1Perth Diocesan Trustees (Special Fund) Act 1944

CrestWestern Australia

Perth Diocesan Trustees (Special Fund) Act 1944

Western Australia

Perth Diocesan Trustees (Special Fund) Act 1944

Contents

1. Short title 2

2. Terms used 3

3. Capitalisation or payment of surplus income 3

Notes

Compilation table 4

Defined terms

Western Australia

Perth Diocesan Trustees (Special Fund) Act 1944

An Act relating to a certain trust fund vested in The Perth Diocesan Trustees and to the disposition of the income derived therefrom.

Preamble 2, 3

Whereas Samuel Evans Burges of Perth in the State of Western Australia, Esquire, died on 25 May 1885, having made and duly executed his last will and testament and a codicil thereto dated respectively 3 October 1883, and 14 July 1884; and probate of the said will and the said codicil was duly granted by the Supreme Court of Western Australia to the executors therein named; and whereas by his said will the said Samuel Evans Burges charged all his real property at York devised to his son Richard Goldsmith Burges with the payment by the said Richard Goldsmith Burges, his heirs and assigns, to the Standing Committee of the Synod of the West Australian Branch of the Church of England for or towards the support of the Church of England clergyman from time to time stationed at York in the said State, of an annual sum of £10 during the life of the said Richard Goldsmith Burges and after the decease of the said Richard Goldsmith Burges with the payment to such Committee for the like purpose, of an annual sum of £20 for ever; and whereas the said Richard Goldsmith Burges died on 25 September 1905 and by an Order of His Honour, Mr. Justice McMillan, made 19 April 1910, pursuant to the provisions of the Redemption of Annuities Act 1909, it was ordered (inter alia) that the cash surrender value of the perpetual charge of the annual sum of £20 aforesaid as created by the abovementioned will of the late Samuel Evans Burges, deceased, over the lands therein charged be fixed at £500 and that on payment of such sum to the Diocesan Trustees of the Church of England in Western Australia within the time fixed in the said Order the said perpetual charge should be discharged and the said lands should thereupon be freed and discharged from the said perpetual charge; and whereas by the said Order it was further ordered that the said Diocesan Trustees should invest the said sum of £500 in the securities mentioned in the said Order and that the income accruing therefrom to the extent of £20 per annum should be applied for the benefit of the Church of England clergyman for the time being stationed at York and that any surplus income over £20 per annum be capitalised with power for the Trustees from time to time to draw thereon to make good any deficiency; and whereas the said sum of £500 was duly paid as directed by the said Order and the said sum of £20 per annum has been regularly paid and the surplus income capitalised, with the result that the annual income from the capital sum is in excess of the amount required to pay the said sum of £20 per annum; and whereas by Act 52 Victoria No. 2 4 it was enacted that all land and other property vested in the Standing Committee of the Synod of the Western Australian Branch of the Church of England should be vested in the corporation to be known as “The Diocesan Trustees of the Church of England in Western Australia for the time being” and by the 5, it was enacted that the name and style of the corporation constituted by the said Act, 52 Victoria No. 2 4, should thenceforth be “The Perth Diocesan Trustees” and whereas the said The Perth Diocesan Trustees is desirous that it be empowered at its discretion to capitalise the surplus income arising from the said capital sum or to pay such surplus income to the Church of England clergyman for the time being stationed at York: