Salient. An Organ of Student Opinion at Victoria College, Wellington, N.Z. Vol. 8, No. 1. Friday, March, 2, 1945
Financially, the situation is fairly good. Pound for pound the Govt, has agreed to provide £25,000. There is in hand £8,000. Increment each year totals practically £1,000, interest £240, ex Stud. Ass. fees £240, Extrav, (apart from war years) £300, McCarthy Trust £100, incidentals and donations £100. By the VUC Jubilee date, 18th April, 1949, a non-sanguine hope might be £15,000. With this sum doubled by the Govt, and a further loan of £20,000 backed by the signatures of prominent ex-students, the foundation stone might be laid. Given approval at the forthcoming general meeting of the Executive's motion to increase fees, this date might be improved.