FOR PR.3SS

m

TRUST FUND t o  p r o m o t e  t r a i n i n g  i n  n u c l e a r  s c i e n c e

'  AND TECHNOLOGY '

Statement by the Minister for National Development the

Hon. David Fairbairn, D.F.C., ÃÂ. P. ,

The Minister for National Development the Hon. David Fairbairn

announced today that Directors of United Uranium N. L. 2b.ad set

aside the sum of Â£10,000 for the purposes of establishing a trust

fund, the capital and income of which would be used for the

promotion of the training of scientists and technologists in fields

of atomic energy.

The Minister said that the trust would support, in a practical

and valuable way, the aim of the Atomic Unergy Commission, which

is to build up in Australia a body of scientists and technologists

skilled in all fields associated with atomic energy so that the

necessary specialists will be available in Australia when required.

The gesture is therefore a generous and public-spirited expression .

of the Company's belief in the part that atomic energyÂ· will play

in the development of Australia.

United Uranium N. L. is one of the Companies which has recently

completed a contract for the supply of uranium concentrate to the

United Kingdom Atomic Snergy Authority, and the trust fund

represents portion of the profit derived from that contract.

The Company has invited the General Manager of the Atomic

Anergy Commission, Mr. M.C. Timbs, and the Pro Vice-Chancellor of

the University of New South Wales, Professor Rupert Myers, to

become Trustees of the fund, and the trust monies, including

the' income therefrom, will be distributed in the descretion of the

Trustees in support of the training of selected personnel at

the recently established Australian School of Nuclear Technology,

or at Universities in Australia which promote the study of nuclear

science and technology.

CANBERRA

50th August. 196U.

