✨ Nelson Trust Funds Report
that they would then be able to secure a vessel better adapted for the special requirements of the province than could be hoped for in any other way; and, in the confidence that the increasing trade of Nelson, and the favorable terms on which they could offer its services, would secure them from all risks beyond those unforeseen casualties to which all such enterprises are, in their own nature, liable. Nor have their expectations been disappointed. Very shortly afterwards the public attention was strongly called to the subject, and an association formed, which, from its composition, and the general support it has received, offers as good a guarantee for carrying out its objects as could reasonably be expected; and the Trustees have therefore engaged to give it the first offer of their steamer on its arrival. The propose to retain the ownership, and to put the vessel at the disposal of the Company, so long as it shall be bona fide employed in the service of Nelson and Marlborough, on such terms as, whilst they secure the Fund from eventual loss, shall give the Steam Association the full benefit and advantage of her services.
Subjoined is the Annual Financial Statement.
By order of the Board of Trustees,
H. C. DANIELL,
Secretary.
Nelson, Dec. 31, 1862.
ABSTRACT OF ACCOUNTS of the NELSON TRUST FUNDS, for the Year ending the 1st December, 1862.
| Dr. | £ | s. | d. | By Appropriation of Fund, as shown in the Accounts of last year, as follows:— | £ | s. | d. | |
|---|---|---|---|---|---|---|---|---|
| STEAM NAVIGATION FUND. | ||||||||
| To Amount of Fund under administration at commencement of Year | 9,000 | 0 | 0 | Loan to Provincial Government for Educational purposes | 2,000 | 0 | 0 | |
| Nelson and Marlborough Steam Company, for first Moiety of Loan repaid by them | 9,000 | 0 | 0 | Loan to Nelson and Marlborough Steam Navigation Company | 700 | 0 | 0 | |
| Sundry Accounts, for Loan on Mortgage repaid during current Year | 200 | 0 | 0 | Loan to F. Stock, on account of steamer Undine | 2,300 | 0 | 0 | |
| Sundry Accounts, for Interest received during current Year | 172 | 10 | 0 | Loans on Mortgage | 9,000 | |||
| Religious Reserve Fund, for temporary advance therefrom to meet remittance to England for purchase of steamer | 859 | 7 | 6 | Interest paid to Nelson and Marlborough Steam Company up to period of loss of "Tasmanian Maid," as per agreement | 145 | 9 | ||
| Reserve Fund, for ditto | 66 | 7 | 6 | Sundry Accounts for Loan on Mortgage effected during current Year | 200 | 0 | ||
| Bank of New Zealand, for ditto | 97 | 4 | 7 | Remitted to England on account of purchase of steamer "Nelson" ... | 3,050 | 0 | ||
| £ | 12,595 | 9 | 7 | £ | 12,395 | |||
| RELIGIOUS RESERVE FUND. | ||||||||
| To Amount of Fund under administration at commencement of Year | 1,259 | 7 | 6 | By Appropriation of Fund, as shown in the Accounts of last year, as follows:— | ||||
| Sundry Accounts for Loan on Mortgage repaid during current Year | 500 | 0 | 0 | Loans on Mortgage to sundry persons | 1,000 | 0 | ||
| Ditto, for Interests received during current Year | 100 | 0 | 0 | Steam Navigation Fund, for temporary advance thereto ... | 859 | 7 | ||
| £ | 1,859 | 7 | 6 | £ | 1,859 |
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Nelson Provincial Gazette 1863, No 13
✨ LLM interpretation of page content
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Annual Report of the Trustees of the Nelson Trust Funds
(continued from previous page)
🏘️ Provincial & Local Government31 December 1862
Nelson Trust Funds, Steam Navigation, Shipping, Finance, Annual Report
- H. C. Daniell, Secretary
🏘️ Abstract of Accounts of the Nelson Trust Funds
🏘️ Provincial & Local GovernmentNelson Trust Funds, Financial Statement, Accounts, Steam Navigation Fund, Religious Reserve Fund
- F. Stock, Received loan for steamer Undine