FINANCIAL SIDE

Waikato Times, Volume 127, Issue 21200, 24 August 1940, Page 9

FINANCIAL SIDE

FUNDS IN ALL DISTRICTS EXEMPTION FROM REGULATION (By Telegraph.—Piess Association) WELLINGTON, Friday The Minister of Finance, the Hon. W. Nash, announces that the fighter aeroplane gift fund is being exempted from the patriotic fund regulations so long as the funds are collected before September 30. All collecting organisation., must obtain .the consent of the Minister of Finance. • To enable all parts of New Zealand to be adequately represented in the gif* . the Government has decided to prolide for collections in all the provincial patriotic districts, namely, Auckland, East Coast, Hawke’s Bay, Taranaki, Wellington, Marlborough, Nelson, Canterbury, Otago, Southland and Westland. The United Kingdom Government is being asked to name the planes purchased after the districts where the funds are collected. Mr Nash adds that in view of our commitments overseas the gift to the Eritish Government, which it is understood will be sufficient to provide 16 fighter aeroplanes, must be limited to £IOO,OOO. Provision for these funds will not increase the supply of these planes, as the factories are working to capacity, but will indicate the appreciation of the Dominion of the outstanding achievements of the Royal Air Force.