Catering Losses

The loss on student meals over the first five months of 1972 has been $9,319. The profit on the shop over the same period was $2,482. The Union Management Committee agreed in 1971 that the break-even point on student meals should include the profit on shop trading. When this is taken into account the total loss is reduced to $6,837.

However, over the last two months the catering operation has settled down, and losses have been greatly reduced. It is thus hoped that the overall profit of the catering operation will be such that the early losses will be absorbed this year. This will only be achieved if a high level of private function catering is maintained.