Go to National Library of New Zealand Te Puna Mātauranga o Aotearoa
Volume 64, 1935
– 382 –

Endowment Fund.

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Dr.
£ s. d.
To Reserve Bank Shares 36 0 0
Administration Expenses 1 15 0
Balance 135 9 11
£173 4 11

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Cr.
£ s. d.
By Balance, 31/3/33 76 11 4
Interest 32 3 5
Interest from General Account 41 9 4
Sales of Publications 23 0 10
£173 4 11
By Balance £135 9 11

Hon. Treasurer's Report and Statements.—The Hon. Treasurer, Mr M. A. Eliott, moved the adoption of his report and the balance sheet and statements which had been audited and certified to; seconded by Professor Segar, and carried.

Auckland Islands.—Mr Pycroft mentioned that a company had applied for a lease of part of the Auckland Islands for the purpose of silver fox farming, but the Government had declared the islands a reserve.

Carter Bequest.—The Vice-president, Mr Aston, read an opinion from Mr C. H. Treadwell on the possibility of utilising the Carter Bequest or part of it. Following on the reading of the opinion, Mr Eliott moved: “That the letter of opinion from Mr C. H. Treadwell, Solicitor, re Carter Bequest be accepted and adopted as the policy of the Society regarding the administration of the Fund. That this resolution and a copy of the Solicitor's opinion be forwarded to the Trustees of the Fund and to the Wellington City Council.”

After some discussion, the President put Mr Eliott's motion, which was carried, Dr Marsden, Dr Kidson, and Professor Kirk dissenting. The opinion is as follows:—

The New Zealand Institute, Wellington, C.l.