THE BENEVOLENT INSTITUTION CARNIVAL.

Otago Daily Times, Issue 4732, 18 April 1877, Page 3

THE BENEVOLENT INSTITUTION CARNIVAL.

. A meeting of the Carnival Committee was held at the City Council Chambers yeaterday afternoon. The following members were pre* *>nt: —His Worship the Mayor (in the chair), Messrs Esmond, Hudson, Scoular, Murray Douglas.Beveridge, andFargie, fi™*? 0*? e?P la. ined that after voting ijWOOto tne Institution, the Carnival Executive had not until very lately received any communication from the management of the former. He had since had several conversations with Mr btrode.about investing the LISOO The Institution-had had such large calls upon its funds that it had been obliged to spend the whole of that sum, but out of the subsidy it bad received from the Government it proposed to invest LISOO. No fitting investment had as yet turned up. There was one allotment of land in Crawford street, which it was thought might be had for LIOOO, and was now yielding 1i55 a-year. He, himself, had suggested building societies as an investment, as being likely to return 9 per cent. The Mayok mentioned that the City subsHy for the half year (of L 4677) had been received on Saturday, and from the amount due the Government had deducted L1350.f0r charitable aid.

Mr Douclas read the following letter from the secretary of the Benevolent Institution :—

VAt the weekly.meetinsr of the Committee, held on Wednesday last, the following resolutions were passed • o£ I)y™T h 1 S: StrOde' and <*condedby Mr R-BMartm-"That the.sura of £1560, the amount received as subsidy from the Government on the amount handed over by CarnivU Committee, should be invested in the purchase of city or suburban freehold property.". Proposed by Mr John Hislop and •ecandedbyMr C. H. Street-" Th»t ten members of the Carnival Committee T)e placed on the list otiife governor* of the Inatitute, and that the Chairman ft?r DtK Tl^ and Secretary be of the nul»ber; *u& further, that the.c gentlemen be req-iested to nomiS?^w V«"!i add» ition to themwlve 8 » I am to add that Mr Strode, President of the liiatitution, has been deputed to confer with the Chairman of the Carnival Committee as to further action

, f^ r discussion, it was resolved to associate Mr Jidmond, the hon. Treasurer, and the hon Secretary, with Mr Strode in determining in what manner to invest the money, and it was lefrto Messrs Turnbull, Edmond, and Douglas to.draw lota for the seven membeiß of. Committee to be nominated as Life Governors. . IA e I T e was,also some discussion as to the desirability of holdinganother carnival this year; but toose present were divided in opinion on the subject; ,;• ;The;-Mayor thought as much ?,X d d?n^y .canvass of the Oity. Others thought a threeor four days' carnival could easily,be made the means -of rawing- L 750, and. that the new. Museum would beasmtableplacetoholditin. - ■" Mr ; Douglas .considered that by raising such i an amount the necessity for a poor rate, which must come soon, would be staved off for a iittio. - ■- - . . ... _

? t TOR : There wiU have to be a special rate for the support of charitable institutions '1 J B hospital .Those who.are best able will then be obliged to contribute according to their means, and I believe the Government wlliintroduce a measure in that direction next session; ■-••'• > ■ ' :..-... . ;.

The meeting was adjourned till to morrow week,/when the' matter- will be further considered! ; . , - . .'; ..