§ 91. Colonel YATE
asked the President of the Board of Trade whether the scheme for the permanent administration of the "Titanic" fund which has been approved by the Mansion House Committee, and embodied in a deed of trust, makes provision in that deed of trust for the formation, from any unexpended balance that may accrue, of a permanent fund for the relief of sufferers from future disasters at sea; and, if not, whether such provision will now be made?
The Board of Trade have no part in or control over the administration of the "Titanic" fund. I understand, however, that the disposal of the fund for the purpose of relieving the sufferers from the "Titanic" disaster has been worked out on an actuarial basis, with the object that no unexpended balance shall, if possible, ultimately remain. In the event of such a balance unexpectedly remaining, I understand that the question of its application is now under consideration by the Mansion House Committee.
I said I had no standing or control over the fund, and therefore clearly it is inexpedient that I should interfere in the matter.