Games appeal target $2M
PA Auckland The New Zealand Olympic and Commonwealth Games Association has set a fundraising target of $2 million to send a team of up to 200 to the Olympic Games in Los Angeles next year. The first of several sponsorship appeals was launched in Auckland yesterday, with Marac Holdings, Ltd, pledging to raise a minimum of $70,000. The Prime Minister, Mr Muldoon, on behalf of the company, presented the association’s president, Mr Lance Cross, with a pure gold medallion (3mm thick and about the size of a dinner plate) worth that amount.
Similar sponsorships appeals are expected to raise about $1.4 million.
In its fundraising drive, the company will issue Olympic gold bonds at a cost of $9OO. They will be redeemable after one year for $lOOO — an interest rate of 11.1 per cent.
Each bond-holder will be eligible for a weekly draw with a one troy ounce gold medallion (a replica of the bigger version) as the prize. All bond-holders will go into a draw for a return trip for two to the 1984 Olympic Games.
Among the guests at the function were some former New Zealand gold medallists: Yvette Corlet (nee Williams), who won in 1952, Jack Cross and Norm Read (1956), Murray Halberg (I 960 Tony Hurt (1972) and John Walker (1976).
Guests were shown films of several New Zealand successes, including Jack Lovelock’s win in 1936, the hockey gold in 1976, Peter Snell winning in Tokyo, John Walker in Montreal, and, as a bonus, the double victory in the world rowing championships last weekend.
Games appeal target $2M
Press, 10 September 1983, Page 64
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in