CLAIMS BOARD

Wairarapa Times-Age, 27 May 1941, Page 7

CLAIMS BOARD

WAIRARAPA PATRIOTIC ASSOCIATION RECEIPTS AND PAYMENTS. TWENTY-FIRST ANNUAL REPORT. The twenty-first annual report of the Claims Board of the Wairarapa Patriotic Association for the year ended March 31, 1941, states: — “The total receipts from all sources, from the inception of the fund in 1915, down to March 31, 1941, amount to £229,723 5s lOd, and the total payments to £207,760 18s lid, leaving a net balance of funds in hand at this date of £21,962 6s lid, a decrease of £959 5s 2d on the previous year. The total cost of administration over 26 years is £10,401 6s Bd, or 4.5 per cent of the total contributions, or 2.3 per cent of the total receipts plus total payments aggregating £437,483. Interest from investments has yielded £40,840 16s gross, and £34,588 Ils 3d net. £sd £ s d Advance to soldiers 104,383 18 8 Repayments 67,391 10 3 Writings off 27,550 15 10 : 94,942 6 1

Leaving outstanding 9,441 12. 7 "Loans converted to grants during the year amount to £62 13s. Altogether the sum of £2,913 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 4s, of which £555 4s was from interest. Expenditure for the year was £773 13s sd. exceeding income by £l5B 9s sd, and depleting the funds by that amount. ADVANCES TO SOLDIERS. "Outstanding advances to soldiers' are classified as follows: —First Mortgages (12), £2.835 Is 3d; Second Mortgages (21), £3,065 8s Id; Third Mortgages (4), £BO6 14s 3d; Guarantees (2), £468 0s 3d; Chattels Securities (5), £902 19s 6d; Agreements to Repay (4), £156 13s 8d; Sundry (5), £793 7s 9d; Unsecured Loans (9), £413 7s lOd; total (62), £9,441 12s 7d. “During the year the board sat on twenty-two occasions, the following business transactions receiving the Board’s attention: — Applications for loans, 6; applications for temporary relief, 61; reconsideration of cases, 135; sundry other matters, 45; total, 247. The board extends its thanks to the branch committees for services rendered in supplying reports on various cases, and to all kindred societies for like services.”

The report is presented on behalf of the board by Mr H. M. Boddington, chairman.