CANTEEN FUNDS.
HOW MONEY IS INVESTED. } DUNEDIN, April 21. Colonel A. E. Stewart, a member of the Canteen and Regimental Trust Fund Board, last nignt told those at the R.S.A. meeting how the funds were being disposed of. He said that the funds amounted to £196,000 and it was tho object of the board’to wait until the amount was £250,000. There was £1,000,000 among the patriotic bodies and that should be spent before the canteen funds wcio touched. The board had published tlie histories of all regiments and voted £1979 to the Trentham Scholarship Fund. The board had £186,000 invested as follows:—£80,000 in Government stocks maturing in 1936, £50,000 in Government stock maturing this year, £36,000 with the South Otago Hospital Board and £20,000 at 6 per cent, interest on a freehold estate. It had been suggested that £6OOO or £7OOO should be handed to the various returned soldiers’ associations for the relief of unemployment but he was very much against the proposal. The Government should act.
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Bibliographic details
Manawatu Standard, Volume XLVII, Issue 124, 23 April 1927, Page 6
Word Count
167CANTEEN FUNDS. Manawatu Standard, Volume XLVII, Issue 124, 23 April 1927, Page 6
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