Objects and Reasons.

(1) The late Sir C. P. Chater Kt., C.M.G. during his life established two trust funds the income of which was to be applied in assisting in the maintenance of St. John's Cathedral Church and St. Andrew's Church in the Colony and in aug- menting the stipends of the Clergy for the time being holding the respective offices of Chaplain or Assistant Chaplain of the Cathedral and incumbent or curate of St. Andrew's Church.

(2) These two funds have been administered by Trustees.

(3) In order to secure perpetual succession and the other advantages of incorporation it is proposed to incorporate the Trustees under the title of "The Trustees of the Chater (Cathedral and St. Andrew's) Endowment Funds "

(4) The bill now proposed follows the general form of other incorporating Ordinances passed from time to time.

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