§ Mr. HAYDN JONES
asked the right hon. Gentleman the Member for the Wells division of Somerset, as Chairman of the Kitchen Committee, what were the terms of the bequest of £l,000 made by the late Sir A. Jacoby for the benefit of the attendants and waiters of the House; what is the amount now standing to the credit of the fund; in whom it is vested; and what payments, if any, have been made therefrom?
§ Sir R. SANDERS
The terms of the bequest made by the late Sir James Alfred Jacoby in. 1909 are as follow: "I give the sum of £1,000 free of legacy duty to the Serjeant-at-Arms attending the House of Commons in trust to found a fund for pensioning or assisting aged, ill or disabled members of the staff of the refreshment department of the House of Commons." This amount was invested by the Charity Commissioners in £l,188 3 per cent. London and North Eastern Railway Debenture Stock, the income from which is £35 12s. 10d. per annum. The accumulated income has from time to time been reinvested, and the following stocks are now held in the names of the Serjeant-at-Arms and the Chairman of the Kitchen Committee for the time being, who are trustees for the income:
- £56 6s. 3d. 5 per Cent. War Loan 1929–47, Post Office issue, cost £53 6s. 8d.
- £21 6s. 3½ per Cent. Conversion Loan, Post Office issue, cost £15 (originally £15 5 per Cent. National War Bond).
- £21 1s. 6d. 8 per Cent. War Loan 1929ߝ47, cost £20.
- £500 21 per Cent. Consols, cost £296 2s. 6d.
There is also on current account the sum of £128 3s. 8d. waiting reinvestment. The 571W total income from all sources for 1928 was £52 14s. 10d. In 1912 the trustees granted a pension of 10s. per week to a waiter, Mr. T. Wallace. This was continued to the time of his decease in December, 1923. Since that date no other payments have been made from the fund.