ART UNION PROFITS
DISBURSEMENT OF FUNDS
(Par'iamentary Reporter.! WELLINGTON, this day
The Under-Secretary of Internal Affairs gives the financial details of nine art unions for £SOOO prizes during the past year. The gross sales in tickets realised £182,109. commission cost £27,316, expenses were £26.356 and prizes absorbed £45,000, leaving th e net proceeds at £83,427, on which lottery duty of £18,210 was charged. The net profit was £65,216, Of which £45,000 was distributed to various mayoral and other recognised central, funds established in the relief of distress, making a total of £325,000 made available from this purpose during recent years. The balance was allocated to charitable and philantropic organisations, including children's home and Orphanages.
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20017, 16 August 1939, Page 12
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114ART UNION PROFITS Gisborne Herald, Volume LXVI, Issue 20017, 16 August 1939, Page 12
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