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TO FIGHT DISEASE

FORTUNE BEQUEATHED TO SCIENCE. CHRISTCHURCH MAN LEAVES £57,100. The interest on fW* sum of £57,100 is now available foiNresearch work into cancer and consumption in New Zealandr „ This amount comes from the estate of the late Mr. William Henry Travis, a tanner, of Christchurch, who died in June last. After the payment of atamp dutie 9 amounting to £14,329, and legacies amounting io £7500, the balance to the credit of the capital account was £5.7,100, states Mr. Herbert Pearce, a trustee, who prepared the accounts up to June 30 of this year. The credit to the income account, as at the date of the balance-sheet, was £2494, but income tax was still to he paid out of this amount. Under the terms of the will_tne whole of the income from the residuary trust funds .of. the estate is to be applied in assisting persons who, to the satisfaction of the trustees, have proved themselves capable m the prosecution of scientific . investigation in New Zealand, which may result in the discovery of remedies or cures for, and resisting and eradicating, consumption and cancer. ■lt was not Mr. Travis’ desire that the trustees should confine the application of the income to giving scholarships only, but that the funds should rather be applied in assisting in such investigations, some advanced students or medical practitioner, who could also, if he wished, have a private practice. The will states that any income not expended in any one year should be accumulated and used in a subsequent year. _■ The trustees of the estate are Mr. Pearce and Mr. 01.8. Bergh, both of Christchurch. Up to. the present they have not decided the details of the” manner in which the money wall be expended, but they lia.ve decided to ask Dr. G. J. Blackmore, the retiring director of the North Canterbury Hospital Board’s tuberculosis institutions, Dr. P. C. Fenwick, of the radiun department of the plirisichurch Hospital, and Dr. A. B. Pearson, pathologist, at the Christchurch Hospital, td confer with them ■ on the subject. The Government has been approached! for a remission, ’as, the money wais all for the benefit-cn humanity. The Minister of Finance, the Hon. W. Downie Stewart, however, had decided that this could not be done, as it > was probable that Mr. Travis • realised the death duties 'would have to be paid, and to remit them would amount to altering hits will. . Tho trustees have been given power under the will, if consumption and cancer were effectually ■ coped with, to transfer the income of The trust for > the . purpose of combating such other diseases as' they may decide.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/GIST19281009.2.16

Bibliographic details

Gisborne Times, Volume LXVIII, Issue 10712, 9 October 1928, Page 3

Word Count
437

TO FIGHT DISEASE Gisborne Times, Volume LXVIII, Issue 10712, 9 October 1928, Page 3

TO FIGHT DISEASE Gisborne Times, Volume LXVIII, Issue 10712, 9 October 1928, Page 3