Nelson Provincial Gazette – 1855 – No. 18

Page 127

✨ Nelson Trust Funds Financial Accounts and Regulations



127

ABSTRACT of the ACCOUNTS of the NELSON TRUST FUNDS, for the Year ended 31st
Dr. December, 1855—continued. Cr.

RESERVE FUND.

£ s. d. £ s. d.
To Amount of Fund, from 31st December, 1854 . 17 11 2 By Disbursements—
To Repayment of an Incidental Expense over-paid last year (See accounts for that period) . 1 0 6 Fees to Members of Board* . 68 5 0
To General Account for further appropriation of a portion of the Amount received from H.M. Lords of the Treasury 368 2 5 Salary of Secretary 100 0 0
To Religious Reserve Fund, for Amount transferred therefrom, being the proportion of that Fund appropriated to this Account by the Board of Trustees 10 0 0 Legal Expenses in England . 307 7 9
To College and Educational Fund, for Amount therefrom, being the proportion of that Fund appropriated to this Account by the Board of Trustees 124 0 0 Expenses on Transmission of Specie from England 27 0 0
Stationery and Office Expenses 8 0 0
By Balance in hands of Trustees 15 1 4
£ 526 14 1 £ 526 14 1
  • This Amount proves in accordance with the Landowners' Resolutions of the 5th December, 1849.

INTEREST ACCOUNT.

£ s. d. £ s. d.
To Amount of Interest received from sundry individuals during year 1855 876 10 0 By Reserved Religious Fund 100 0 0
By College and Educational Fund 776 10 0
£ 876 10 0 £ 876 10 0

TOTAL FUNDS UNDER ADMINISTRATION OF THE BOARD OF TRUSTEES, ON THE 31ST DECEMBER, 1855, AS SHOWN IN FOREGOING :—

Invested in Securities. Cash Balances Unappropriated. TOTAL.
£ s. d. £ s. d. £ s. d.
Religious Reserve Fund 1,000 0 0 134 0 0 1,134 0 0
College and Educational Fund 12,270 0 0 213 17 0 12,483 17 0
Steam Navigation Fund 2,000 0 0 2,000 0 0 4,000 0 0
Reserve Fund 15 1 4 15 1 4
TOTAL . . . £ 17,633 18 4

We hereby certify that we have examined the Accounts referred to in the above Abstract, and the Vouchers connected with them, and have found them to be correct.

(Signed)

H. SEYMOUR, } Auditors.
H. C. DANIELL, }

NELSON TRUST FUNDS.

RULES AND REGULATIONS FOR CONDUCTING THE BUSINESS OF THE BOARD OF TRUSTEES.

  1. Meetings of the Board, and when to be held.—Meetings of the Board shall be held quarterly; that is to say, on the first day of January, the first day of April, the first day of July, and the first day of October in every year (unless the same happen to fall upon a Sunday or other holiday, in which case the day following shall be substituted for the customary day of meeting); but whenever the state of the Board's affairs appear to the Secretary to require that a special meeting of the Board should be called, and he shall have received from not less than two members a request in writing that such meeting be called by him, together with a statement, signed by those members, of the business which it is intended to bring before it, it shall be competent for the Secretary, and incumbent upon him, to convene such special meeting with the least possible delay.

  2. Quorum.—That three members of the Board shall constitute a quorum for the despatch of business.

  3. Election of Chairman.—At each meeting



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✨ LLM interpretation of page content

🏘️ Annual Report of the Board of Trustees of the Nelson Trust Funds (continued from previous page)

🏘️ Provincial & Local Government
31 December 1855
Nelson Trust Funds, Financial Accounts, Reserve Fund, Interest Account, Audit
  • H. Seymour, Auditor
  • H. C. Daniell, Auditor

🏘️ Rules and Regulations for conducting the business of the Board of Trustees of the Nelson Trust Funds

🏘️ Provincial & Local Government
Nelson Trust Funds, Board of Trustees, Rules and Regulations, Meetings, Quorum, Chairman