GRANTS TO GENERALS.

Press, Volume LX, Issue 18231, 15 November 1924, Page 13

GRANTS TO GENERALS.

CAPITAL NOT HANDED OVER. (by cable—j?ebs3 association— coptbigbt) (australian ' and k.z. cable association.) (Received November 14th, 10.40 p.m.)

LONDON, November 14.

Interest has been aroused by a statement by Field-Marshal Sir William Eobertson that, in the case of public grants to generals and others the Government nowadays, without Parliamentary authority, retains tho capital and gives the recipients only the interest thereon for three generations.

The "Morning Post" says it is true that the Public Trustee controls grants amounting to £585,000 made to officers in connexion with the Great War.

The Public Trustee, interviewed, said the arrangement was made under instruction from the Treasury that the grants take the form of a trust drawn upon for the normal term of three lives. The "Morning Post" adds that other enquiries indicated that tho arrangement was made in order to obviate difficulties which had arisen in the past, when certain recipients dissipated grants in such fashion that they required further assistance, being unable to maintain the positions they had won.

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