ART UNION PROFITS
OVER £BO,OOO FOR YEAR TOTAL OF £66,850 ALLOCATED A net profit of £80,956 was made from the £5OOO gold art unions helo during the year ended March 31 last, according to the annual report of the Department of Internal Affairs for that period which was presented in the House of Representatives on Tuesday. Eleven of these art unions were held and the gross sales amounted to £224,657; commission on sales amounted to £33,698; expenses, to £32,537; prizes, to £55,000; net proceeds, to £103,421; and lottery duty, to £22,465. Of the net profit of £80,956, £66,850 was allocated for the relief of distress. This makes a total of £235,000 made available during the past four and a-half years from the art unions to the various mayoral and other recognised central funds established for the relief of distress.
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Bibliographic details
Wanganui Chronicle, Volume 80, Issue 251, 22 October 1937, Page 8
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139ART UNION PROFITS Wanganui Chronicle, Volume 80, Issue 251, 22 October 1937, Page 8
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