CANTEEN FUNDS

Sun (Auckland), Volume 1, Issue 72, 16 June 1927, Page 8

CANTEEN FUNDS

QUESTION OF DISPOSAL RELIEF OF UNEMPLOYMHH (From Our Resident Cor respondent.} : ' WELLINGTON. Wednesday.. - Unemployment among ex-soldier# was referred to at the Returned Soldiers’ Conference, and complaint • was made that the canteen funds had been tied up for 15 years on account of the money being earmarked for veterans’ homes. It was thought by some members that the funds should be utilised for the relief of distressed out-of-work soldiers and the conference passed this resolution: “That in view of the unemploy* ment existing among returned soldiers, this winter, it be made a recommendation to the Canteen toward relief, to be administered Funds Board that portion of the income from the fund be app»*irf y by local associations throughout the country.” It was arguod that no rule in Redistribution of the fund coiiKi established, but associations cotlW* satisfy local requirements. VETERANS’ HOMES A sub-committee recommended - “That the Dominion Conference confirm the attitude* taken up by the turned Soldiers’ Association in past, that the corpus of the Fund be conserved, and further commends that the fund be eventua used for the pm pose of erecting ' rans’ homes as soon as the neces -j arises.” , ** The resolution was carried, an<l was resolved that it be a rec °. m ®*T' dation to the executive to set special committee to investigate question of a veterans* home, ana ■ it was desirable that suitable jj|» should be acquired. r'mtcen The present position of the e»» - Fund was reported on by Colon Ald red. He said that the total :nn on February 28. 1927. was £ 1J« ” which was invested as follows. f# In hi per cent Inscribed StocK, s 0 maturing 1936 . . . - • • •; : * In 5| per cent Inscribed g 0 0 ,,„ maturing l/8/’27 .. • • *' '' In 65 per cent first roorigag securities, 1929 .• •• • ’ _ ‘ In 5i per cent local body tures. repayable at the t *4,r>otf‘ of £2.400 per annum 4.196 J Cash in Treasury .. m \ . *