AERO CLUB
BUSINESS AT ANNUAL MEETING. GOOD POSITION DISCLOSED. The annual meeting of the Wairarapa and Ruahine Aero Club was held this morning, the president, Mr A. McDonald, occupying the chair. The accounts for the year ending on March 31. said Mr McDonald, showed the club to be in a very sound and liquid position and to be in an excellent position for commencing active operations when the war ended. During the year the mortgage had been substantially reduced and the income was now sufficient to meet all obligations and leave a small annual surplus. Several other speakers congratulated the club on the results achieved and referred to the useful part played in the war by the club's personnel and its far-sighted policy in the past. Mr P. F. Fagan said the bulk of the club's liquid assets had been loaned to the Government free of interest for the duration of the war and the club was in the satisfactory position of being able to carry on without charging any fees to its members under the standstill agreement adopted last year. The statement of accounts and the budget for 1943-44 were adopted. The officers remain in office for the duration of the war, in accordance with the special resolutions passed at the annual meeting last year.
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Wairarapa Times-Age, 31 July 1943, Page 2
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216AERO CLUB Wairarapa Times-Age, 31 July 1943, Page 2
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