MOST GRACIOUS SOVEREIGN,
WHEREAS it has pleased Your Majesty to approve the suggestion that the occasion of Your visit to Canada and Your personal interest in the well-being of children should be marked by the establishment in Your Name of a Fund to be devoted to the furthering of research into the diseases of children and the prevention and cure of such diseases, to which all who wish in this way to make a gift to Your Majesty may contribute:
May it therefore please Your Majesty, that it may be enacted, and be it enacted by the Queen’s Most Excellent Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, as follows:
Short Title
This Act may be cited as the Queen Elizabeth II Canadian Research Fund Act.
Interpretation
In this Act, Council means the Medical Research Council established by section 3 of the Medical Research Council Act.
The Fund
There is hereby established a fund, to be known as The Queen Elizabeth II Canadian Fund to Aid in Research on the Diseases of Children (hereinafter called the Fund), which shall consist of all money, securities and other property received by the Council for the purposes of the Fund and shall include all income derived from the Fund and all gifts, bequests, appropriations and other contributions made to the Fund.
The purposes of the Fund are to assist individuals or organizations to undertake or carry on research into the diseases of children, and the causes, prevention and treatment of such diseases.
There is hereby appropriated for the Fund, out of the Consolidated Revenue Fund, the sum of one million dollars.
[Repealed]
Powers and Duties of the Council
The Council shall manage and administer the Fund in accordance with and subject to this Act.
The Council may make such payments out of the Fund for the purposes of the Fund as it considers desirable.
The Council may invest any moneys of the Fund in bonds or other securities of the Government of Canada and may sell any such bonds and securities.
The Council may appoint from among its members or otherwise such advisory or other committees as it considers necessary or advisable for the administration of this Act.
The Council may, for the purposes of this Act, acquire by purchase, lease, gift, bequest or otherwise any real or personal property and may own, hold, sell, manage or otherwise deal therewith in such manner as it may determine.
The Council may make by-laws for regulating its proceedings and generally for carrying out the purposes and provisions of this Act.
General
A gift or bequest to the Fund or to the Council for the purposes of the Fund shall be deemed to be a gift to Her Majesty.
[Repealed]