Past . . .

Over the last ten years, a total of £15,000 has been raised; the main sources have been the levy on Stud. Ass. fees and the proceeds from Extravs and Cappicades. The money is invested in Govt, stocks and the interest increases the amount raised by £300 or £400 every year. The Govt, had undertaken to subsidise the Fund (when it reached £20,000) to the tune of 2:1 with a limit of £40.000. And during that time the city of Wellington must have benefited by some hundreds of thousands of pounds from the University.