XN000022-1989-02-08 — Page 3

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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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