In the High Court of New Zealand, Wanganui Registry
In the matter of a charitable trust, under the Charitable Trusts Act 1957, and in the matter of an application
by Desmond Robert Campbell as secretary/treasurer of the Margaret Watt Children's Home Trust Board
and authorised by the trustees for consent to a scheme for variation of a charitable trust declared by the will
of William Hogg Watt, of Wanganui, gentleman, deceased.
Notice of application for approval of a scheme under Part III of the Charitable Trusts Act 1957.
Notice is given that D. R. Campbell, authorised by the trustees of the will of William Hogg Watt, late of Wanganui, gentleman, deceased, has filed in the office of the High Court at Wanganui an application for approval of a scheme varying the terms of the will dated the 2nd day of February 1888, and the trust deed which superseded dated the 5th day of May 1989, under which the Margaret Watt Children's Home is held. Under the deed, the Margaret Watt Home
is to be held on trust as a home for the benefit of accommodating orphans between the ages of five and 15.
Under the proposed scheme, it is proposed that the trustees vary the trust deed by deleting clauses 1, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13 and 15 and substituting the following clauses:
1. That the said "Margaret Watt Children's Home" shall be known as the "Margaret Watt Children's Trust" ("the trust").
2. The home at Clarkson Avenue, Wanganui, shall be sold and the proceeds applied to establish a fund. The fund and the income from the fund are to be applied to children in need of care and support by the means of awarding scholarships, making grants and to enable such children to undertake educational programmes
or attend educational institutes to provide a higher standard of living, with the view to them obtaining life skills and education to develop a stable upbringing and career opportunities. Such children to be from the Wellington region and if there is unexpected income this, to be applied to children from other regions within New Zealand.
3. That the trustees shall cause a record to be kept of all of the children aided by the trust.
4. The trustees shall place a plaque at St Paul's Church, Wanganui.
5. The trustees shall have the power to vary the administrative provisions of the trust with a 75% vote in favour of the change at a special meeting of the trustees called for the specific purpose of considering such change. The trustees shall give one month's notice of the special meeting to the other trustees in order for the change to be valid.
6. The definition of child will be a person under the age of 20 years as defined in the Guardianship Act 1968. The trustees shall have power to apply the fund to
a person beyond the age of 20 years when:
(a) that person received funds from the trust as a child to attend an institute for higher education. The trustees shall have power to fund this person until the completion of their study at the trustees' discretion.
Copies of this scheme and the report of the Attorney-General thereon may be inspected, free of charge, at the office of the Registrar of the High Court at Wanganui or
at the office of the trustee, care of Markhams, Chartered Accountants, 249 Wicksteed Street, Wanganui.
The application has been set down for hearing in the High Court on the 27th day of October 2004 at 9.30 a.m.
Any persons desiring to oppose the scheme is required to give notice of his or her intention to do so to the Registrar
of the High Court at Wanganui and to D. R. Campbell at care of Treadwell Gordon, Solicitors, Suite Eight, Wicksteed Terrace, Wanganui, (P.O. Box 4084), and the Attorney-General not less then seven clear days before
the above-mentioned date.
I. R. BURGESS, Solicitor for the Applicant.