§ Mr. Quentin DaviesTo ask the Secretary of State for Defence what arrangements have been made for the winding up of the Gulf trust.
§ Mr. HanleyThe trust deed governing the Gulf trust expires on 31 July. As originally envisaged, the united services trustee, which is the trustee of the trust, will pass the remaining money, including the accrued interest, to the three service benevolent funds—the King George's Fund for Sailors, the Army Benevolent Fund and the RAF Benevolent Fund. It is the three service benevolent funds which have been dealing with individual applications for assistance from the Gulf trust from eligible personnel. The provisional amounts being passed to each of the benevolent funds are set out; these may change marginally to take account of payments out and interest accruing between 11 July 1994 and the date the Gulf trust is formally wound up. The money will be held separately for the exclusive use of those eligible to benefit from the Gulf trust for as long as is necessary to ensure, so far as reasonably practical, that all accepted claims are fully provided for. This will be for a minimum of 10 years. Provision is also being made for portions of the money to be transferred between the benevolent funds, if necessary, 381W for the benefit of personnel covered by the Gulf trust. These arrangements are designed to ensure that the objectives of the Gulf trust continue to be met and in particular fulfil the stated intention of meeting needs arising from the conflict over the long term.
£ King George's Fund for Sailors 153,108 Army Benevolent Fund 2,238,318 RAF Benevolent Fund 427,017