Persistent identifier:
MS137_AJ95_150_10
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90
seventeenth annual report.
EDUCATION FUND.
Scheme Adopted by the Council on January 1st, 1888.
1. That a Fund, amounting to a minimum of £10,000, be raised for the Educational purposes of the Anglo-Jewish Association.
2. That Subscriptions to the Fund may be paid, either at once, or, if preferred, in five annual instalments.
3. That all Moneys subscribed to the Fund be invested in the names of three Trustees in such Stocks, Funds or Securities as the Council, on the recommendation of the Executive Committee, shall from time to time determine.
4. That, when the total sum of £10,000 has been raised or subscribed, the Income of the Fund shall be paid to the Treasurer of the Association, to be used only for Grants to be voted by the Executive Committee, subject to the approval thereof by the Council.
5. That, when such amount has been raised or subscribed, should any occasion arise, such as the building, enlarging or repairing of Schools abroad, requiring expenditure of capital, sums may be voted for such purposes by the Executive Committee, subject to the approval of the Council; and upon any such vote the Trustees shall sell out so much of the fund as may be necessary, and pay the proceeds of the sale to the Treasurer of the Association, to be applied accordingly.
6. That if the whole sum of £10,000 be not raised or subscribed before the end of the year 1888, the Council shall summon a meeting of the Subscribers, and shall submit to them the desirability of applying the income, and, if deemed expedient, also the capital of the amount already raised or subscribed, to the Educational purposes of the Association, in the manner specified by Clauses 4 and 5.
PRELIMINARY LIST OF CONTRIBUTIONS TO THE EDUCATION FUND.
The Right Hon. Lord Rothschild Sir Julian G-oldsmid, Bart., M.P. The late Baron de Stern Mrs. N. Montefiore Messrs. D. Bassoon & Co..
Baron Blcichroder (Berlin)
£ s. d.
in five instalments 500 0 0
ditto ditto ditto ditto
500 0 500 0
300 0 0 250 0 0 200 0 0
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