TERMS OF TRUST.

Waiapu Church Gazette, Volume V, Issue 6, 1 December 1914, Page 17 (Supplement)

TERMS OF TRUST.

The Donors of the Oranga Estate are transferring this Property to the Waiapu Board of Diocesan Trustees Incorporated m commemoration of the Centenary of the landing m New Zealand of the Rev. Samuel Marsden, and direct that, at the discretion of the Trustees, this land may be leased foi a term or terms of years, or sold, and, if sold, the proceeds of such sale be reinvested m land for leasing or re-sale or lent on first-class mortgage or other securities, and all the rents and income therefrom shall be devoted to the following purposes, within the area of the Diocese of Waiapu as at present constituted: — For the training and payment of a Guild of Teachers of Religion m the Primary or Secondary Schools m the Diocese, m accordance with the tenets of the Church, known as the Church of England m New Zealand; and m the event of such Religious Teaching being prohibited m the Public Schools, or its not being required for the above purpose, this income may be used for assisting or establishing Schools m connection with the Church of England, where such Religious Training will be given. The following New Trustees have been appointed: — Bishopric Endowment Trust. — Francis Logan, of Napier, Barrister; Charles Ellison, of Napier, Merchant; Walter Shrimpton, of Matipiro, Sheepfarmer; Frederic Wanklyn Williams, of Napier, Merchant; Yen. Archdeacon D. Ruddock (vice Sir W. R. Russell, deceased). Waerenga-a-Hika Trust, Incorporated.— Bishop W. W. Sedgwick vice Bishop Averill, resigned.. The following Trusteeships were dealt with under the provisions of General Synod, Title F., Canon I, Clause 14: — Te Aute Trust Board, Incorporated.— Right Rev. Bishop Sedgwick (vice the Right Rev. Bishop Averill, resigned); Mr. Harold Arthur Russell, of Apley, Sheepfarmer (vice Sir W. R. Russell, deceased); Mr. J. N. Williams (re-appointed). Waiapu Board Diocesan Trustees, Incorporated. — Messrs. Charles Ellison and Bernard Chambers, re-appointed. Waerenga-a-Hika Trust, Incorporated. — Mr. Charles Gray and the Bishop of . Waiapu, re-ap-pointed; Mr Heta Te Kani Tuhoe, of Poverty Bay (vice Mr. Winiata Te Hata, retired by effluxion of time). . Bishopric Endowment Trust, Incorporated.— Yen. Archdeacon D. Ruddock and Mr J. N. Williams, reappointed. East Coast Native Pastorate Trust.— Mr AH Wallis, re-appdinted. WM. WALMSLEY WAIAPU, " President. Napier, 4th September, 1 91 4.

REPORT OF THE WAIAPU BISHOPRIC ENDOWMENT FUND, (INCORPORATED), TO THE DIOCESAN. SYNOD, SEPTEMBER, 1914. Trustees.— Mr. J. N. Williams, Mr. F. Logan, Mr. J. H. Coleman, Mr. W. Shrimpton, Mr. F. W. Williams, Mr. C. Ellison, Yen. Archd. Ruddock. The Trustees herewith present to the Synod the Annual Statement of Accounts for the year ended 30th. June, 1914. During the year the Waiapu Endowment Fund Extension Committee handed over, a further sum of £i$O m to the Funds of the Trust, and the H. and W. Williams Memorial Trust paid the sum of £238 5s 6d being the difference m values on an adjustment of boundaries of the St. Lawrence property. These two sums have been added to' the Capital of the Fund which now stands at £19,206 7s. ?d. Since last year the number of Trustees has. been increased from three to seven and the personnel of the Trust has been changed through the death of Sir W. R. Russell and the resignation of Mr. C. H. Edwards. The Trustees desire to place on record their appreciation of the valuable services rendered to the Trust by both these gentlemen whose loss is greatly regretted. The vacancies have been filled by the appointment of the Yen. Archd. Ruddock and Mr C. Ellison. W.J. PALLOT, Secretary.