R7.23 - Marian Barrett Bequest

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Recitals-

1. James William Barrett, Knight Commander of the Most Excellent Order of the British Empire, doctor of Medicine and master of Surgery some time Chancellor of the University and for forty-four years a member of the University Council who died on 6 April 1945 bequeathed to the University certain physiological and other instruments and appliances and certain medical journals, treatises and papers and also made a further bequest in the following terms:
   
   "To the said University of Melbourne Victoria the sum of seven hundred and fifty pounds and whereas my experience of American universities is of such a nature as to influence me towards providing for the foundation of a School of Nursing now I hereby express my desire that the aforesaid legacy of seven hundred and fifty pounds to the University of Melbourne shall be applied in or towards the foundation and/or development of a School of Nursing or if insufficient for such purpose shall be used as the nucleus of a fund for that purpose nevertheless I declare that such legacy shall be applied in such manner as the Council of the said University shall in its absolute discretion decide and direct and I direct that the aforesaid legacy of seven hundred and fifty pounds and the bequest of the said University hereinbefore contained of my instruments appliances books and journals shall together carry the name of `The Marian Barrett bequest' in memory of my wife Marian."
2. The University received the instruments, appliances, journals, treatises and papers referred to and also the sum of £750 from the executors of the will.
3. The Council decided that it was impracticable to found a school of nursing and approved the following scheme.
4. The sum of £750 increased to $17,108 at 31 December 1994.

It is provided as follows-

1. The physiological and other instruments and appliances and the medical journals, treatises and papers received under the terms of the will are part of the "Marian Barrett Bequest".
2. The sum of $17,108 and any accumulations and additions to the sum forms a fund called the "Marian Barrett Bequest" (“the fund”) and the fund must be paid into an investment pool and remain there until the Council directs otherwise.
3. The net income of the fund is used for the purpose of providing from time to time a lecture or lectures on a subject or subjects of interest to both the medical and the nursing professions.
4. The subject or subjects are selected and the lecturer or lecturers appointed by the Council on the recommendation of the faculty of Medicine, Dentistry and Health Sciences (“the faculty”) and the faculty is responsible for making the necessary arrangements for the course of lectures.
5. The Council may at any time direct that the whole of the capital of the fund or any part thereof be resorted to for the purpose or purposes stated above.