Constituent treasurers of NZUSA took bold steps in Easter Council to censure the resident executive for financial mismanagement and at the same time provide for sweeping financial reforms.

Examining the president's financial report in Finance Commission, the delegate from Otago moved a formal vote of censure for what he called "irresponsible and disorganised financial affairs."

"As far as we're concerned, the whole thing is bordering on scandal," he said.

Victoria expressed the opinion that the terms of censure, due to the complications which arose over the resignation of NZUSA treasurer Mike Reynolds were "slightly too strong." But the motion was carried and went down on the books.

Tough Action

The accounts, continued Otago, "are not even readable." In evident agreement with this remark, the constituents moved the following stipulations:

• The accounts of NZUSA will be frozen until a certified accountant rewrites them and presents a report to the next treasurer's meeting, to be held in May. In the interim, the constituents will provide a cash flow of £1000 for ordinary expenditure and £500 for the student travel bureau.

• An accountant will be hired to draw up regular five-monthly accounts, which will be reported at Easter and Winter Tournaments. "It is high time we employ professionals in the keeping of NZUSA financial accounts," said Victoria.

According to the amended budget estimate for 1966, the expenditure of NZUSA itself is likely to exceed £6000.

Travel

Subject to the professional accountant's finding, the Finance Commission projected a budget for the Student Travel Bureau of £5624. Present income estimates predict the bureau to register a profit for the year ending February 28, 1967, of £976, The bureau can be expected to have a cash flow of £80,000-£100,000 in the coming year, according to 1965 Travel Vice-President John Troughton.

Student News

After examination of the president's report on the first issue of the Student News, the commission found that the account revealed a loss of £31 10/-. The report had claimed a profit on this issue of £13 10/-.

The treasurers strongly criticised, the paper's financial account, which President Taylor admitted was more accurately labelled "arrangements." Expressing doubts that the paper would be profitable, as President Taylor claimed, the treasurers ordered a full examination of its finances after the second issue.

They were bound to support the continued existence of the paper following approval of its establishment in NZUSA's National Commission. This commission also created an administrative board of control for the Student News.