NEW ZEALAND WAR FUNDS

Taranaki Daily News, 21 July 1933, Page 7

NEW ZEALAND WAR FUNDS

COUNCIL’S ANNUAL MEETING. ACCUMULATED FUNDS £148,626. By Telegraph—Press Association. Wellington, July 24. The annual meeting of the National War Funds Council was held yesterday, the Hon. J. A. Young presiding. The accumulated funds and trust accounts were shown as £148,626, the expenditure over income being £BB7l. The fact that expenditure had exceeded the income for the past four years by £21,000 was noted, and gratification was expressed that notwithstanding the assistance accorded the council- would be able to function for many years. _ The number of loan applications being received was referred to, and a ruling was giyen that at this date loans should not be acceded to unless the circumstances were exceptional, this being the policy of patriotic societies generally. The grants for relief of distress arising out of unemployment remitted to 51 societies totalled £lO,OOO. The council was unanimous that this relief was still needed and that in these difficult times the ex-soldier was deserving of and entitled to full consideration, and the vote should be renewed. It was resolved that the executive be empowered to expend £15,000 for the coming year. The I lock House subsidy of £7 Is 9d per boy was renewed. The executive was empowered to seek a grant from England to aid ex-Imperial ' soldiers.