£100,000, Gift to Royal Institute of International Affairs London, July 8.
The Mansion House. was- the scene of a strikingly brilliant gathering to-night on the occasion of a banquet given in honour of Sir Abe Bailey, the well-knowr South African mining magnate, and Lady Bailey, by the Royal Institute of International Affairs, to commemorate the gift of $100,000 made by Sir Abe Bailey to the Institute, The Prince of Wales presided, while among those present were several Cabinet ministers, several members of the late Government and leading representatives of various interests in Great Britain and other parts of the world, Proposing the toast of Sir Abe and Lady Bailey, the Prince of Wales conveyed his thanks for the handsome donation given to the Royal Institute. of International Affairs, the income from which, he remarked, would halve the burden of £10,000 a year required by the Institute, apart from the running expenses' which were furnished by the members.
The Prince recalled the fact tha! Chatham House, the historic headquarters of the Institute, had been presented as a gift by Colonel and Mrs. Leonard, two well-known Canadians. He added that Sir Daniel Stevenson, a former Lord Provost of Glasgow, had furnished '£1,000 a year towards the expenses of the Institute, and that banks, the livery companies and other contributors had promised substantial! annual subscriptions, and even greater assistance inthe shape of valuable information bearing on international relations in the task of promoting peace.
Text read from the printed page and cleaned; old type leaves the occasional error.