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Carnegie United Kingdom Trust

Nature volume 162, page 269 (14 August 1948) | Download Citation



THE thirty-fourth annual report of the Carnegie United Kingdom Trust for the year 1947 emphasizes the increasing rate of expenditure, which rose from £120,000 in 1946 to £160,000 in 1947, thus exceeding the annual expendable income of about £133,000. The quinquennial policy for 1946–50 was framed on the assumption, however, that during the period a substantial part of the accumulated savings of the war years would be applied as annual revenue, and the Trustees are more concerned at a second feature of the period—the increasing proportion of expenditure allocated to the provision of services rather than buildings or capital assets.

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