915 7070 1916 6880 i . 1917 5790 I .1918 5H2 i 1919 6545 IS2O 6 7 8 5 !921 6860 1922 S ois Total £63,912 A, meeting of the Board of Governors of the I. G. Macarthy Trust was held in the Executive Council Room, Government Buildings, to-day, there being present His Excellency the Governww* aw T? SC?r Unt Jellic °c. the Bight Hon W. p. Massey (Prime Minister), Archbishop Redwood (Roman Catholic Archbishop of Wellington), the Mayor of Wellington (Mr. E, A. Wright, M.P.). J ,!?" bl lc Trnstee Pfr- J Macdofiald) chairman of the Advisory Committee to the Board of Governors was also present. The Public Trustee reported that the net income for the year-was £14 871 and that during the past 2 years the income of the estate had been considerably increased notwithstanding the subjected taX t0 WWch the eStat* *as In 1920 the land tax was £3101 J??lt s last y%T »* was increased, to *>olib, or more than one-third of the net income. Thus though the fullest renlnt K 6r*K obtained > the advantage was lost by the operation of the graduated land tax, the estate by reason of its large holding naving to bear the heaviest gradation in the scale of land tax. CerrfM,of ,* c "ssets WBre in the possession Jh i 1- tenant ' M the income from these did not pass through the Public .-trustees hands, and was therefore not included iii the amount stated above Curing the year a considerable mm had been expended out of income in repairing and renovating estate proper-

The Public Trust Office had been able LSr V V6l y consid«™We financial asEistance for the estate during the perTh v vf- meen nnde'' administration te %•? £ Tr? St<? had thns been ab"e to avoid the sale of valuable assets when realisation was difficult and Llrket prices were advancing so that the estate would reap the Ml benest of the greatly advanced market prices of various assets ri v d £«« the testator's death. This financial assistance was made possible by the reS, th * fJ«W«S Trust Office holds nnrf th s:' thß be"efit Of b="eficiaries and the advancement of estates under its administration. J!f!i!:h a "?T t0 deCTeasing the heavy P^r^ T 6n ( f°ri? raduated land tax- *c Public Trustee had taken steps toreaise certain of the assets and further reaw™^ W«' e t l3? der co™*>ration. Sales would be effested by public auction at reserves determined by competent valuers. and thereafter approved by the Public irustee, so. that there would be no possibility of any of the properties beinsacrificed One sale recently made had the effect of increasing the estate's income by £1000 a year vJ h M qUe.stfon ot «alisatibn in this valuable estate was one which' necessiT? 1 a/?l6^ aDd ? Xpert consideration. It had to be borne in mind that eventually the whole of the capital and income woula be available for the benefit of Charitable, and Educational Institutions °t &7 ll;?- OSeS) in the Provincial District of Wellington.

Another feature was that practically iVI ?■ °f the estate's considerable land holding consisted of business premises in important localities. The future value had to be looked to The Public Trustee, in' the near future, would be arranging further financial assistance to be affbraed the estate for the purpose of carrying out building and other schemes which were calculated to considerably increase the income of the estate.

As a result of the insertion of newspaper advertisements inviting applications for grants, seventeen new applications had been received, the total number submitted being 104. Owing to the insufficiency of the information forwarded by .four of the applicants, the applications concerned were recommended for exclusion from this year's distribution. ihe Public Trustee submitted the recommendations of the Advisory Committee with respect to grants for the current year, totalling £9015, and these were apprdved by the Board of Governors The grants were as follows (last year's grants being shown in brackets): • £ £ 1. Boys School, Nai Nai 6 i?*P han?Sc) ■ 250 (200) 2. Philosophical Society (Astronomical Section) 75 (25) 3. Brigidine Convent, Foxton 50 50 4. Catholic Girls' Primary School, Buckle street ... — — ■5. St. Mark's Church School, Dufferin street 100 (50) 6. Institute Notre Dame dcs Missibn, Lower HUH _^ _ 7. Wellington Methodist Charitable and Educa- . tional Endowments ... ISO (100) 8. Manawatu Willard Children's Home and Orphanage, Palmerston ' North 100 (100) 9. Convent of Mercy, Pal- . hierston North ..; 75 (75) 10. Convent of Mercy, Marton • 40 (40) 11. Catholic School, Feildihg 20 (20) 12. Society for Relief of Aged Needy, Wellington 150 (120) 13. Citizens' Day Nurseries. Wellington 150 (100) 14. Convent School, Tnihape 40 (40) 15. Convent of Our Lady of the Sacred Heart, Taihape _ 16. Residential Nurseries. Wellington '. 150 . (GO) 17. Brigidine Convent, Carterlon 50 (50) 18. British Red Cross Society, Wellington ... 50 (N A ) 19. Wellington Ladies' Christian Association 50 20. Alexandra Home, Wellington 150 (250) 21. Levin Memorial Home, Wellington 150 _ 22. Catholic Parochial School, Lower Eatt ... 76 m\ i 23. Convent School, Petone 50 Nil

£ £ 24. Wellington Free Kindergarten Association 150 (100) 25. St. Joseph's Native School, Jerusalem 20 (20} [ 26. Wellington Girls' College Preparatory School 150 (100) 27. AH Saints' Children's Home, Palmerston North 100 (100) I 28. Sacred • Heart Nativo I School, Banana — 29. St. Anne's Convent, Daniel street 50 (50) 30. District Nursing Guild of St. John, Welling I ton 150 (75) 31. St. Anthony's Catholic School, Pahiatua 40 (40) 32. St. Mary's Church of England School, Levin 25 (25) 33. Anglican Boys' Homes i Society, Wellington ... 150 (75) ! 34. Home for Incurables, t Wellington 200 (100) [ 35. Home of Compassion, : Island Bay 200 (100) 36. St. Joseph's Orphan- ! age, Upper Hutt 300 (200) 37. St. Mary's Guild, Ka- . ,„ jori. , 150 (80) 38 St. Mary's Convent School., Foxfon 30 (30) | 39. St. Margaret's Parish School. Taihape 50 (50) 40. Maternity Home, KenI sington street 150 (150) ; 41. St. Joseph's Convent, Otaki _ _ 42. St. Francig de Sales' j School, Island Bay ... ,25 — I 43. Wellington Presbyterian Orphanage and Social ' Service Association ... 250 (200) 44. Mothers' Help Division 100 (50) 45. Plunket Society, Wellington, 300 (200) 46. Society for Protection of Women and Children 150 (100) 47. St. Joseph's Convent, Jerusalem 20 (20) 48. St. Brigid's Convent, Mangaweka 25 (25) 50. St. Joseph* School, Ohakune 50 (50) 51. Stewart Karitane Home, • Wanganui 100 (50)' 52. The Creche, Buckle street 100 (50) 53. Y.W.C.A., Wellington 100 (50) 54. V.M.C.A., Wellington 50 (50) . 55. St. Patrick's School, : Masterton ■ 50 (50) 56. Hunterville Children's Home 50 (N.A.) 57. St. Patrick's Parochial School, Kilbirnie 60 (60) 58.. Wellington Convales- , cent Home 150 (100) 59. Boys' Institute and S.A. Home for Boys' 200 (200) Children's Play Area ... 150 (150) 60. Girls' Friendly Society Lodge, Wanganui — (50) 61. St. Patrick's College, , Wellington I 62. Academy of Fine Arts 200 (100) 63. St. Stephen's Parochial day School, Marton ..... 50 (25) 64. Plunket Society, Carterton _ (N.A.) 65. Boys Scouts' Association 150 (75) 66. British and . Foreign Sailors' Society 200 (150) 67. St. Anne's Parish School, Newtown 50 (SO) 68. Discharged Prisoners' Aid Society, Wellington 100 (75) 69. St. Vincent • de Paul Society, Wellington .... 75 (35) 70. Catholic School, Seatoun —(N.A.) 71. Convent of Mercy, Dufferin street 50 (N.A.) 72. Navy League, Wellington ...:......... 50 (50) 73. St. Vincent de Paul' "V Society, Wanganui ... ' —(N.A.) 74. Royal Life-saving Society, Wellington 50 (50) •75. Society for Prevention of Cruelty to Animals ... 100 (50) 76. St. Anthony's School Committee, Gonville. ... — (N.A.)' 77. St. Andrew's Parish School, Levin j 78. St. Mary's Convent, Wanganui — 79. St.. Mary's College, | Guiiford terrace 100 (125) 80. St. John Ambulance Association, Wellington ... 100 (50) 81. St. Peter's, Taranaki Street Mission ] 200 (75) 82. Home for Destitute and Motherless Children ... 100 (100) 83. St. Mary's Primary i School," Cartefton 30 (30) 84. Paulina Rescue Home for Women 100 (100) i 85. Marist Bros' School, Tasman street 50 (50) 86. Community Club, Buck- ; le street 100 (N.A.) 87. Feilding Technical High. School (rural education) — (N.A.) 88. Feilding Chamber of . Commerce (rural education) _ (N.A.) 89. S> Patrick's School, Mangaweka , 25 (25). 90. N.Z. Nurses' Memorial Fund, Wellington ...... — (N;A ) 91. St. Matthew's School Marton (50) 92. St. Patrick's Parochial School. Palmerston North ...' 60 (60) 93. St. Peter's Young Women's Club ...; _^ (N.A.) 94. Workers' Educational Association 50 (50) 95. Parish School, Northland _ (75) 96. Guiiford. terrace Parish School _ (75) 97. Patients' and Prisoners' Aid Society, Wanganui — (N.A.) 98. St. Vincent's School, Castlecliff .-. . 25 — 99. St. John's Ambulance Brigade Overseas, Masterton _ (N.A ) 100. Marist Bros. School, Ha\Vkestene street ... 101. St. John Ambulance Association, Wanganui —(N A ) I 102. St. Peter's Church Day "■ ; School, Gonville ' 30 (30) 103. Home for Destitute and Orphan Boys, Island Bay • 75 (N.A.) 104. Salvation Army Men's Industrial Home, Miramar ■-•• 75 (N.A.) ("N.A." signifies new application.) In addition to the above, the sum of £1000 was set aside to be paid to the Victoria University College, this being an instalment of the sum (for the purpose of establishing the Macarthy School of Economics) which was previously authorised to be set aside at Ihe rate of £1000 per annum until the sum of £10,000, inclusive of interest had accumulated. The fund now stands at £9955. On the 3rd instant £10,000 had accumulated, and the fund was paid to the college authorities to be utilised for the purpose named. This brings the grand total distributed for the year to £9015.