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DECLINING FUNDS.

NATIONAL COUNCIL REPORT,

(By Telegraph—Own Correspondent.) WELLINGTON, Friday

The declining funds of the National War Fund* Council were commented on by the chairman. Sir Charles Luke, when the twenty-fourth annual meeting of the council wan held in Wellington.

The statement of accounts disclosed that the accumulated fund stood at £74,638 and the trust fund at £9251. The income and expenditure account showed a lower income than for the previous year, and that the excess of expenditure over income totalled £4509. Excess of expenditure over income from the past seven years had amounted to £83,600. The trust funds increased by ! £230. but this was mainly the result |of a transfer of interest. A transfer of £5000 from a society ceasing to func- ' tion is expected in the near future.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19390826.2.114

Bibliographic details

Auckland Star, Volume LXX, Issue 201, 26 August 1939, Page 13

Word Count
130

DECLINING FUNDS. Auckland Star, Volume LXX, Issue 201, 26 August 1939, Page 13

DECLINING FUNDS. Auckland Star, Volume LXX, Issue 201, 26 August 1939, Page 13