AT a final meeting of the committee and representatives of the subscribers to the Mayor of Swansea's 1947 Mumbles Life-boat Disaster Fund, which was held at the Guildhall, Swansea, on the 4th of June, a scheme was approved for the administration of the Fund and for the payments to be made out of it to the widows, children and other dependent relatives of the eight men of the life-boat crew at The Mumbles who lost their lives on April 23rd, 1947. On June 12th the final signatures were put to the trust deed.

The total subscribed to the Fund was £94,804, and payments had then been made out of it to the dependents amounting to £4,174. At the meeting on the 4th of June audited accounts were submitted giving full details of all monies received, and of the payments made by those who were responsible for the administration of the Fund until the final scheme had been prepared and approved. No fee or payment of any kind for its administration had been made out of it since it was opened thirteen months before. All the work had been voluntarily done by the staffs of the Mayor and Treasurer of Swansea, by actuaries, accountants and lawyers who had been concerned in the preparation of the scheme, and by the offices of the South Wales Evening Post, Swansea, and the Western Mail, Cardiff.

Under the trust deed the Fund, now amounting to £90,574, Avill be administered by the Midland Bank Executor and Trustee Company, and payments will be made of £6 a week to each widow; £1 a week for each child up to the age 'of 18 years; 10/— a week for each child between 18 and 21; £300 to each child on reaching the age of 21; and £2 a week to each dependent parent. These payments are based on a report by the honorary actuaries, who estimated that if they are made, the Fund will be exhausted by the time there is none left dependent on it..