WAR FUNDS

Evening Post, Volume XCVI, Issue 137, 6 December 1918, Page 7

WAR FUNDS

PROPOSALS IN A BILL The War Funds Act Amendment Bill, circulated yesterday, proposes to give power to the Supreme Court to establish schemes of administration of war funds, on the following grounds:—(a) That the fund has not been or is not being ueed in good faith for the purpose for which it was established ; or (b) that *my moneys or property belonging to the fund have been or are about to be im-, properly expended, invested, used, or disposed of; or (c) • that the fund has not been or is not being lawfully, honestly, and competently administered; or (d) that the purposes for- which tho fund was established are no longer capable of being adequately fulfilled in the public interest; or (c) that the purposes and trusts of the fund are insufficiently defined; or (f) that the fund is 1 no longer required in the public interest for the purpose for' which is was es* tablished; or (g) that the fund is larger than is reasonably required for ihe purposes thereof. Small funds (less than £500) may be transferred to the National War Funds Council, by the Minister, if he is satisfled that such funds are being' improperly administered. •Trustees of war funds are not to Bend any portion out of New Zealand without the Minister's consent, For the pui'pose of securing due cooperation between the administration of war funds and the work of the Repatriation Board established by tho Repatriation Act, 1918, it shall be the duty of the trustees of every war fund to Bend to the Director of Repatriation before the fifteenth day of each calendar month a full and correct report of the administration of that fund .during the last preceding month. The Minister may direct an investigation of the administration and accounts of any war fund.