357 



NEW ZEALAND INSTITUTE ACT, 1908. 



For the New Zealand Institute Act, 1908, and Regulations thereunder 

 see vol. 49, 1917, pp. 570-74. 



THE HUTTON MEMORIAL MEDAL AND RESEARCH FUND. 



Declaration of Trust. 



This deed, made the fifteenth day of February, one thousand nine hundred 

 and nine (1909), between the New Zealand Institute of the one part, and 

 the Public Trustee of the other part : Whereas the New Zealand Institute 

 is possessed of a fund consisting now of the sum of five hundred and fifty- 

 five pounds one shilling (£555 Is.), held for the purposes of the Hutton 

 Memorial Medal and Research Fund on the terms of the rules and regu- 

 lations made by the Governors of the said Institute, a copy whereof is 

 hereto annexed : And whereas the said money has been transferred to the 

 Public Trustee for the purposes of investment, and the Public Trustee 

 now holds the same for such purposes, and it is expedient to declare the 

 trusts upon which the same is held by the Public Trustee : 



Now this deed witnesseth that the Public Trustee shall hold the said 

 moneys and all other moneys which shall be handed to him by the said 

 Governors for the same purposes upon trust from time to time to invest 

 the same upon such securities as are lawful for the Public Trustee to 

 invest on, and to hold the principal and income thereof for the purposes 

 set out in the said rules hereto attached. 



And it is hereby declared that it shall be lawful for the Public Trustee 

 to pay all or any of the said moneys, both principal and interest, to the 

 Treasurer of the said New Zealand Institute upon being directed so to do 

 by a resolution of the Governors of the said Institute, and a letter signed 

 by the Secretary of the said Institute enclosing a copy of such resolution 

 certified by him and by the President as correct shall be sufficient 

 evidence to the Public Trustee of the due passing of such resolution : 

 And upon receipt of such letter and copy the receipt of the Treasurer for 

 the time being of the said Institute shall be a sufficient discharge to the 

 Public Trustee : And in no case shall the Public Trustee be concerned to 

 inquire into the administration of the said moneys by the Governors of 

 the said Institute. 



As witness the seals of the said parties hereto, the day and year 

 hereinbefore written. 



Resolutions of Board of Governors. 



Resolved by the Board of Governors of the New Zealand Institute 

 that — 



1. The funds placed in the hands of the Board by the committee of 

 subscribers to the Hutton Memorial Fund be called "The Hutton 

 Memorial Research Fund," in memory of the late Captain Frederick 



