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WEDNESDAY, FEBRUARY 8, 1989
A TOTAL OF $15 MILLION IS EXPECTED TO BE PAID FIVE TRUST FUNDS THIS FINANCIAL YEAR.
OUT FROM THESE
FUND, WAS SET UP IN CHINESE COMMUNITY TO FOR CHINESE
THE SIXTH TRUST FUND, THE BREWIN TRUST 1906 WHEN $50,000 WAS RAISED BY MEMBERS OF THE START A FUND IN HONOUR OF MR A.W. BREWIN, THEN SECRETARY AFFAIRS.
ORPHANS AS
MILLION IS EXPECTED
THE FUND IS INTENDED TO BENEFIT CHINESE WIDOWS AND WELL AS INCAPACITATED CHINESE WORKERS. OVER $1.2 TO BE PAID OUT FROM THIS FUND THIS FINANCIAL YEAR.
A
EACH TRUST FUND IS ADVISED BY EITHER A BOARD OF TRUSTEES OR
WHOSE MEMBERS INCLUDE MANAGEMENT/ADVISORY COMMITTEE
GOVERNMENT BUSINESS COMMUNITY, SUCH OFFICERS AS WELL AS PROFESSIONALS FROM THE AS ACCOUNTANTS, BANKERS AND LAWYERS.
ΤΟ RECIPIENTS, THE
BOARDS INVESTMENT INVESTED,
"APART FROM APPROVING THE PAYOUTS AND COMMITTEES ARE ALSO RESPONSIBLE FOR ADVISING PORTFOLIOS OF THE FUNDS TO ENSURE THAT THEY THE SPOKESMAN SAID.
ON THE ARE PROPERLY
BE PAID MILLION,
HE
"IT IS ENCOURAGING TO SEE THAT THE AMOUNT EXPECTED TO OUT IN THE 1988-89
$16.16 FINANCIAL YEAR, TOTALLING
OVER THE PREVIOUS YEAR, REPRESENTS AN INCREASE OF 68 PER CENT ADDED.
FUNDS WERE MANAGED ON
THE SPOKESMAN SAID ALL THE TRUST BASIS THAT ONLY THEIR RECURRENT INCOME WAS USED IN CAPITAL WAS PERPETUATED FOR POSTERITY.
THE
ORDER THAT THEIR
"EACH FUND MAINTAINS ITS OWN PORTFOLIO OF INVESTMENT BALANCED
HE ADDED. BETWEEN EQUITIES, BONDS AND BANK DEPOSITS,
..
DECEMBER 31 THE TOTAL ASSET VALUE OF THE SIX TRUST FUNDS LAST
OF THREE PER CENT OVER WAS $411 MILLION, REPRESENTING AN INCREASE $399 MILLION ON MARCH 31 LAST YEAR.
INVITATIONS TO APPLY FOR
UNDER THE
SCHOLARSHIPS AND GRANTS FUNDS ARE ANNOUNCED IN NEWSPAPERS OR THROUGH SCHOOLS AND INSTITUTIONS,
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