Swimming Assn Has Money To Spare

Press, Volume CX, Issue 32213, 4 February 1970, Page 20

Swimming Assn Has Money To Spare

In addition to $3400 from the proceeds of the national “swimarama”, the New Zealand Swimming Association had more than $5OOO of uncommitted cash on hand, the council of the association was told at its monthly meeting in Christchurch last evening.

The treasurer, Mr J. R. Turpin, said there was $26,077 in bank assets, of which 813,207 had been set aside for specific purposes and another $7500 bad been allocated but not yet spent Included in the $13,207 was the proceeds from the “swimarama,” which has already yielded $3413 for the association and should finally total $5OOO. The “swimarama” proceeds will go to the tour fund, but the extra $5OOO will be used for sending a team manager and officials to the Commonwealth Games in July and the world swimming games in 1071.

“We have had as a target $lOOO in unallocated funds to meet unexpected costs and we have $5000,” Mr G. S. Brockett said. “Let’s keep it that way.” Mr A. J. Donaldson, the chairman, said that it was the first time that the association had had money to invest in a gilt-edged security. Two councillors were asked to investigate securities for investment Protest Declined

The council approved a recommendation of its executive that a protest from the Barbarians club, Auckland, against allegedly unfair lane drawing for the Auckland championships be disallowed. The club sent an eight-page letter of protest to the council stating that there had been "complicity of senior officials in the most unfair lane drawing ever used in the

The protest had already been heard by the Auckland centre and its chairman, Mr A. L. Shaw, spoke to the national council and answered questions on the dispute. Ratified. Twenty - three New Zealand records which were broken in the last month were ratified by the council It was the most national records broken in any month in recent years, Mr Donaldson said.