JUBILEE TRUST

Evening Post, Volume CXIX, Issue 108, 9 May 1935, Page 12

JUBILEE TRUST

THE FIRST GOAL

£4,000,000 CAPITAL

King George's Jubilee Trust, which was launched by the Prince of Wales on March 1 as a national thankoffering devoted to the welfare of the rising generation, has as its first goal a capital of £4,000,000 (states the "Daily Telegraph").

Commander J. B. Adams, secretary of the trust, explained that they wanted to get an income of £100,000 for immediate needs. "We are trying to get this income as well as at the same time building up a capital," he said.

"We first want a capital of £4,000,000, and we hope to get £2,000,000 by the end of the year. But we shall not stop there. We shall not rest until we get £4,000,000, and then the trust will remain open for ever as a permanent fund, like the King Edward VII Hospital Fund."

Commander Adams explained that many large contributions were already being given in the form of spread-over covenants of gift for a period of seven years, which will enable the fund to claim income tax rebates oh these donations, which will be used as spending income.

DURHAM PROBLEM.

Commander Adams, who has worked for many years in the North "of England, said that in Durham alone, for example, it had been calculated that by 1937 there- would be over 30,000 boys between the ages of 14 and 18 surplus to requirements—with no work and no hopes of getting work. It was for boys and girls like these all over the country that the fund would try to provide help.

"The real object of the trust is to give boys and girls in the distressed areas of the country a decent outlook on life," he said. Already contributions from all over the country, and many from distant parts of the Empire were reaching the trust headquarters at St. James's Palace, where Commander Adams and Admiral H. T. England and Major Ivor Hedley were working voluntarily as organisers. One contribution was of forty shillings from forty schoolboys, who had each contributed a shilling.

Commander Adams stated that help would begin to be given to various juvenile organisations in the autumn. "We must have some time to organise distribution," he said. "If we get a great sum before the autumn we may be able to start the work of the fund earlier.

LOW ADMINISTRATIVE COSTS.

"The Prince of Wales has decided that the trust shall be administered by a general council of fifteen or twenty members, selected by himself, wfto will arrange how the money is to be spent. Our ultimate goal is an income of £250,000 a year. We are running the fund with less administrative costs than anything of its kind that has ever been done before. It is hoped to organise special cinema shows in aid of the trust all over the country."

The trust has received a donation of £25,000 from the Imperial Tobacco Company (of Great Britain and Ireland) Limited. ' .