HC Deb 30 March 1911 vol 23 cc1665-6W
Mr. GUINEY

asked in what manner were the buildings erected in the town of Newmarket out of the moneys bequeathed by the Aldworth family vested in the townspeople; how did the market-house revert to the Aldworth family, the money having been advanced by the Commissioners of Charitable Bequests to pay for its erection; what were the gross earnings of the Newmarket Loan Fund Society for the year 1910; what were the expenses of administration; and how were the profits distributed?

Mr. BIRRELL

In November, 1841, the Commissioners of Charitable Donations and Bequests sanctioned a scheme by which £350, portion of the Aldworth Bequest to the town of Newmarket, was to be devoted to the erection of a market house, upon Mr. Aldworth, the then owner, executing a lease of the site for three lives or sixty years, and it may be inferred that the market house reverted to the Aldworth Estate on the expiration of this lease. The money was not advanced by the Commissioners, but by the executors. The gross earnings of the Newmarket Loan Society for the year 1910 were £55, and the expenses of administration during that year were £54. The profits were added to the society's reserve fund.