§ MR. LOUGH (Islington, W.)To ask Mr. Attorney General, whether he will state what is approximately the amount of accumulated funds of the Richard Cloudesley Charity which it is proposed shall be distributed under Clauses 37 and 38 of the new Draft Scheme of the Charity. And, seeing that this money is capital according to his reply to the Question of the hon. Member for West Islington on 16th August last, and to the regulation applicable at present to the charity, whether he proposes to take steps for its investment and for devoting the income therefrom to purposes for the general benefit of the inhabitants of Islington.
(Answer.) The accumulations of the rents of the charity to the end of the year 1901 amounted to £3,494 18s. 6d. 894 It is proposed that one moiety of these accumulations of income and any accretions to the 21st June should be applied for the expenses of rebuilding, enlarging, or restoring the parish church of Islington, and that the other moiety should be applied towards establishing a convalescent homo in connection with the Great Northern Central Hospital for the benefit of the poor of the parish of Islington. If such home shall not have been established within five years it is proposed that the funds intended for that purpose should be transferred to the official trustees of charitable fund as part of the capital endowment belonging to the charity.—(Mr. Attorney General.)