Friends of the Turnbull Library

Turnbull Library Record, Volume XIII, Issue 2, 1 October 1980, Page 128

Friends of the Turnbull Library

Annual Report, 1979/80

Membership The number of financial members was 982 as at 31 March 1980.

Meetings The Annual General Meeting was held on 26 July 1979. It was followed by an address by Dr J. E. P. Thomson, describing early performances in New Zealand of Ibsen's The Doll's House. On 9 August, Dr David Branagan gave an account of the naturalist Samuel Stutchbury's visit to New Zealand in 1825-26, as part of his expedition to the South Seas on behalf of the Pacific Pearl Company. Dr Branagan, of the University of Sydney, is editing Stutchbury's journals held by the Library. The 18 October meeting was a special occasion to mark the exhibition of paintings by Sir Frederick Weld. Dr Jeanine Graham gave an account of Sir Frederick as 'Pioneer Pastoralist, Politician, Painter.' I am glad to report that his paintings have subsequently been added to the Turnbull's collection.

On 7 November Professor A. W. Crosby, Fulbright Research Scholar attached to the Library, spoke on 'Ecological Imperialism in New Zealand', a devastating account of the effects of imported flora and fauna. On 18 March 1980 a joint meeting was held with members of the Historic Places Trust, when Mr and Mrs Fawcett gave illustrated accounts of large Victorian buildings, and Victorian gardens. A Special General Meeting was held on 7 May in response to the Librarian's urgent request for greater financial support for the Turnbull Library Record. The meeting accepted the Committee's recommendation that the Friends approach the Endowment Trust for at least SIOOO per annum for the time being, and that the annual Subscription be raised to $lO, and that the Record continue to be sent to all members.

The debate was followed by a paper from Professor lan Milner on 'Nelson: The Early Days', as part of his biography of his late father, Frank Milner, Headmaster of Waitaki Boys' High School, the product of Professor Milner's researches while attached to the Library. It is with regret that I record the death ofjames Berry, 0.8. E., F.R.N.S. (N.Z.), the designer of New Zealand's decimal coinage, for many years a committee member and supporter of the Friends, and a benefactor of the Library.

J. R. Tye, President

FRIENDS OF THE TURNBULL LIBRARY

Balance Sheet as at 31 March 1980

1980 1919 $ $ ACCUMULATED FUNDS Balance at 1 April 1979 6,236.40 6,331 Income (Deficit) for Year 189.87 (509) 5,822 Add Transfer of Life Membership Reserve (Receipts to 1978) 6,426.27 6,237 Represented by: ASSETS Cash at Bank 494.58 991 Post Office Savings Bank Stock on Hand 1,719.19 2,023 Accrued Interest 2,213.77 3,339 INVESTMENTS Bank of New Zealand (Note 4) 1,300.00 United Dominions Corp Registered Secured Debenture Stock (Note 5) 3,000.00 3,000 6,513.77 6,339 LESS LIABILITIES Sundry Creditors 15.00 53 Subscriptions received in advance 72.50 50 87.50 103 6,426.27 6,236

NOTES TO THE ACCOUNTS Statement of Accounting Policies 1. The General Accounting Principles as required by the New Zealand Society of Accountants for the measurement and reporting of the result and financial position under the historical cost method have been observed in the preparation of these accounts. 2. Stock has been valued at cost. 3. Receipts during the year for life membership have been included as income. 4. Term Deposit with 8.N.Z.: SBOO at 8.5% maturing 2/4/80 (Renewed) Investment with 8.N.Z.: SSOO at 11.0% maturing 21/8/80 5. Deposits with U.D.C. Group Holdings Ltd: S2OOO at 13.25% maturing 21/3/1981 SIOOO at 15.00% maturing 22/12/1983

Statement of Income & Expenditure for year ended 31 March, 1980

1980 1919 $ $ INCOME Subscriptions General 4,883.58 4,744 Life members 600.00 450 Profit on Sale of Publications 1,770.69 859 Interest 313.09 409 Donations 246.99 174 Subsidy from Alexander Turnbull Library Endowment Trust 1,000.00 8,814.35 6,636 EXPENSES Printing and Stationery 343.46 181 General Expenses 10.00 28 Audit Fee 179.51 191 Library Record Printing 7,369.00 6,261 Postages 470.54 288 Meeting Expenses 73.90 9 Lecture Fees 70.00 75 Clerical Wages 36.00 83 Magazine Subscriptions 32.07 29 Advertising 40.00 8,624.48 7,145 EXCESS OF INCOME OVER EXPENSES 189.87 (509)

AUDITOR'S REPORT We have examined the records of the Friends of the Turnbull Library for the year ended 31 March 1980. In our opinion the Statement of Income and Expenditure and above Balance Sheet correctly sets out the financial position and the transactions for the year, according to the records and explanations given to us. We have accepted the Secretary's certificate as to the quantities and values of stock of the Society as at 31 March 1979 and 1980. Gilfillan, Morris & Co. Honorary Auditors Wellington, 20th June 1980