ASSETS TOTAL £72,000
LABOUR PARTY FINANCES £40,928 FUND FOR NEWSPAPER [by telegraph—own correspondent] WELLINGTON, Tuesday With total receipts of over £75,000. the New Zealand Labour Party paid more for -wreaths last year than it did in income tax. The receipts and payments statement, adopted by the Easter conference of the party last night, recorded payments for wreaths as £8 6s od, as against income tax at £8 2s lis. Social security tax amounted to £2 16s 3d. Other items of payment were as follows: —Salaries, £1171; affiliation fees refund, £2938; national campaign fund, £592; Labour Daily appeal, £1245; organising, £200; Holland Memorial, ;C2 " 18s 4d; annual conference, £l4O. Cash in the National Bank totals £55,084, and in the Post Office Savings Bank £12.658. The balance-sheet for the year ended February, 1940, shows an excess of income over expenditure of £6021 and total assets of £72,445. The Labour Dailv fund is set down at £40.928.
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Bibliographic details
New Zealand Herald, Volume LXXVII, Issue 23615, 27 March 1940, Page 10
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154ASSETS TOTAL £72,000 New Zealand Herald, Volume LXXVII, Issue 23615, 27 March 1940, Page 10
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