Olympian grant
PA Wellington A grant of $lOO,OOO has ! been made to the New Zealand Olympic and Com- ( monwealth Games Associ- ; ation to start a fund to finance teams to future Olympics. ; The grant made by the i Lottery Board was an- | nounced yesterday by the i Minister of .Internal Affairs ■(Mr Highet). i "The idea of this fund is | to lessen the recurring diffiiculty of raising money to
i send our Olympic teams away every four years,” Mr ; Highet said. "The association hopes eventually to build the fund up to more than $500,000 and to use the income from (the fund'towards the cost of future team travel outfitting. ■ accommodation, and partici- 1 ■ pation at the Games.” : The Minister said that the; ! Government was also contributing $90,000 to the cost’ ; of sending the New Zealand team to the Moscow Olymi pics.
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Press, 11 October 1979, Page 40
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141Olympian grant Press, 11 October 1979, Page 40
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