APPLICATIONS FOR GRANTS

Nelson Evening Mail, Volume LXIII, 29 July 1929, Page 2

APPLICATIONS FOR GRANTS

On account of the large amount available for distribution in terms of tin* charitable trust the dealing with applications for grants from it is of very great importance, seeing that the late Mr Maeartliy did not specify the objects of his bounty but merely indicated his general intentions permitting the distribution to remain entirely at the discretion of the hoard of governors. 'Flic handling of the applications is all tin* more important, in order to ensure that the trust, is administered in the spirit which actuated the late Mr Alaearthy in establishing' it unhampered bv numerous restrictions. Certain broad principles are followed as far as the nature of the distribution renders practicable. As .a rule no grant is made to an institution that lias Hot commenced to function and lias therefore given no evidence of its usefulness and the benefit' it will effect or the success with which it will meet. In regard to established institutions activities in obtaining money from sources other than the trust, the efforts made to help themselves, the voluntary work done by supporters and yhose responsible, as well as the worthiness of the object, are all taken into account. As a general rule accumulation of income does not receive favourable consideration for if this were the continued policy of an institution the purposes of. the trust would be largely negatived by granting an amount (o such ail institution out of the trust. Each application falling within the scope of the trust is considered on its merits. In response to newspapers advertisements inviting applications for grants, J.‘l.'i applications, of which 14 were new ones, were received, as compared with 143 last year. No doubt tlie reduction in the number of applications is due to tin* fact that certain religious bodies have decided not to accept on behalf of institutions under their control assistance from a trust a portion of the revenue of which is derived from the liquor trade. His Excellency the Governor-General in stating that the present meeting of the Board of Governors be the last at which he would preside, congratulated the Public Trustee on the care and efficiency with which the trust had been managed and carried out. His Excellency also expressed the gratitude of the Board of Governors In the Advisory Committee and the Public Trustee for (he manner in which the applications had been submitted for consideration. On behalf of himself and the Board of Governors he congratulated the Public Trustee ori the honour recently conferred upon him by Ilis Majesty the King.

THE YEAR’S GRANTS The Public Trustee reported that the advisory committee had held its animal mealing on lltli July. 1929. for the purpose of considering the applications which had been received, and it had recommended the distribution of £15,000. being the largest amount yet distributed in any one year since the trust, commenced to operate. He also reported that at that meeting, he had been directed by the advisory commit lee to convey to the board, the following resolution which had been passed by tin* committee:— ‘‘That the Public Trustee be congratulated on the manner in which the applications for grants had been investigated and submitted for consideration, and on the care and attention which had been devoted by the Public Trustee and his staff to have all necessary information placed at tin* disposal of the committee to enable it, to come to its conclusions.” The recommendations of the advisory committee were adopted by the board of governors. THE ORIGIN OF THE TRUST The trust, arises under the will, dated 19th .May. 19011, of tin* late Tlmmas George Maeartliy, of Wellington, brewer. who owned the City and Phoenix Brewery, now conducted by tin* Rublie Trustee as part of the assets of the estate. The deceased lived in Wellington for many years, and died on 19t It August. 1912. The will appoints tin* Public Trustee of tin* Dominion sole executor and trustee. After payment of certain annuities, one half of tin* annual income from the residuary estate is paid to a life tenant in terms of the will. The remaining moiety of tin* annual income of the residuary estate is distributed each year between charitable or educational institutions or purposes in the provincial district of Wellington, at the discretion of a special hoard of Iruslees mentioned in the will. On the deatli of tin* life tenant tin* whole of tin* capital and income of the estate, subject, to any annuities still payable,

becomes available for (lie said charitable trusts. The final liulanee of the whole estate for duty purposes was £.SS!).OS!) 17s Sd. Legacies amounting to £10,0(10 were paid under the will, and estate and succession dutv amounted to £OO.101 Ills Sd.