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Chequers Estate Act 1958

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  • In clause 8 (e) of the deed (which relates to the application by the administrative trustees of the income of the Chequers Trust Fund) the following sub-paragraph shall be substituted for sub-paragraphs (iii) and (iv) (which relate to the upkeep of the gardens and pleasure grounds and the repair and maintenance of buildings):—

    (iii)In the upkeep repair and maintenance of the mansion house and other buildings and the gardens pleasure grounds and other lands comprised in the Chequers Estate(including the wages of gardeners and other persons employed in connection therewith) ;

  • in sub-paragraph (v) (which relates to the maintenance of furniture and fixtures and the purchase of new or additional furniture) the words “for which purpose not less than one hundred pounds shall be set aside in each year and accumulated until wanted” shall be omitted ; and the proviso to the said clause 8 (e) (which relates to the application of surplus income) shall be omitted, and at the end of that paragraph the following paragraph shall be inserted:—

    (f)If from time to time there is any income of the Chequers Trust Fund which in the opinion of the Administrative Trustees is not required to meet the payments mentioned in the last preceding paragraph or to be set aside for meeting future payments thereunder the Administrative Trustees shall direct that income to be added to the capital of the Fund and it shall be paid to the Public Trustee and held by him as part of the Fund accordingly.

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