MEMORIAL FUND

Hawke's Bay Herald-Tribune, Issue 118, 4 June 1937, Page 11

MEMORIAL FUND

Telearaph— Prea» , Aasociation. )

Objectives Achieved

By

f WELLINGTON, Last Night. Both the Wellington and nationaj objectives will have been ^chieved when the first accounting is announccd later in the week, stated Hon. P. Fraser when opening the flag-planting ceremony in the city this morning in. iconnection with £*« Hing Gcorge V i Memoriai Pund. The amount decided upon for the j whole of New Zealand was £100,000. Pirst of all £25,000 from jthe Government, and when the amount of £25,000 was raised by voluntary subscriptions ■ and donations a further pound for ,pound subsidy right up to £100,000.. 'That was the jimit set, hut it looked as if it had to be surpassec^ The understanding now is that every £1000 over £50,000 to any amount will be subsidised pound for pound and that amount was well in sight. He would probably be able to announce on Priday that £50,000 had been reachod, but those who wished to give had no need to hesi.tate, for every shilling whethsr to-day afterwards would be subsidised.