COMPETITIONS LOSE

Dominion, Volume 23, Issue 6, 2 October 1929, Page 10

COMPETITIONS LOSE

SMALL DEBIT BALANCE

A debit balance of £7B 2s. 4d. was disclosed in an interim statement of the financial result of the Wellington Competitions Festival which was presented at a meeting of the executive last night by Mr. W. E. Fuller, bon. treasurer.

The receipts totalled £1478 16s. Bd., which included the following (figures in parentheses are for preceding year):—Subscriptions, £l6O ss. 6d. (£206 16s. 6d.); entry fees, £lB3 16s. 6d. (£l9O 165.); takings at doors and bookings, £641 9s. 6d. (£834 7s. 6d.); sale of programmes, £B7 ss, 6d. (£lO5 ss. 2d.); advertising, £286 7s. (£334 18s.); cash donations, £33 7s. Bd. (£7O 16s. 6d.) ; interest, £B5 15s. (£B7 14s. od.). In addition amounts outstanding were: Subscriptions, £3; advertising, £314 Is.; donations, £35 9s. This made a grand total of £lB3O 16s. Bd. J The disbursements amounted to £1903 195., and included the following: Rent of office and lighting, £6B 18s. 7d. (£6B 18s. 7d.); advertising and printing, £5l Bs. Bd.; judges’ fees, £225; salaries, £356 16s. 10d.; prizes, scholarships, £lBl os. 6d.; incidentals, £37 16s. Id. Accounts passed for payment last night for printing programmes, syllabus, rent, etc., amounted to £982 18s. 4d. The debit balance of £73 2s. 4d. was covered by Government stock. The statement was received.

Pruning Not Far-reaching Enough.

Mr. F. Campbell said the pruning which had been done had had some effect, but was not far-reaching enough, and they should go further into the matter of effecting economies which would at least make accounts balance. The results showed that they were on the right track, and if the matter were gone into further by a sub-committee, he thought that next year they would accomplish that end. Mr. Byron Brown suggested that the whole business wanted reorganising and new ideas brought in. In reply to a question, Mr. Fuller said that judges’ fees were £lO5 less than for the preceding year.

A sub-committee was appointed to bring down a report for the next meeting regarding the financial position, and to make suggestions for future guidance. ________