MACARTHY GRANTS

Sun (Auckland), Volume IV, Issue 1036, 29 July 1930, Page 14

MACARTHY GRANTS

TOTAL OF £153,000 GIVEN ANNUAL MEETING HELD More than £163,000 has been distributed between eligible institutions and organisations by the Alaearthy Trust, since its inception in 3 913, the amounts having increased from £2,530 in 1913 to £15,000 in 1928 and £14,500 in 1929. Thu annual meeting of the board of governors of the Macarthy Trust was held in the executive council room, Government Buildings, Wellington, yesterday. His Excellency, the GovernorGeneral, Lord Bledisloe. the Prime Minister, the Rt. Hon. G. W. Forbes, Archbishop Redwood, and the Mayor of Wellington, Mr. G. A. Troup were present, and also the public trustee, Mr. J. \V. Macdonald, chairman of the advisory committee to the board of governors. His Excellency, the Governor-Gen-eral said ho would like to take the opportunity of congratulating the provincial district of Welington on the existence of such a valuable Trust and also on the skill, prudence and wise discrimination displayed in its administration by the Public Trustee. In his annual report the public trustee said that despite the depressing state of the times the year’s operations had been successful, and although the amount for distribution was smaller than that for the previous year it was not due to a deterioration of the assets or a permanent decline in their earning power, but simply to the heavy increase in taxation, both national and municipal. The revaluation of Wellington for rating purposes had resulted in additional charges against the revenue of the 'estate of more than £2,000 on account of increased rates and land-tax. However, the gross revenue for the year considerably exceeded that of the previous year. The full income of the estate would not be available for charitable and educational purposes until the devolution of certain special trusts and the termination of certain life interests granted under the will. At the present time one-half of the residuary income was distributable among the eligible institutions and objects. In answer to the usual procedure of advertising, inviting applications for grants, 150 applications, of which 14 were new ones, were received, compared with 133 last year. The following resolution was passed by the board of governors: The public trustee reported that the advisory committee had held its annual meeting on June 11, 1930, and it had recommended the distribution of £14,500. The recommendations of the committee were adopted and grants totalling this amount were approved. Principal donations are as follow: Anglican Boys’ Home Society, Wellington, £400; Boys’ Institute, Wellington. £650; Boys’ School, Nai Nai, £500; British Red Cross Society, Wellington. £250; Citizens’ Day Nurseries, Wellington, £350; City Mission, Wellington, £750; Free Kindergarten Association. Wellington, £450; Home of Compassion, Island Bay. £700; Home for Incurables, Wellington, £550; Mothers’ Helpers, Welington, £250; New Zealand branch of the British Empire Cancer Campaign Society (Wellington only), £500; Plunket Society, Wellington, £600; St. Joseph’s Orphanage, Upper Hutt, £750; St. Mary’s Guild, Wellington, £ 450.