BEQUESTS UNDER WILL

Southland Times, Issue 22240, 3 February 1934, Page 10

BEQUESTS UNDER WILL

TO ENCOURAGE EDUCATION. UNIVERSITY TO BENEFIT. Provision is made in the will of the late Mr James Waddell Smith, retired schoolmaster, for bequests totalling £2OOO for the purpose of encouraging education, and of this amount the University of Otago will benefit to the extent of £l5OO. It is set out that the amount of £l5OO is to be held by the University for application in perpetuity for the promotion and encouragement of education at the University, which is to establish and maintain a scholarship to be called “The Waddell Smith Scholarship,” to the annual value of £5O. It is provided that the scholarship should be awarded for proficiency in the subject of education, and any person to whom the scholarship is awarded would be required to declare his or her intention of continuing in the profession of teaching in New Zealand. The scholarship is to be awarded at such intervals and on such terms as shall be prescribed by regulations to be made by the council. A further sum of £5OO has been bequeathed to the Otago Education Board to be held by the board upon trust to invest and pay the net annual income arising to the head master of the High Street School to be applied as follows: —£lo, or one half of the net annual income, shall be awarded in each year as a bursary or scholarship to be known as- “The Waddel Smith Bursary,” to each of them, the boy and girl, in the senior class or standard at the school who shall be adjudged the most suitable recipients by a committee, which shall have regard to the scholastic ability and attainments of the candidates, their fondness for and success in appropriate outdoor sports, their personality and character, their popularity amongst their school-fellows, and the probability of their being a credit to the school.