HELP FOR EX=SOLDIERS

Wairarapa Times-Age, 10 June 1940, Page 4

HELP FOR EX=SOLDIERS

ACTIVITIES OF WAIRARAPA PATRIOTIC ASSOCIATION. SUMMARY OF FINANCIAL POSITION. “The total receipts from all sources from the inception of the fund in 1915, down to March 31, 1940, amount to £229,108 Is lOd and the total payments to £206,987 5s 6d, leaving a net balance of funds in hand at this date of £22,120 16s 4d, a decrease of £959 5s 2d on the previous years,” states the annual report of the Wairarapa Patriotic Association. “The total cost of administration over 25 years is £lO,OBB 10s Id, or 4.4 per cent of the total contributions, or 2.3 per cent of the total receipts plus total payments aggregating £436,095. Interest from investments has yielded £40,285 12s gross and £34,033 7s 3d net. Advances to soldiers totalled £104,009 2s 3d; repayments, £66,489 3s Id and writings off £27,488 2s lOd, leaving outstanding £10,031 16s 4d. Loans converted to grants during the year amount to £797 Is Bd. Altogether the sum of £2913 15s lOd has been written off through the operations of the Adjustment Court, with the irrecoverable loss of that sum to the association. Income for the year was £615 2s sd, of which £551 2s 5d was from interest. Expenditure for the year was £1574 7s 7d, exceeding income by £959 5s 2d and depleting the fund of that amount.”