Notice Type
Charitable Trusts
Notice Title

Notice of Application for Approval of a Scheme of Variation*

CIV-2012-483-101
In the matter of the Charitable Trusts Act 1957 and in the matter of a charitable trust established by the will of
the late George Powell:
This is to give notice that on 7 April 2014 at 10.00am, Public Trust will ask the High Court at Wellington for an order, under Part 3 of the Charitable Trusts Act 1957, varying the trust created by the last will of George Powell, late of Karioi (deceased).
The effect of the proposed variation will be that:
(a) the assets of the trust will be held for the assistance, development and undertaking of agricultural education in New Zealand with preference given to disadvantaged youth from the wider Wanganui region for education
in farming, agriculture or horticulture through theory and/or practical experience.
(b) the current unexpended income of the trust which has accumulated will be added to the capital of the trust.
(c) at the Trustee's discretion, to carry forward unexpended income in any year to a future year or years. The Trustee may also set aside from income a reserve to meet fluctuations of income in future years and other contingencies.
Any person who wishes to oppose the variation must give seven days' notice in writing of their intention to do so to:
(a) the Registrar of the High Court at Wellington;
(b) Public Trust, PO Box 429, Hamilton 3240 (Attention: Henry Stokes); and
(c) the Attorney-General, Crown Law Office, PO Box 2858, Wellington 6140 (Attention: David Soper).
To make an appointment to view the proposed variation
of the trust, please telephone (07) 958 7011 or email henry.stokes@publictrust.co.nz
*This notice replaces the one published in the New Zealand Gazette, 14 February 2013, No. 15, page 491.