NEW ZEALAND GAZETTE

No. 4

$
Women's Refuge Centre 50,000
Battered Women's Trust 50,000
YWCA Christchurch Inc 100,000
Pregnancy Help 90,000
Pregnancy Counselling Services Inc
10,000
Salvation Army Family Care Centre
20,000
Catholic Social Services 20,000
Methodist Central Mission 20,000
Home & Family Society 20,000
Hoheria House 10,000
Hebron Community Trust 10,000
$500,000

(b) The second $500,000 of the accumulated income shall be paid out at the Public Trustee's discretion to those organisations named in clause 2.2 (a) above. For the guidance of those charities involved but without intending to limit the discretion of the Public Trustee in any way or to create a legally binding trust, the Public Trustee declares that he has at this time assessed the relative merits of the charities for payment in the following manner:

40 percent in the discretion of the Public Trustee to the West Christchurch Women's Refuge, Otautahi Women's Refuge, Women's Refuge Centre, and Battered Women's Trust.

20 percent in the discretion of the Public Trustee to Pregnancy Help and Pregnancy Counselling Services (Inc.). (A sum not exceeding $10,000 is deemed appropriate for Pregnancy Counselling Services at this time.)

20 percent to Y.W.C.A. Christchurch Inc., 4 percent in the discretion of the Public Trustee to the Home & Family Society, Catholic Social Services, Salvation Army Family Care Centre and Methodist Central Mission.

4 percent to Hoheria House and Hebron Community Trust in equal shares.

(c) The balance of the accumulated income as at 31 March 1990 shall be added to the Female Refuge Endowment and follow the trusts set out in the preceding clause 1 (3).

3.1 In the administration of the endowments, the Public Trustee considers that capitalisation of up to 10 percent of the annual income will from time to time be desirable.

3.2 With regard to the Female Refuge Endowment, it is proposed to invest from income each year a minimum of 5 percent and a maximum of 10 percent of the income as an accretion to capital.

3.3 In respect of the Canterbury Orphanage share, the present needs of the beneficiaries show that all of the annual income should be distributed. Capitalisation of income from the Canterbury Orphanage Endowment is not therefore appropriate at this time.

4.1 Subject to the approval of the Court, a committee of management shall be formed for the purpose of assisting the Public Trustee in the administration of the Twigger Endowments.

4.2 The committee of management will consist of:

(a) The Public Trustee or his nominee.

(b) Two members to be nominated by the District Council of Social Services Incorporated, Christchurch.

(c) One person to be nominated by the Public Trustee whom the Public Trustee considers will be most likely able to provide specialist knowledge in the administration of the Twigger Endowments.

4.3 The primary functions of the committee of management will be as follows:

(a) To monitor the purposes of the beneficiaries of the Twigger Endowments at regular intervals to ensure that the beneficiaries continue to meet the essential criteria of the endowments; and

(b) To decide the allocation of funds to discretionary beneficiaries in accordance with the relative needs of applicants in terms of their costs, the quantum of service they provide, the general movement of services and level of Government funding.

5. Subject to the approval of the Court, the costs of the application to this Court for approval of the scheme shall be divided equally between the Female Refuge and the Canterbury Orphanage share of the accumulated income referred to in the preceding clauses 2.1 and 2.2.

Any person desiring to oppose the scheme shall give written notice of his/her intention to do so not less than 7 clear days before the 12th day of February 1992 to the following:

(1) The Registrar, High Court, Christchurch, and

(2) The Public Trustee, care of the District Public Trustee, 15 Buckleys Road, Linwood, P.O. Box 24-236, East Linwood, and

(3) The Attorney-General, care of the Crown Law Office, 139–141 Featherston Street, Wellington.

Friendly Societies and Credit Unions Act Notices

Advertisement of Dissolution

Notice is hereby given that the Registrar of Friendly Societies and Credit Unions will, pursuant to section 94 of the Friendly Societies and Credit Unions Act 1982, register an instrument of dissolution of the Court Inglewood Foresters Credit Union, Register No. 66/814, unless within 3 months from the date of the Gazette in which the advertisement appears, a member or other person interested in or having any claim on the funds of the credit union commences proceedings to set aside such dissolution, and the same be set aside accordingly.

Further details are available from the Deputy Registrar, P.O. Box 1062, Wellington.

K. M. DOODY, Deputy Registrar.