U.N. FINANCE MAN ARRIVES

Press, Volume CI, Issue 29744, 10 February 1962, Page 14

U.N. FINANCE MAN ARRIVES

Bond Scheme Discussions

(N.Z. Press Association) AUCKLAND, Feb. 8. Mr B. Turner, a former New Zealand public servant who has become controller of the United Nations Finance Department, arrived in Auckland today in the Orcades. He is officially “on holiday” with his wife, but will confer with the New Zealand and Australian Governments to interest them in subscribing to the United Nations 200 million dollar bond scheme. “The United Nations is now indebted to the extent of 100 million dollars," said Mr Turner.

“There has been talk of the United Nations going bankrupt, but if the bond scheme is successful we will be able to clear our obligations and have enough to go ahead for another year.” The regular budget of the United Nations is 80 million dollars a year. It also has two more budgets supporting its forces in the Middle East (20 million dollars a year) and the Congo operation, into which 10 million dollars is pouring a month. Mr Turner, formerly of Christchurch, went to Washington in 1941 on the personal staff of Mr Nash, then Finance Minister. He stayed in America, joining the staff of the United Nations in 1946. He intends to retire once the bonds scheme is completed because he finds the pressure of work very exhausting.