MCCARTHY TRUST
£11,130 DISTRIBUTED FOR YEAR j [Per Pres* Association Copyright.} WELLINGTON, August 6. The annual meeting of the T. G. MaCartiiy Trust was held and allocated £11,130; bringing the total since 1913, when tlie first allocation was made, to £200,807. The applications numbered 157, compared with 156 last year, and covered a wide 'range of objects, concerned, with charity and education. Last year the allocation was £10,145. The Public Trustee advised that difficulties; were still being experienced in the administration of tlie Trust, owing tb the existing economic ijond.itions and compulsory reduction in rent and interest; and increasing taxation, but notwithstanding these matters it was pleasing to report that the sum of £9,000 would be available for distribution. During Mrs Macarthv-Reid’s life time only one half of the residuary income was distributed to charities, but as from July 1, 1934, will now be in view of her death, the whole income available for this purpose, and consequently there would be a sum at the disposal of the Board of Governors for distribution next year. In view, however, of the acute distress still existing, the Board of Governors resolved to increase the aniount I to be distributed this year to £11,130.
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Bibliographic details
Hokitika Guardian, 7 August 1934, Page 8
Word Count
201MCCARTHY TRUST Hokitika Guardian, 7 August 1934, Page 8
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