R7.37 - Truby Williams Conservatorium Endowment

View/Print PDF (8 KB)

Recitals-

1. Ernest Edward Truby Williams, late of Melbourne, who died on 15 August 1941 made two bequests to the University, the first for the "benefit of such University generally" and the second "as an endowment for the University Conservatorium of Music".
2. The first bequest has been applied to the endowment of the Truby Williams Chair of Economics.
3. The sum of £10,147 7s. 2d. was received in satisfaction of the second bequest, which sum increased to $55,521 at 31 December 1994.
4. The purposes for which the Conservatorium was established are now carried out by the faculty of Music and the name "University Conservatorium of Music" has been discontinued.

It is provided as follows-

1. The sum of $55,521 and any forms accumulations or additions to the sum forms a fund known as the "Truby Williams Conservatorium Endowment Fund" ("the fund") and the fund be paid into an investment pool and must remain there until the Council directs otherwise.
2. The income of the fund is applied to the purposes of the faculty of Music in such a manner as the Council may from time to time decide.