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SMAD. An Organ of Student Opinion. 1931. Volume 2. Number 4.

Our Finances

Our Finances

Mr. Rollings took "the professional grumblers" somewhat severely to task at the recent annual meeting for their remarks anent the balance sheet.

V.U.C. Dramatic Club production, "Rope," August 14th and 15th.

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The remarks of the "grumblers" may or may not have been helpful in expediting the passage of the balance sheet, but we are not sure that the "grumblers" did not have right on their side. We are sure, however, that Mr. Jessep and his auditor, Mr. A. R. F. Mackay, are deserving of every praise for their efforts in hacking their way through the jungle of figures occasioned by the Executive's books being allowed to become three months behind. In any case the unfortunate "grumblers" were merely girding at what must be patent to all students—the slipshod methods of the past. Executives cannot afford to waste a penny if we are to have a new Union Building before the end of the present century; and the results of the bad old systems of previous years have imbued students with an uneasy feeling that haphazard management of student revenue is a luxury that cannot be afforded even in those times of affluence Victoria College has often heard of but has yet to experience.

A step in the right direction was taken by the last Executive when it directed that club balance sheets should be audited by some person competent to do so. It now behoves the Executive to put its own house in order by placing its activities on a more business-like footing. We understand that the Executive intends to re-organise its accounting methods. The time is long overdue and we hope that the Executive will put the matter in hand immediately. The Executive might advantageously consider the abandonment of such activities as tie-selling.