Memo from the Chairman (Clifford Grinstead) to the Deputy Chairman and Administrator re Macfarlane Trust creating a loan to a family with financial difficulties due to a failed commercial venture. Memo sets out reasons why development of the trust in this way is in the interest of the Trust or the beneficiaries - includes inappropriate use of charity funds the burden of replacing one debt on the beneficiaries with another and what regulations would prevent this move happening. Discussion of Paisner & Cos loan agreement included.