ACCOUNTANTS' INSTITUTE

Otago Daily Times, Issue 24403, 14 September 1940, Page 8

ACCOUNTANTS' INSTITUTE

WAR DIFFICULTIES DISCUSSED The forty-seventh annual general meeting of the Incorporated Institute of Accountants was held in Wellington last week. The president, Mr Will Appleton, presided over a good attendance of members. Moving the adoption of the annual report and statement of accounts, */Ir Appleton pointed out that there were now «80 members, comprising 188 fellows and 292 associates. This represented an increase of 10 for the year. Many of the members were eitner on active or home service, or were waiting to be called up, and the council decided to remit the subscriptions of all those who had enlisted and been accepted. Referring to the travelling scholarship. Mr Appleton explained that Mr N. H. Chapman, of Christchurch, the third holder, had been fortunate in securing a position with a leading firm of chartered accountants In London. Mr Chapman had wished to join up with the N«w Zealand contingent, but was persuaded to stop where he was because there was a great shortage of audit clerks, and it was felt that his services would be of more use nationally in the profession at this juncture than in the army. The annual statement of accounts, said Mr Appleton, showed an excess of income over expenditure for the year of £7 5s Bd, and the accumulated fund now amounted to £3030 lis. The following members of the council were re-elected:— Wellington, Mr J. L. Arcus; Auckland. Mr D. H. Steen; Christchurch. Mr H. Bicknell: Dunedin, Mr H. H. Henderson. As it was thought desirable to have a councillor resident In Nelson, Mr C. Milner, of that city, was elected in place of Mr E. J, Harvey, of Blenheim. Mr G. J, J. Fell was re-elec-ted auditor. At the subsequent council meeting Mr H. H. Henderson (Dunedin) was elected president for the ensuing year, and Mr T. Auton (Christchurch) was elected vice-presldnt. Mr D. R. Menzies was re-elected treasurer and Mr R, C Morpeth was re-elected secretary. The future of the travelling scholarship, which is granted every other year, and is of the value of £l7O per annum, tenable for two years, was discussed, and it was decided that for the duration of the war it would be Inadvisable to make any further awards. It was decided, however, that the amount of the scholarship should be placed to a scholarship fund each year, this fund to be used to grant scholarships at the conclusion of the war. On the suggestion of Mr T. Auton (Christchurch), a sub-committee consisting of Messrs Appleton, Arcus, and Menzies was set up for the purpose of submitting proposals to the council for the granting of Expeditionary Force scholarships to members of the institute serving overseas, such scholarships to be taken up at th>e termination of the war.