R7.47 - James Parker Fund

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Recitals-

1. James Parker, of Tor Downs, Menindee, New South Wales, gave £200 to the University to establish a fund and to apply the income from the fund, in the following manner, for the benefit of the Rowden White library.
   
2. The sum of £200 increased to $1,123 at 31 December 1994.

It is provided as follows-

1. The sum of $1,123 and any accumulations and additions to the sum forms the endowment of a fund called the "James Parker Fund" ("the fund") and the fund must be paid into an investment pool and remain there until the Council directs otherwise.
   
2. The net annual income of the fund is used for the benefit of the Rowden White Library whether by the purchase of books or other publications or otherwise as the Council, on the recommendation from time to time of the Melbourne University Student Union Incorporated, may determine.