Redemption Document re Charity of George Children 1937

Transcribed by Joyce Field (2014):  original document is in the Leigh Historical Society Archives under ‘Original Documents’ with transcription copies in the Charities File and Children Family File.

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Children’s Charity subscription 1937
3 July 1937
Received from Lord Hollenden for A Houghton Esq the sum of Nine Pounds Twelve Shgs & 6d for 11/12 of the Children’s Charity for period ending July 5th 1937.
With thanks Edgar J Corke Clerk
Document: sealed:  copy in stencilled ink (now fading)
Sealed  23 July 1937
County Kent
Parish Tonbridge
Charity Children
Authority to redeem rent charge
CHARITY COMMISSION
In the matter of the Charity of George Children, in the Parish of Tonbridge, in the County of Kent, founded by Will dated the 11 November 1913(? 1813?) and in the matter of The Charitable Trusts Acts 1833 to 1925.
WHEREAS the Trustees of the above mentioned Charity claim to be entitled, on behalf of the Charity, to a perpetual rent charge or yearly payment of £10.10s (hereinafter called the Yearly Payment) charged upon or issuing out of, certain lands known as Lower Street, Collins Lane and Summers Land situate in the Parishes of Leigh and Hildenborough, in the County of Kent, and forming part of the Hall Place Settled Estates of which the Right Honourable Geoffrey Hope, Baron Hollenden is Tenant for life.
AND WHEREAS the Trustees of the Charity and the Trustees of the said settled Estates and the said Baron Hollenden (hereinafter called the Owners) have lately concurred in submitting to the Board of Charity Commissioners for England and Wales a proposal for the redemption of the Yearly Payment and for affecting the compromise and adjustment of all claim against the Owners and their successors in estate in relation thereto, upon the terms of the transfer in trust for the Charity of a sum of £420 2 ½ per cent Consolidated Stock, the yearly dividends whereof shall be paid to the Trustees for the time being of the Charity in trust for the purpose thereof, in lieu of the Yearly Payment and in absolute extinction thereof;

AND WHEREAS in pursuance of the said proposal a sum of £420 2 ½ percent Consolidated Stock was on the 11th June 1937 being then of the value of £315 cash, transferred with the approval and under the direction of the said Board into the name of “The Official Trustees of Charitable Funds” in trust for the charity:
NOW THE SAID BOARD having considered and inquired into the premises and being of opinion that the said proposal is fit and proper and for the benefit of the Charity and the terms of the said proposal having been fully satisfied and performed on the part of the Owners by the transfer aforesaid, and all arrears of the Yearly Payment having been fully paid and discharged:
DO HEREBY ORDER that the transfer so made of the aforesaid sum of Stock into the name of the said Official Trustees shall effect and operate as a final and absolute redemption of the Yearly Payment, and as a complete and effectual compromise and adjustment of all claim on behalf of the Charity in respect  thereof, and that the Yearly Payment shall henceforth cease and be absolutely extinguished, and that the Order hereby made shall be a final bar to all actions, suits, claims and demands whatsoever on behalf of the Charity for the recovery of the Yearly payment from or against the Owners or their successors in estate.
AND THE SAID BOARD DO HEREBY CERTIFY, in pursuance of Section 73 of the Finance (1909-10) Act 1910 that the transaction hereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value or the aggregate amount or value of the consideration exceeds £500.
Sealed by Order of the Board this 23rd day of July 1937
Signed: JEC Adams
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Document:

Order authorising Transfer to Official Trustees
CHARITY COMMISSION
Order No. 1103
“O” File no. 32547
Office File No. 119817

In the Matter of the Charity of George Children#
In the Parish of Tonbridge
In the County of Kent
In the matter of The Charitable Trusts Acts 1853 to 1925.
The Board of Charity Commissioners for England and Wales do order that a sum of four hundred and twenty pounds two and a half per cent Consolidated Stock

May be transferred into the name of “The Official Trustees of Charitable Funds” and that the same, when so transferred be held by the said Official Trustees in trust for the above mentioned Charity.

Sealed by Order of the said Board this Twenty first day of May 1937.
 

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