R7.10 - Edward Wilson Chair of Obstetrics Trust

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Recitals-

1. The Government of Victoria agreed to make an annual grant of £2,500 to the University to enable the University to establish a chair of Obstetrics.
2. It was intended that £1,500 per annum of the grant go towards the salary of the occupant of the chair.
3. The trustees of the Edward Wilson (the Argus) Trust presented to the University £20,000 of New South Wales Interminable 3 per cent stock to be held in trust by the University, the income to be used for the purpose of increasing the salary of the occupant of the chair to at least £2,000 per annum.
4. The capital was $57,986 at 31 December 1994.

It is provided as follows-

1. The sum of $57,986 and any accumulations and additions to the sum is known as the "Edward Wilson Chair of Obstetrics Trust" (“the fund”) the securities for which or any of them may be sold from time to time and the net proceeds invested as the Council from time to time directs in any securities being inscribed stock either of the Commonwealth of Australia or of any of the Australian States.
2. The income from the fund is applied up to $1,000 per annum to supplement the salary of the occupant of the chair for the time being thus raising it to at least $4,000 per annum and as to the balance of the income to supplement further the salary of the occupant of the chair for the time being or to meet any other expenditure connected with the chair authorised by the Council.
3. Any unexpended income is added to and becomes part of the capital of the fund.
4. The services of the Dunbar Hooper Professor of Obstetrics and Gynaecology for the time being are available free of charge for consultation with the medical advisers of patients in the Royal Women's Hospital Melbourne and the Queen Victoria Memorial Hospital for Women and Children Melbourne * in confinement cases presenting features of serious difficulty and risk.

* (no longer exists)