PARK TRUST.

Wairarapa Daily Times, Volume XVI, Issue 4929, 18 January 1895, Page 3

PARK TRUST.

QUARTERLY MEETING. The quarterly meeting of tho Masterton Park Trust was held at the Borough Council Chambers yesterday afternoon, Present, Messrs Payton (in the Chair), Renall, Bunny, Moore, Feist and Boddington. The minutes of the previous meetwero read and confirmed, and the balance sheet, published in another column, was adopted A letter was read from the Town Lands Trust, promising, if possible, to pay the second instalment of tho Grand Stand grant in April next. Mr Boddington said the Chairman had done good service in drawing j this assurance from the Trust. i

Mr Boddington complained that tho regulations of the Trust, respecttho use of the oval as a cricket ground, had not been carried out, and a special instruction was given with reference to the same.

The following report of tho Grand Stand Committee was read

January 17th, 1895. The Committee reports tliat ail eligible tender for the Grand Stand Ims ucen received from Mr 31, Williams, amounting to £209105. It recommends that before accepting it provision be made to cover cost of work. The amount subscribed to date is AM Is Cd. An offer from the 3fastertou Football Club is annexed which may place the Trust in a position to proceed with the work. Your Committee regret that no other ways and means appear to be available. J. lVrrox. F. Ct. Moore. Masterton, 17th Jamiary, ISilo. The Mastertox Park Trustees, Mastertox.

Dear Sies.—ife Park Oval.—l am instructed by my Club to make you the following offer for tlie Lease of tho Park Oval for ten years The Masterton Football Club to pay to the Park Trustees a easli payment of £SO for a lease of the Oval from Ist April 1895 to 30th September, in each year for ten years, the .Masterton Football Club to have the right to 50 per cent of the proceeds of the Grand Stand (which the Trustees undertake to erect on tho Oval) taken at all football matches played witliiu the above mentioned dates. A. D'Ancr, Captain M.F.C.,

The Chairman asked the meeting v to consider tlio offer of the Football ffi Club iu the first instance. It was not quite the arrangement the Committee had desired to make, but they had been disappointed in the amount of subscriptions forthcoming, and rather than let the project fall through, they were disposed to favour it. Mr Bunny thought that the bargain would be in favour of the Football Club, as the condition claiming the half of the Grand Stand proceeds would be a valuable revenue. llr Eenall inquired if the fifty pounds required could not be raised some other way. The Chairman, " Will you lend it to us!" Mr Renall, "Yes, if you give me 15 per cent, for the money!" The Chairman, "Is your offer a serious one ?" Mrflenall, "Yes." The Chairman, " I move that it be accepted." Mr Boddington in seconding the i. motion, pointed out that even 15per tt cent, was better than surrendering the half of the Grand Stand proceeds, Mr Moore protested against usurious interest, and offered to lend the money at 10 per cent. (A laugh.) On the motion of Mr Feist, Mr Moore's offer was accepted. The offer of the Masterton Football Club was theu declined with thanks. On the motion of the Chairman, Mr M. Williams' tender for erecting the Stand, amounting to £209 Os 9d, was accepted. The other tenders, Mitchell £230, Rigg £237, and Daniell £259 19s, were declined. The annual meeting, a merely formal proceeding for the presentation of the balance sheet, was then held,