Historical information
A document that was part of a folder about the running of the President's Fund that was created in 1932 "to help temporarily embarrassed Melbourne Legatees" towards the end of The Great Depression.
The document summarises the history of a fund that allowed President's to make discretionary payments to worthy causes without need to have it approved. It was written by Legatee Kemsley, a long standing legatee. The second page of the letter was located and added later which shows he wrote it in 1985 (02728).
The fund was credited to the late Legatee Walter Berry of the domestic and building supplies firm, Henry Berry and Co. from his late father's estate.
This one page document seems incomplete as it doesn't fully explain the fund's creation. From other documents it is shown the Howard and Georgina Berry Trust made annual donations of up to £1,000 to Legacy for use in the Fund. See also item 01527 for another summary of the fund's history.
The folder and document were marked with H40 which is part of an early archive project from the late 1960s and early 1970s.
Significance
A record of the President's fund which was a private fund that allowed the President to help fellow legatees with discretion.
Physical description
White A4 paper with black type with a summary of the history of the President's Fund.
Inscriptions & markings
Handwritten 'Box 1 H40' in blue pen.
