DEGREASING RETURNS
HEAVY DROP IN ART UNION PROFITS f (Special to the 1 Star,'] INVERCARGILL, January 24. The profits from art unions are fall- ’ in it at a very rapid pace. A year or two ago the big art unions were bringing in a net return of about £14.000, biit now the returns have sunk to about £5 000. This information was given by the Prime Minister (Mr Forbes) to-day, when lie was asked by an athletic organisation for a grant from an art union . Mr Forbes said that relief ot distress was usually given first call on the proceeds. and after that grants were made to organisations of a charitable and social nature. Assistance was also given to organisations which had their bank advances guaranteed by members, some of whom were not nov. - in a position to meet the call on guarantors.
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Evening Star, Issue 21628, 25 January 1934, Page 2
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143DEGREASING RETURNS Evening Star, Issue 21628, 25 January 1934, Page 2
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