HOCKEN MEMORIAL

Otago Witness, Issue 3019, 24 January 1912, Page 38

HOCKEN MEMORIAL

At a meeting of the Hocken Memorial Fund Committee, held on Monday afternoon, the Chairman (Mr A. Bathgate) moved as follows:—“That the subscribers to the fund bo recommended to authorise the payment of the Amount to the credit of the fund to , a trustee to be appointed, to be held on the following trusts —namely: (1) To invest the funds in any authorised trust investment, with full power from time to time to vary the sum ; (2) to pay the income arising therefrom to the University of Otago, for the pmpose of applying it (a) in the purchase of books, pamphlets, manuscripts, maps, -drawings, pictures, medals, weapons, articles of Maori manufacture, or other objects of historical or ethnological interest in any way relating to New Zealand, to be added to the Hocken collection now housed at the Otago Museum. (b) In payment of the ooet of building, framing, providing cases for, or otherwise protecting or preserving all or any of the articles mentioned in the foregoing paragraph, or others forming part of the Hocken collection, (c) In anj other manner to the benefit of the Hocken collection, provided always that the surplus only of the income in any year, after providing for the adequate expenditure in paragraphs (a) and (b) filial 1 be expended under this clause, and that_ the chairman, and the treasurer be authorised to execute a deed for and on behalf of the subscribers, sotting forth the foregoing trust.’’ After discussion, it was decided to defer consideration of the resolution to a meeting of subscribers to be convened for a later date, and that the present subscribed amount to the memorial fund of £llß2 18s 4d be placed at interest till a sum of £I2OO at least has accrued.

It was further resolved that the deputation which waited on the Otago University Council some months ago should again approach it to get a more definite reply as bo what the council proposed to do in regard to the collection. The resolution of the Finance Committee of the University Council bearing on the matter, forwarded to the committee, reads as follows; —’‘That tike council be recommended to make no definite arrangement regarding the upkeep of tho Socket* Library until it is known what funtie will he placed at tho council’s disposal.” The opinion was voiced that the University, having accepted tho custody of the collection, is bound to make adequate provision for its care, and that it was desirable to keep tho fund apart, and devote it expressly to seeing that the collection is kept up to date.