T. G. MACARTHY TRUST

Grey River Argus, 28 July 1931, Page 2

T. G. MACARTHY TRUST

—* J TOTAL OVER £167,000 ' ( This Year’s Distribution j - t • i WELLINGTON, July 27. ' A', a time like the present when there ' is so much distress throughout the i world,, the operations of this well- ' known trust cannot fail to attract ' special attention on .the part of the pub-I' lie. The trust was created by the late ' | Mr T. G. Macai* hy and since his death 1 in 1912 over £167,000 has been distri- ' buted for charitable and educational objects. This year there is £14,000, 1 available for the purposes of the .trust!' and the allocations will show that partieular attention has been given to the ■ relief of poverty and' distress. The following table shows the allocations each year since the inception of the trust:—• Year £ 1913 2,530 1914 7,325 1915 7,070 1916 . . .' 6,880 1917 5,790 1918 5,112 1919 . . 6,545 1920 ' . . 6,785 1921 . . 6,860 1922 9,015 1923 9,350 I 1924 10,125 I 1925 12,040 I 1926 13,600 I 1927 ' . . 14,500 ' 1928 15,000 j 1929 14,500 | 1930 14,000 I — I Total £167,027 GOVERNORS MEET. The annual meeting of the Board of Governors of the T. G. Maearthy Trust was held at Government House yesterday. There were present: His I Excellency the Governor-General (Lord Bledisloe), .the Prime Minister (the Rt. ' Hon. G. W. Forbes), His Grace ArchI bishop O’Shea, His Worship the Mayor (Mr T. C. A. Hislop), the Public TrusI tee (Mr j. W. MacDonald, C.M.G.) I chairman of the Advisory Committee to | the Board of Governors. Mr W. G. i Baird, Assistant Public Trustee, was also present. The Public Trustee submitted his annual report, balance sheet, and accounts in respect of the administry ion of the trust, and also the report of the estate auditors, Messrs Clarke, Menzies, Griffin and Boss. He pointed out that the full income of the estate woyld not be, available for charitable and educational purposes until the happening of certain even s mentioned in ,the will. At the present time one-half of theresiduary income of the estate is distributable amongst the eligible institutions and. objeo s. The Public Trustee reported that notwithstanding the depressed conditions prevailing, the result .of the year’s ' operations was very satisfactory. He explained tha»‘, although .the amount, available for distribution was somewhat, smaller than that for the previous twelve months, this was due simply to the heavy increase in taxation, both national and municipal, - which was responsible for a decided but. unavoidable addition to the outgoings in respect of the assets from which the income ifi .derived; also to the necessity for increased provision for reserves. Not- ' withstanding this the net amount available for distribution by the Board ! of Governors was only £5OO less than | the previous year. J* was pleasing to I note th«t the gross revenue for the year exceeded that for the previous year. ' The Public Trustee macle reference to the over-supply of shop, office and warehouse accommodation due to the extensive building operations which have I been carried bn in the larger 'owns during the past few years. This is teausing a falling tendency in the rents | which can be obtained, which is accentuated by the general decline in business returns throughout the community. | CITY AND PHOENIX BREWERY. ' The late Mr Maearthy was the ptopriei or of the City and Phoenix Brewery, and since his death it has been controlled by 4;he Public Trustee. The. Public Trustee reported that year ■by yaar the busteess has been steadily ! developed and the results achieved show that it is well managed and that, its products Red Top Ale, Brown Stout,; | and Fifty-fifty Ale and Stout are find-,, ing increasing favour with the public. The operations for the past year have' been' most satisfactory. I i APPLICATIONS FOR GRANTS. As in former years the Public Trustee inserted in the newspapers advertise-'i ments* inviting applications for grants, i The applications received total 142. of i which 13 are. from applicants who have not previously requested assist- ! a nee from the trust. THE YEAR’S GRANTS. i On account of the widespread poverty aud distress, in the consideration of the . applications special attention has been • directed to the eleemosynary side of the eligible objects and accordingly • increased allocations have been made

for relief work. [j The Public Trustee reported that the • , Advisory Committee had held its annual' : meeting on the 14th July, 1931, for the, •purpose of considering 'he applications 1 which had been received and it recommended the distribution of £14,000. The' recommendations of the Advisory Committee. were adopted by the Board of ’ Governors' and the following list gives details of the applications received and the grants approved (last year’s donaj lions are shown in parentheses, and I where no comment appears, no application was received. “N.A. V signifies “new application”): — Alexandra Home, Wellington, £lOO

(£200); All Saints’ Children’s Home, Palmerston North, £225 (£225); Anglican Boys’ Home Society, Wellington, £4OO (£400) ; Boy Scouts ’ Association, Wanganui, Nil; Boy Scouts’ Association, Wellington, £5O (£100); Boys’ Institute and S.A. Rhodes Home for Boys, Wellington, £5OO (£650); Brigidine Convent, Carterton (the grant to be ex- ! pended for school purposes) £75 (£75); ■ Brigidine Convent, Foxton (the grant ; to be expended for school purposes), £75 (£75); Brigidine Convent, John- i sonville (the grant to be expended for school purposes), £lOO (£75); British Empire Cancer Campaign, Wellington ' Division, (the grant to be expended solely in furthering the activities of the Society in Wellington) £250 (£500); British Sailors’ Society, Wellington, £2OO (£200); Catholic Infant School, Miramar, £5O (N.A.); Catholic School, Otaki (the grant to be expended for school purposes) £25 (nil); Citizens’ Day Nursery, Wellington, £3OO (£350); Civilian Blind Advisory Committee, Wellington, £5O (£100); Convent of Mercy, Marton (the grant to be ex- ’ pended, for school purposes), £5O (£50); Convent of Mercy, Palmerston North (the grant to be expended for school ! purposes) £l5O (£150); Convent School. Karori (the grant .to be expended for school purposes), £QO, N.A.; Creche, Wellington, £lOO (£125); District Nurse Association, Feilding, £lOO ; (£100); District Nurse Committee, Paekakariki, £25 (£25); District Nurse Committee, Petone, £5O, N.A.; District Nursing Guild of St* John, Wellington, nil (£50); District Nursing League, Wanganui, £5O (£75); Discharged Prisoners’ Aid Society, Wellington, ! £l5O (£200); Featherston County Schools’ Library Association, nil (£25); Free Kindergarten Association, Lower Hutt, £5O (£50); Free Kindergarten Assn., Wellington, £4OO £450); Girl Guides’ Assn., Wellington, £3O (£50); Home of Compassion, Island Bay, £7OO (£700); Home for Incurables, Wellington (includes a special grant of £9O .this year for relief of the poor in the City of Wellington), £640 (£550); Kai Iwi School Committee, Wanganui, 'nil (nil); Levin Memorial Home, ‘Wellington, £lOO (£150); Lewisham Hospital, Wellington, nil (nil); Boy Scouts’ Assn., Palmerston North, nil, N.A.; Marist Brothers’ School, Hawkestone Street, Wellington, £75 (£75); Marist Brothers’ Primary School, Tasman Street, Weliiigton, £75 (£75); Masted on Schools’ Library Committee, nil, N.A.; Masterton East Public School, nil (nil); Mothers’ Helpers. Wellington, £2OO (£250); Mount Carmel School, Hataitai, £25 (nil); Navy League, Wellington, nil (nil); New Zealand Academy of Fine Arts, Wellington, £.1,00 (£200); N.Z. Amateur Swimming A • sn. (Wellington Centre), nil (nil); N.Z» Free Ambulance Transport Wellington, nil (£150); N.Z. Society for Protection of Women and Children, Wellington, £5O (£75); Northland Convent School, £5O (£50); Parochial School, Lower Hutt (Catholic), £2OO (£200); Plunket Society, Bulls, £lO, N.A.‘; Plunket Society. Carterton, £6O (£60); Plunket Society. Eketahuna, £5O (£50); Plunked Society, Feilding, £6O (£60); Plunket 'Society. Featherston, nil (nil); Plunket Society, Foxton, £6O (£60); Plunket Society, Greytown (of the grant of £6O, £35 is to be allocated to general purposes and £25 to the building fund of the Society) £6O (£35); Plunket Society, Levin, £5O (£50); Plunket Society. Lower Hutt,. £llO (£110); Plunket Society, Masterton. £6O (£60); Plunket Society, Pahiatua, £6O (£60); Plunket Society,' Petone, £125 (£125) ; Plunket Society, Shannon, £3O (£15); Plunket Society, Upper Hutt, £lOO (£100); Plunket Society, Waikariae, £l5 (£15); Plunket Society, Waikanae, £l5 £15); Plunket Society, Waimarino, £5O (nil); Plunket Society, Wanganui, £125 (£125); Plunket Society, Waverley, £25 (£2.5); Plunket Society. Wellington, £5OO (£600); Poring Mental Hospital Radio Fund, £5O, N.A.; Primary Convent School, Levin, £25 (£25); Rangi t’kei Schools’ Central Library Assn., nil (£10; Red Cross Society—Peacetime Division, £2OO (£250); Royal Life Saving Society, Palmerston North, £lO (£25); Royal Life Saving Society, Wellington, £lO (£25); Sacred Heart School, Petone, £lOO (£75); Sacred Heart School, (Thorndon), Wellington, £75 (£75); St. Anne’s School, Wellington South, £75 (£75); St. Anthony’s School, Seatoun, £5O (£50); St. Barnabas’ Babies’ Home Society, Wellington, £l5O (£175); St. Brigid’s Convent, Mangaweka, £25 (£25); St. Catherine’s Convent, Kilbirnie, £lOO (£100); St. John Ambulance Assn., Carterton, nil (nil); St. John Ambulance Assn., Wanganui, £25 (£25-); St. John Ambulance Assn., Wellington, £5O (£50); St. John Ambulance Nursing Guild, Palmerston North, £25 (£50); S'. John Ambulance Brigade, Masterton, nil; N.A.; St. Joseph’s Convent, Jerusalem (school and charitable purposes), £5O St. Joseph’s Convent, Ohakune, nil St. Joseph’s Convent, Taihape (school purposes) £25 (£25); St. Joseph’s Girls’ Parochial School, Wellington, £5O (£50); St.-Joseph’s Orphanage, Upper Hutt, £750 (£750); St. Madeline Sophie Barat School, Island Bay, £5O (£50); St. Mark’s School, Wellington, £5O (nil); St. Mary of the Angels’ Convent School, Wellington, £75 (£75); St. Mary’s Catholic Primary School, Foxton, nil (nil); St. Mary’s Guild, Wellington, £450 St. Patrick’s Parochial School, Palmerston North, nil (nil); St. Patrick’s Primary School, Kilbirnie, nil (nil); St. Peter’s Church Day School (Primary), Wanganui; St. Thomas’s Boys’ School, Nai Nai, £5OO (£500); St. Vincent de Paul • Society, Palmerston North, £5O (£50); St. Vincent de Paul Society, Wanganui, £75 (£75); St. Vincent de Paul Society, Wellington (includes a special grant of

£lOO this yeaf for specific expenditure on poor relief in the City of Welling- ' ton), £350 (£200); Salvation Army Ce- [ celia Whatman Home, Masterton, £lOO ! (£100); Salvation Army Eventide Home for Aged Ladies, Island Bay, nil (nil); ‘Salvation Army Home (Girls’ Home), Owen Street, Wellington, £l5O <(£l2s); ’Salvation Army Maternity Home, Wellington, £125 (£125); Salvation Army • Home for Destitute and Orphan Boys, . i Wallaceville, £125 (£125) • Salvation ' Army Men’s Industrial Home, Mira- . | mar, £l5O (£150); Salvatidn Army j ‘ Men’s Shelter and Samaritan Home, 1 Wellington (includes a special grant of I £lOO for poor relief in Wellington),

£375 (£275);, Salvation Army Home, Owen Street, Wellington, £lOO (£200); Sarjeant Art Gallery, Wanganui, £5O (,£50); S.P.C.A., Palmerston North, nil (nil); S.P.C.A., Wanganui, nil (nil); S.P.C.A., nil (£20); Karitane Home, Wanganui, nil (nil); Karitane Hospital, Wellington, £lOO (£100); Victoria Uni- 1 versify Social Service Club, £45 (£25); Women’s Borstal Assn., Wellington, £25 I (£50); Wanganui Orphanage, £5O; Wei- j ling'on City Mission (includes a special , grant of £l5O this year for poor relief | in Wellington), £9OO (£750); Welling- ■ ton Convalescent Home, nil (nil); Weilingtpn Hostel for Returned Soldiers j and Sailors, £lOO, N.A.; Wellington • Federation of Women’s Institutes, nil | (nil); Women’s Division of Farmers’ Union (Community Chest Account), i Wellington, £5O (£50); Women’s. Najional Reserve, residential nursery, £2OO (£200); W.E.A., Feilding, £lO (£10); I W.E.A., Levin, £lO (nil); W.E.A., Pal- j merston North, £lO (nil); W.E.A. Wa- 1 nganui, £lO (£10); W.E.A., Wellington,! £5O (£50); Masterton, £5O ( (£50); Y.M.C.A., Palmerston North, £25, N.A.; Y.M.C.A., Wanganui, £25 j (£50); YM.C.A., Wellington, £lOO (£100); Y.W.C.A., Plmerston North, £5O (£25); Y.W.C.A., Wellington*. £2OO (£200); Ohakune School Dental Clinic,, nil (nil); Institute de Notre Dame des Missions, Lower Hut/, nil. Total £14,000.

ORIGIN OF THE TRUST. The Trust arises under the will, dated 19th May, 1906, of the late Thomas George Maear.thy, of Wellngton, Brewer, who owhed the City- and Phoenix Brewery, now conducted by the Public Trustee as part of the assess of the setate. The deceased lived in Wellington for many years, and died on 19th August, 1912. The will appoints the Public Trustee of the Dominion sole executor and trustee. The final balance of the whole estate for duty purposes was £389,689 17s Bd, but the value has greatly increased since then. The will directs that the Board of Trustees shall-be: His Excellency the Governor-General, the Prime Minister, the Mayor of Wellington, and the Roman Catholic Archbishop of the Archdiocese of Wellington. ASSETS OF WHOLE ESTATE. The estate is a valuable one, and with care and development may be expected to increase in value in the future. The assets of the whole estate are now valued at more than £500,000 and comprise;—(l) Freeholds: (a) Hotel properties (town and country); (b) city shop and warehouse properties; (c) city residential properties. (2) City and Phoenix Brewery; (3) Mortgages on freehold lands. (4) Shares and debeiK ures: Large holdings in wellknown public, companies. Only one-half of the income of .the residuary estate is distributed to charities. The said assets are unencumbered except to the Public Trust Office as security for amounts advanced by he Public Trustee in respect of financial assistance afforded to the estate. . Under the terms of the will the whole control hnd management of the estate is vested in the Public Trustee, the only duty of the Advisory Committee and of the Board of Governors being to meet annually and sanction tne grants made to institutions out of hat portion of the income which is devoted to charitable and educational purposes. THE HENRY WILSHAW TRUST. In addition to the allocations in the Maearthy Tru.<, at the meeting to-day the Board of Governors dealt with the Henry Wilshaw Trust. Under the Thomas George Maearthy Trust Act, 1912, the Board are empowered to accept other trusts for charitable or educational purposes ei'her generally or as specified in the will or other trust instrument. The late Mr Henry Wilshaw, Gardener, of Wellington, who died on the 2nd February, 1930. availed himself of this statutory provision and has directed the Public Trustee, who is his executor and rustee, to hold the residue of the estate for such charitable purposes in the Province of Wellington as the Board of Governors of the Thomas George Maearthy Trust shall direct. The will is dated 25th June, 1928, and probae thereof was granted to the Public Trustee on 19th March, 1930. If has not yet been possible to complete the administration of the estate but there is now available for distribution the sum of £750. Seeing that there is so much unemployment and distress in the community it was advisable to devote this sum exclusively to relief purposes and accordingly the follow'ng grants were passed, as recommended by the Advisory Committee: — £ Salvation Army 200 Home for Incurables, Buckle St. 100 St. Vincent de Paul Society, Wellington 150. .Wellington C'ty Mission . . . . 200

Mothers’ Helpers • • •• x--. 100 Thetfe amounts arc to be applied solely for .-he relief of distress in the Provincial District of Wellington. (Per Press Association.) WELLINGTON, July 27. At the annual meeting of the Board of Governors of the T. G. Maearthy Trust, held today, the Governor-Gen-eral, Lord Bledisloe, presided. The Advisory Committee recommended the distribution of fourteen thousand pounds, and this, was adopted. The Public Trustee stated the result of the year’s operations was very satisfactory. The net amount available for distribution was only five hundred pounds less than in 4he previous year.