Hareivood House Debenture Stock. 
li 
instructions for further applications 
to be made for payment. 
House. 
Sir Nigel Kingscote (Chairman) 
reported that the draft of the Trust 
Deed for the proposed issue of Hare- 
wood House Debenture Stock had 
now been settled by Sir Horace 
Davey, Q.C., and Mr. F. B. Palmer ; 
and the Committee recommended 
that the Duke of Westminster, Mr. 
Walter Gilbey, and Sir Nigel Kings- 
cote be appointed as Trustees under 
the Deed. It is proposed, under the 
Deed, that the Society shall, while it 
retains possession of the new pre- 
mises, place and keep them under a 
competent manager, who shall be 
under the immediate control of a 
committee of three members of the 
Council ; and the Committee recom- 
mended that the Duke of West- 
minster, Mr. Walter Gilbey, and Sir 
Nigel Kingscote be nominated as the 
Committee for this purpose. The 
Committee had settled the terms of 
the proposed prospectus for the issue 
of the Debenture Stock, and recom- 
mended that it be now circulated 
forthwith. 
Sir Jacob Wilson said that those 
who had watched the progress of this 
matter — and he had no doubt all 
present had done so — must be aware 
that two Members of Council, above 
all others, had shown by their action 
the deep interest which they had 
taken with reference to the acquisi- 
tion of Harewood House ; and, what- 
ever the outcome of it all might be, 
he was sure that they would agree 
that the Society had been placed 
under a deep obligation to those 
gentlemen. Yesterday, when this 
matter came before the House Com- 
mittee, and it was necessary to recom- 
mend to the Council the names of 
three Trustees, it occurred to him 
(Sir Jacob Wilson) that two of the 
gentlemen certainly who had identi- 
fied themselves with this project 
stood out most prominently as emi- 
nently suitable for the office of 
Trustee, and as inspiring confidence 
in the public mind. He thought 
without doubt that they could not 
do better than extend their obliga- 
tions to them still further ; and he 
had, therefore, the greatest gratifica- 
tion in proposing that the Duke of 
Westminster and Mr. Walter Gilbey 
should be two of these Trustees. 
(Hear, Hear.) With regard to the 
third Trustee, the name which natu- 
rally occurred to him was that of their 
tried and trusted friend Sir Nigel 
Kingscote, who, as Chairman of the 
Finance and House Committees, 
seemed, as he thought, to stand out 
most prominently as a fit and proper 
person for the office. He had, there- 
fore, much pleasure in moving c — 
That the Duke of Westminster, 
Mr. Walter Gilbey, and Sir Nigel 
Kingscote be appointed Trustees 
under the Trust Deed proposed to 
be executed with regard to the 
issue of Harewood House Debenture 
Stock. 
Sir Massey Lopes said he had 
much pleasure in seconding the mo- 
tion, not only because the names would 
carry weight with the public outside, 
but because they would receive the 
hearty co-operation of every member 
of that Council. 
The resolution having been carried 
unanimously, 
The Duke of Westminster said 
he cordially acknowledged the reso- 
lution so far as he was concerned, 
and he was much obliged to them 
for having nominated him as Trustee. 
Sir Nigel Kingscote said that he 
owed his sincere thanks for the kind 
expressions of Sir Jacob Wilson, and 
his best services would be at the dis- 
posal of the Society. 
Mr. Walter Gilbey also ex- 
pressed his appreciation of the com- 
pliment paid to him by his election 
as a Trustee. He would venture to 
urge upon the Members of Council 
present the desirability of their show- 
ing their confidence in the scheme by 
taking up some of the Stock, with 
the view of encouraging others to 
subscribe. They had had valuable 
promises of support already, but those 
of them who were endeavouring to 
interest their friends outside to sub- 
scribe for the Stock, would be fortified 
in doifig so if they had a good pre- 
liminary list of subscribers amongst 
the Council itself to start with. 
42 
