The NSW Chiropractic Student
Trust Fund was established on 26th March 1964 when a Trust
Deed was made between Stanley William Bolton, Owen James
Martin and Beverley Hunter Job and the New South Wales
Branch of the Australian Chiropractors' Association.
S.W. Bolton was a founding
member of the ACA, O.J. Martin graduated in 1940., Beverley
Job was a patient of Owen Martin's and a councillor on
At this time there was a
concern over the supply of chiropractors with mainstream
training, particularly in light of the financial
difficulties caused by travel to the USA. One of the
original concepts of the fund was to put Australian students
on a geographically equal footing with their American
counterparts by assisting with the cost of a ship fare.
Early beneficiaries had their grants paid directly as
tuition fees to Palmer College. Tuition fees at this time
were about US$200.00 per quarter or roughly $3000.00 per
quarter in today's dollars.
The fund was initiated by a
motion moved by Stanley P. Bolton, seconded by James Maxwell
at a committee meeting of the ACA (NSW Branch). James
Maxwell made the initial offer of fifty pounds to establish
This was an extraordinarily
generous offer, being the equivalent of $18,000 in 2008.
Prior to the appointment
of the current trustees in 1996 the fund had not made a loan
for 6 years. From the fundís establishment in 1964 until
1990 it had assisted a total of 25 students.
As the fund appeared to exist
without purpose moves were made to wind it up and transfer
the funds to the Australian Spinal Research Foundation.
A proposal was made to
continue the fund with the support of the Chiropractors
Association of Australia (NSW). New trustees were appointed
and the CAA resolved to give an annual donation of
By 2008 the fund had
made 45 loans to the
value of $158,000 to 40 chiropractic students. This may not
seem a large sum but to the students involved it has
made all the difference.
9 of those students
obtained their training overseas, the remainder obtained it
in Australia and one received a travel grant for post
assets of the fund in 2008 consist of approximately
From it's inception the trust
fund has provided valuable financial assistance to a number
of chiropractors. Several of those who benefited from the
trust have related how it "saved their lives" at the time.
The condition that beneficiaries must return to NSW has
meant that a number of chiropractors have returned to NSW to
practice when otherwise they would have gone elsewhere.
For a number of beneficiaries
who have returned and had major impact on the association
and the profession the "return" on those funds is beyond
While there are students of
chiropractic there will be those to whom expenses incurred
during their training will create hardship. In particular
there will always be students whose desire to become a
chiropractor is restricted or postponed due to financial
For these students, and for
the benefit to the profession in years ahead, the trust fund
seeks to provide financial assistance in the form of low
interest loans or grants.