Exec's own Barrow?

Administration is another big cost, but must be met to run our affairs efficiently. We are forced to pay reasonably competitive wages, and they are rising. It should be noted that last year our Accountant proposed a reduction of £50 in his salary as his duties were less since the Cafeteria was taken over by an outside firm.

Three years ago travelling subsidies were cancelled for teams in an effort to stem the tide of difficulty. This has put some clubs in a difficult position and it appears reasonable that these subsidies should be restored.

Tournaments are a big expense and it is estimated that over a cycle of two years when we have one at home and three away, we need £350 per year to finance them. NZUSA is proposing to raise its affiliation fee, but this will only cost another £45. In addition, in general all costs are steadily rising.

This then without too much financial and accounting hocus-pocus is the story. If the proposals are not agreed to, then the only alternative is cutting down on many items. The fee increase would operate from 1952. Please consider the matter and come to the meeting prepared to vote on sound and informed lines after hearing the discussion. Apart from a proportion of the £200 extra for this year's sports, the current Executive will not have this money to spend, so don't think it is pushing its own barrow.

There will be some other constitutional matters to discuss too, mainly concerned with making our Constitution consistent throughout. One however, will deal with the important matter of Fencing Blues. Be sure to attend!