TEMUKA BALANCE-SHEET FARCE

Timaru Herald, Volume CXLV, Issue 21086, 12 July 1938, Page 3

TEMUKA BALANCE-SHEET FARCE

Adoption Not Favoured By Delegates Fifth “Annual” Basketball Meeting There i.s every prospect that the 1938 I series of "annual meetings of the Temuka and District Basketball SubAssociation will last until the winter i.s over. The fifth meeting was held last night, and although it was anticipated that this would be the "annual meeting to end annual meetings” for 1933. yet another will be necessary as the balance-sheet has not yet been adopted. The responsibility for this is attributed to a "delay in completing arrangements with the Tennis Club." and a motion absolving the treasurer (Mr T. H. Paiki) from any blame for the delay was passed. At previous meetings no balancesheet was presented because the treasurer refused to produce one until he I had received the money from the queen carnival funds. At the last 1 meeting it was decided to place these J funds in the general account and I provisionally accept the receipt of the I Tennis Club for £lOO paid over for the Association’s share in the cost of the courts. I At last night’s meeting the treasurer presented an audited balance-sheet, but after discussion it was decided that it was unfair to expect the treasurer to draw up a full statement until an agreement had been reached with the Tennis Club. The balance-sheet showed that the revenue for the year had totalled £296 12 5. The proceeds from Hie queen carnival had been £265 11 4. but that £lOO had been paid away before thiamoney had been handed to the treasurer for the general account. This disbursement amounted to £43 17 6. There was a credit balance of £162 14 11. The treasurer said that had the money for the queen carnival not been included in the year's working, the statement would have disclosed a debit balance of £3 15 2. In spite of the fact that he personally did not favour accepting the receipt for the £lOO paid away without authority, the association at its last meeting directed that this course be taken and these instructions had been carried out. The way therefore became clear for him as treasurer to accept the remainder lying at credit in the queen carnival account, and to pay it into the general account. Mr Paiki added that when he had submitted the statement to the auditor (Mr F. Joynt) he had made it clear to that officer that the balance-sheet for the queen carnival fund was not handled by him. and that the onlycontact he had had with that fund was when he had accepted the cheque for £165 11 4. He had not yet received even for recording purposes a copy of the queen carnival balance-sheet. This he understood was held by Mr Dobson the president, but for some obscure reason it was being withheld from him (Mr Paiki) at least that was the imi pression he had of the position. | The president. Mr E. Dobson, pointed I out that the £lOO paid to the tennis club was not shown. Savings Bank Book Mr F. Naughton asked to see the Savings Bank book. Mr Paiki: It has come to my cars that someone went to the Postmaster to see how the money was being aid in "I admit doing that,” said Mr Naughton. "Mr Paiki's statement gives a false impression,” said Mr Dobson. "I said Detective Thomas had the queen carnival balance-sheet. This is not a balance-sheet that has been presen cd. It is a statement of receipts and expenditure. “Slipped on Job” Mr Paiki: I think you have slipped on your job. You gave us to understand that you would get clean conditions from the tennis club. Mr A. Oborn: We have the tennis club's receipt—that should be shown as an asset. "We haven’t a final agreement • id until the treasurer gets the receipt and the agreement it cannot be shown as an asset,” said Mr R. Armstrong. Mr Dobson: It i.s still an asset. Mr Armstrong: Not from the treasurer's point of view. "We can only show the share in the courts as an asset out of the air,” said Mr Paiki. Mr Oborn moved that trustees be appointed to complete an agreement with th? tennis club and that the adoption of the balance-sheet be deferred. The motion was carried. Another "Annual” Meeting “That means another ‘annual’ meet- , ing,” remarked a member. Mr Armstrong then moved: "That the Association admit that the balancesheet was only being held up by the delay in completing arrangements with the tennis club and that internally

its affairs are quite satisfactory.” Thi : motion also was carried. When Mr Paiki asked for further instructions about the £lOO, Mr Armstrong moved that the treasurer b> authorised to bring in the £lOO equity in the courts as a donation from the carnival funds. "We could get our money out bui w? don’t want to spoil the good name of basketball in Temuka,” said Mi Armstrong. The motion was carried.