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Salient. An Organ of Student Opinion at Victoria College, Wellington, N.Z. Vol. 17, No. 15. July 29, 1953

Association Finances

Association Finances

The finances of the Association are not particularly strong at the moment: of £1700 allocated to club grants. £500 went to summer clubs and the rest to the winter clubs Although comparatively healthy, they will not bear any extravagance on the part of the Exec., of which fact the Finance Committee are well aware.

Secondly, the 4/- levy per head to be transferred to the Building Fund. This amount, which amounts this year to approximately £460, if transferred at the moment, would greatly upset the budget which at present is balanced.

Thirdly, the matter of the distribution of Extrav. and Cappicade profits if any. Obviously nothing can be done about this this year, as the profits from Cappicade will go to help the loss on Extrav. A motion moved two weeks ago by Diana Lescher supported, not that the proceeds of Cappicade or Extrav. go to charity, but that a collection for charity be taken up during next year's procesh. There was some dissension over this but the motion was carried and next year you may be asked to canvass during procesh. We do not propose to discuss the merits and demirts of such an action. We wish only to point out that the Exec. Has decided unofficially that the profits of Cappicade each year will go to the Association and the losses on Extrav. will be Offset by this; a definite policy has not yet been decided.