Y.M.C.A. WAR FUNDS.

New Zealand Herald, Volume LVI, Issue 17256, 4 September 1919, Page 7

Y.M.C.A. WAR FUNDS.

BALANCE-SHEET CRITICISED

RETURNED SOLDIERS' REVIEW.' [BY TELEGRAPH. —PBESS ASSOCIATION-.] WELLINGTON, Wednesday. The general secretary of the New Zea- ! land Returned Soldiers' Association, Mr. I D. Seymour, in a lengthy statement issued ' last night, pointe out that it is close upon a fortnight since the National Executive of the Young Men's Christian Association , promised to secure for publication the i report of the auditors on the war funds' ! balance-sheets. His association was consequently unable to delay longer in publishing an answering statement. ' The statement remarks that the Re- I turned Soldiers' Association regrets that : the figures now published fall short of what they are supposed to represent, : namely, a full statement of the income and expenditure of the patriotic account controlled by the trustees and executive ; of the Y.M.C A. war fund and a balance- i sheet of Dominion transactions Sub- - sidiary accounts in connection with : coupons, and the Soldiers' Hostel in Boulcott Street see light for the first time, while the London statements cover a different period from the Dominion accounts, and prove worthless in any attempt to arrive at a reconciliation with i the main account. |

" The statement now before the public,"' the general secretary continues, "strengthens the opinion previously held that an independent inquiry into the management of patriotic funds is needed in the interests both cf subscribers and of the men whom it was intended to relieve. After examination of this reply the Returned Soldiers' Association feels fully justified in maintaining that the explanation made by the Y.M.C.A. executive, not only does not prejudice the attitude of the Returned Soldiers' Association in its demand for a commission of inqu'rv, but actually strengthens the Returned Soldiers' Association's case by admitting careless and faulty accounting and the use of funds for other purposes than those for which they were subscribed."