Caf Profit Up

The Dining-room sub-committee meetings of which are held in committee, has released a press statement.

The food sales made a net loss of $1612, and the shop sales gave a net profit of $5126.

This was the first time combined food and shop sales had showed a profit since 1964, and was the result of price increases at the beginning of 1968.

The Management Committee's policy is to try to arrange prices so the combined operation just breaks even over several years.

Over the five years 1964-1968, food and shop sales showed a net loss amounting to $10,016.

This loss has been met by Mr Levanbach, the catering contractor, from his profits on private functions held in the Student Union.

The university lakes a percentage of the income from these functions, and also takes a charge for the use of rooms.

Over the last five years the Levanbach Catering Co, has paid the university £34,272 for these functions.

In 1968 the fees it held were £6616.

This has all been credited to the Student Union Building Extensions fund.

Unfortunately, the management committee expects that the 1969 dining room accounts will not be as favourable as the 1968 accounts.

This is because of increases in wages and food prices since the beginning of 1968.

The non-university functions are not likely to yield as much money this year, either.

The number of these functions are expected to be reduced because of the inconvenience caused by the building operations.