If the enterprise requires legal, accountancy or banking assistance while the McKenzie Trust has a shareholding then it strongly recommended that such assistance should be obtained through the firms represented by the relevant trustees at the time the service is required, at normal commercial rates, for a period
The applicant may buy back all of the shareholding, by giving written notice to the Trustees, at the following rates:
- From grant to first anniversary at a rate of 1.35 times the grant
- From the day after the first anniversary to second anniversary at a rate of 1.6 times the grant
- From the day after the second anniversary to third anniversary at a rate of 1.85 times the grant
- From the day after the third anniversary to fourth anniversary at 2.15 times the grant
- From the day after the fourth anniversary to fifth anniversary at a rate of 2.5 times the grant
- From the day after the fifth anniversary at 2.88 times the grant plus 10% compound interest to be calculated from the fifth anniversary to the date of repurchase.
These multiples may occasionally be reduced if special circumstances warrant but applicants should appreciate that the Charity needs to replenish its funds so that new applicants can also be helped.
The McKenzie Trust shall hold the investment, if not repurchased as above, for a minimum period of five years. After five years from issue they shall be free to sell all or part of the shareholding to any other person or corporation, but will not do so at less than the amounts calculated above without the written permission of the applicant or his assigns.
The McKenzie Trust shall not be entitled to any remuneration by virtue of their shareholding other than dividends which are payable to all shareholders.