TEE MACARTHY TRUST.

New Zealand Herald, Volume LXVII, Issue 20628, 29 July 1930, Page 12

TEE MACARTHY TRUST.

DISTRIBUTION OF £14,500

WELFARE BODIES BENEFIT

AMOUNT OF £1 53,000 SINCE 1913

[BY TELECIUrn.—-OWN COTU'.ES PONDENT.] WELLINGTON, Monday.

Distributions amounting to £14,500 among charitable and educational institutions were authorised at tho annual meeting or tho governors of the 'J'. G. Macarthy Trust to-day. In tho 17 years of its existence, tho trust has distributed £153,027. The first allocation of £2550 was made in 1913, and since that year almost overy allocation has exceeded its predecessor. A sum of £15,000 was distributed last year. Tho Governor-General, chairman of the board of governors, presided at the meeting. Tho other members of tho board arc tho Primo Minister, the Mayor of Wellington and Archbishop Redwood. Tho assets of the estate aro held by the Public Trustee, who is chairman of an advisory committee of leading Wellington citizens.

His Excellency said that he would like to take the opportunity of congratulating tho provincial district of Wellington on the existence of such a valuable trust, and also on tho skill, prudence apd wise discrimination that had been displayed in its administration by tho Public Trustee. Ho also desired to place on record the appreciation of the board of the labours of tho Public Trustee and the advisory committee in connection with tho preparation of the recommendations, and the thanks of tho hoard for the valuable assistance which had been rendered.

Increase in Taxation. The Public Trustee's report stated that the year's operations had been successful. Although tho amount available for distribution was smaller than in the previous year, this was not duo to deterioration of the estate assets or a permanent decline in their earning power. A heavy increase in national and municipal taxation had been responsible for additional charges against tho revenue of the estate. The gross revenue for tho year exceeded that for the previous year. The full incoino of the estate would not be available for charitable and educational purposes, until the devolution 'Ol certain special trusts and the termination of certain life interests under tho will. At prcscit half of tho residuary income of the estate was distributable among tho eligible institutions and objects. Following tho usual procedure, the Public Trustee inserted advertisements in the newspapers inviting applications for grants, the report added. A total of 150 applications, of which 14 were new ones, were received, compared with 153 last year.

Details of Allocations. Following is a list of tho grafts of £2OO or over authorised to-day, all-tho institutions named having their headquarters in Wellington unless otherwise specified:— City Mission and St. Joseph's Orphanage, Upper Hutt, £750 each; Home of Compassion, £700; Boys' Institute, £650; Plunket Society, £600; Home for Incurables, £550; Boys' School, Nai Nai, and New Zealand branch of the British Empire Cancer Campaign Society (for tho society in Wellington), £SOO each; St, Mary's Guild and Free Kindergarten Association, £459 each ; Anglican Boys' Home Society, £400; Citizens' Day Nurseries, £350; Salvation Army Men's Shelter and Samaritan Home, £275; British Red Cross Society, and Mothers' Hclpei's, £250 each; All Saints' Children's Homo, Palmerston North, £225; Alexandra Home, British Sailors" Society, Discharged Prisoner's' Aid Society. Now Zealand Academy of Fine Arts, Women's National Reserve, Roman Catholic Parochial School (Lower Hutt), Salvation Army Paulina Home, St . Vincent do Paul Society and Y.W.C.A., £2OO each. Other grants rango from £lO upwards.