CANTEEN FUND
£lOOO GRANT PER YEAR TO TRENTHAM SCHOLARSHIP
At the recent annual meeting of the N.Z.E.F. Canteen and Regimental Trust Board the balance-sheet showed the total funds to be £172,360 10s., placed as follows: —lnvestments at 6 per cent., £80,000; investments at 5| per cent., £50,000; investments at per cent., £21,500; investments at 5f per cent., £20,8(30 10s.; total, £172,360 10s. The transactions since the previous annual report on February 28, 1924, were as follow: —Balance at February 28, 1924, £162,896 9s. 4d.; receipts during year for sales of histories, £1864 4s. 4d./ receipts during year fpr interest, £9599 17s. 9d. Total, £174,360 Ils. sd. Less payments for histories, £1928 Bs. 10d., and administrative and miscellaneous expenses, £7l 12s. 7d., leaving a balance of £172,360 10s. A grant of £lOOO per annum for ten rears from the interest earned was approved to the Trentham Scholarship Fund to assist in the education of children of deceased and disabled, soldiers. The policy of the board remains the same, viz., :he preservation of the funds for reLef purposes in a similar manner to the various war relief funds, as the latter become exhausted.
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https://paperspast.natlib.govt.nz/newspapers/DOM19250324.2.35
Bibliographic details
Dominion, Volume 18, Issue 152, 24 March 1925, Page 6
Word Count
191CANTEEN FUND Dominion, Volume 18, Issue 152, 24 March 1925, Page 6
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