R7.39 - Frank Wilmot Memorial Fund

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Recitals-

1. The sum of £101 12s. 1d. was subscribed by his friends to perpetuate the memory of Frank Wilmot ("Furnley Maurice"), poet and manager of the Melbourne University Press from 1932 to 1942, and the subscribers expressed the wish "that £200 should be invested and the income applied in purchasing Australian books for the library" and "that a bookplate should be placed in each volume purchased".
2. In 1944 the University received £101 12s. 1d from the subscribers, which sum was $200 at 31 December 1994.

It is provided as follows-

1. The sum of $200 and any accumulations and additions to the sum forms the endowment of a fund called the "Frank Wilmot Memorial Fund" (“the fund”) and the fund must be paid into an investment pool and remain there until the Council directs otherwise.
2. The income of the fund is applied to the purchase for the University library of Australian books.
3. A book-plate is to be placed in each volume purchased from the income of the fund and the sum of £1 12s 1d. remaining from the fund is to be used towards the cost of printing such book-plates.