C.A.A.

Press, Volume LXV, Issue 19735, 27 September 1929, Page 5

C.A.A.

TREASURER'S STATEMENT. The hon. treasurer of the Canterbury Automobile Association (Mr W. R. Carey) presents the following report of the Association's finances for the year ended July 31st, 1929: It is gratifying to report that the Association has had anothei record year; the total income from all sources amounted to £5649 19s 9d, against £5436 17s lOd for the preceding year, an increase of £213 Is lid. Subscription account showed an increase of £383 18s Id, but the Association's income from rents received was less than the previous year by £lB3 19s, accounted for no doubt, owing to the fact that a change of policy nad been adopted by the executive concerning the letting of the big room. After making adequate provision for bad and doubtful subscriptions and the customary writings off furniture and fittings, the excess of income over expenditure, as a result of the year's oporations, is £847 lis 9d. The balance owing to the Public Trustee, on account of reducible mortgage, at the beginning of the year, was £5386 18s 9d. During the year a further sum of £212 8s 9d was paid off the principal, leaving the amount owing at balance date £5670 10s. Accumulated funds. July 31st, 1929, stood at £8645 12s 6d. Have you anything to sell—-Do you wish to buy? If go, a small advertisement in the classified section of The P&ms will b« all you need. 12 words Is. three intentions 2s 6d. —6