Chartered Accountant and attorney Christopher Ram yesterday appealed to the government to substantially increase the annual subvention to the National Library.
He was at the time handing over a cheque to the library for $700,000 from the Ram and McRae group of Professional Services Firms.
In his remarks Ram said: “We appeal to the government to increase substantially the annual subvention to this library, which currently stands at $270M, a sum that sounds significant to the average person, but is a mere $360 per person in the country. Against the background of this modest sum, we also call on our decision makers to designate the National Library as an institution for which donations as we make today qualify as tax deductible under section 35 of the Income Tax Act. The immediate impact is that donors can increase their contributions without any tax burden”.