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38
The Trust Fund consists of £12,288 5s. 8d. Consols, the
gross yearly income being £307 4s. od. The scheme provided
that the Charity should be administered by four ex-officio Trustees,
three Representative Trustees, and two Co-optative Trustees
; that the ex-officii Trustees shall be the Rector of Holy
Trinity, Clapham; the Vicar of St. James', Park Hill; the Minister
of the Congregational Chapel, Grafton Square, and the Minister
of the Wesleyan Chapel, High Street, Clapham; the first representative
Trustees, A. D. Dawnay, J. W. Cundall, and T. Young;
and the first Co-optative Trustees, J. Lidiard and B. R. Tucker, of
49, Sisters Avenue, Clapham Common ; that Representative Trustees
are to hold office for four years and Co-optative Trustees for
five years ; that all proper costs and expenses incidental to the
management of the Trust are to be defrayed out of the income
thereof, and that the Trustees may pay a yearly sum not exceeding
£100 to the Trustees of the Hibbert Almshouses and shall apply
the balance of the income for the benefit of pensioners. The pensioners
are to be Protestants of good character, of 60 years of age
or upwards, who have resided in Clapham for not less than 10
years, and have not received Poor Law relief other than medical
relief during the last two years, and who from age, ill-health, accident,
or infirmity, are, wholly or in part, unable to maintain themselves
by their own exertions. Pensions are not to be less than
5s. nor more than 10s. per week and are to be granted for periods
of three years. Future Representative Trustees are to be
appointed by the Borough Council.
The Charity Commission was informed that this Council was
prepared to appoint future Representative Trustees, and it was
suggested to the Charity Commission that the following amendments
should be made in the scheme, viz.:—
(a) Clause 6. That the term of office of future Representative Trustees be
3 years instead of 4 years.
(b) Clause 8. That the term of office of future Co-optative Trustees be 4
years instead of 5 years.
(c) Clause 21. That the sum to be paid annually to the Trustees of the
Hibbert Almshouses be limited to £26, being the sum by which the
income of the Trustees was reduced by the alteration of the rate of
the dividend on the capital of the Almshouses Trust.
(d) Clause 23. That the words limiting the granting of pensions to persons
of 60 years of age or upwards be left out.
19. In December last a letter was received from the Charity
Commission forwarding copy of the scheme, and stating that the