213409-1934-Supplementary-Draft-Bills--Merchandise-Marks-Amendment-No-2--Sand-Morrison-Scholarships-Fund-Incorporation — Page 5

890

Short title.

The Trustees

and their

proceedings

and acts.

A BILI.

INTITULED

[No. 42-26.9.34.--3.]

An Ordinance to incorporate a Body of Trustees capable of holding property and empowered to administer a trust fund known as the Morrison Scholarships Trust Fund for the purpose of providing scholarships at Queen's College in this Colony.

WHEREAS at a meeting of a society known as the Morrison Education Society on the 18th day of March, 1873, it was agreed, and at a further meeting of the said Society held on the 24th day of April, 1873, it was confirmed, that Three thousand Dollars of the monies of the Society "should be funded for the purpose of endowing a scholarship, to be known as the Morrison Scholarship, at the Central School upon conditions to be drawn up by the Headmaster of the Central School, the Minister for the time being of the Union Church and the senior resident Missionary of the London Missionary Society, and that, in the event of discontinuance of the Central School or other circumstances making it advisable, the disposition of the principal should be with the three gentlemen above named.'

AND WHEREAS the said fund has now appreciated through investments and further contributions to a capital value of over Fifty thousand Dollars, and provides an income of nearly Two thousand Dollars per annum out of which five Morrison Scholarships are endowed and maintained at Queen's College in this Colony.

AND WHEREAS doubts have arisen as to the legal position of the persons now administering the said fund as trustees thereof, and it is deemed expedient that the fund should be vested in an incorporated body which may administer the same for the purpose of endowing and main- taining such scholarships.

BE it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:-

1. This Ordinance may be cited as the Morrison Scholar- ships Fund Incorporation Ordinance, 1934.

2. (1) There shall be a body of Trustees which, subject to the other provisions of this Ordinance, shall consist of:-- (a) Francis John de Rome, Headmaster of Queen's College, Hong Kong;

(b) Doctor Robert McLean Gibson, Senior missionary in Hong Kong of the London Missionary Society;

(c) The Reverend Enoch Gwyn Powell, minister of the Union Church, Hong Kong,

and their successors in Office for the time being.

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