WEDNESDAY, AUGUST 13, 1975
GRANTS FROM SIR DAVID TRENCH FUND FOR RECREATION NEAR $2 MILLION MARK
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GRANTS AMOUNTING TO $1,939,242 HAVE BEEN PROVIDED FROM THE SIR DAVID TRENCH FUND FOR RECREATION TO FINANCE VARIOUS COMMUNITY PROJECTS SINCE IT WAS SET UP IN 1970.
THIS IS STATED IN THE TRUSTEES REPORT FOR 1974/75 WHICH WAS TABLED IN THE LEGISLATIVE COUNCIL TODAY.
DURING THE LAST FINANCIAL YEAR, GRANTS TOTALLING $655,413 WERE HIVE COMPARED WITH $443,786 IN 1973/74.
THE REPORT SAYS THAT THE TOTAL INCOME FROM DIVIDENDS AND INTEREST LANNED IN INVESTMENTS ROSE BY MORE THAN $23,000 OVER THE PREVIOUS YEAR TO $440,307. HOWEVER, THE MARKET VALUE OF INVESTIENTS FELL LY MORE THAN $100,000 DUE TO A FALL IN THE VALUE OF LOCAL INVESTMENTS.
THE FUND WAS SET UP IN FEBRUARY 1970 WITH A $3.2 MILLION DONATION FROM A GENTLEMAN, WHO WISHES TO REMAIN ANONYMOUS, TO COMPLIKATE THE GOVERNORSHIP OF SIR DAVID TheRCH AND ALSO AS A TUKEN OF APPRECIATION OF THE WORK OF ME CIVIL SERVICE. OVER THE YEARS THE FUN) IS GROUN TU MORE THAN $5.7 MILLION.
THE FUND IS USED FOR THE PROVISION OF, OR ASSISTANCE IN THE PROVISION OF, FACILITIES FOR RECREATIONAL, SPORTING, CULTURAL AND SOCIAL A.TIVITIES,
CRANTS HAVE ALSO BEEN MADE TO VOLUNTARY AGENCIES TO BUY SPORTS AND RECREATIONAL EQUIPMENT, MUSICAL INSTRUMENTS AND BOOKS.
IN DETERMINING THE PURPOSES FOR WHICH THE FUND SHOULD BE APPLIED, THE GOVERNOR IS ASSISTED DY AN ADVISORY COMMITTEE, CV THE LY THE SECRETARY FOR HOME AFFAILS, AND COMPRISING MIMOLKS WITH A SPECIAL PINTEREST IN THE FIELD OF LEUREATION.
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