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Salient: Victoria University Students' Paper. Vol. 29, No. 12. 1966.

Caf Prices Up Monday

page 3

Caf Prices Up Monday

Salient Reporter

Cafeteria Prices on some items will rise by about 12 per cent next Monday.

The Price Hike follows a £1000 loss on cafeteria operations in the first six months of 1966, and a £1709 loss on the full previous year.

This Loss is calculated by taking all revenue from food sales to students and setting off against it the costs incurred in the food sales.

Thus food sales this year brought in £17,026 in the first six months, but cost £19,140 to provide. A profit of £1040 on cafeteria shop sales reduced the loss and the balance was met from non university catering by the caterer, Mr. Levenbach.

Mr. Levenbach did not receive any personal remuneration from food sales to students.

Commenting on the price rise, union managing secretary Ian Boyd told Salient that the University Council had approved the rises following recommendations from the union management committee.

He said the committee received figures to show that since the last price increase (July, 1963) price and wage indices had risen by about 14 per cent and 11 per cent respectively.

Meat, one of the main expenses, had risen in price at an even greater rate—by up to 40 per cent on some cuts.

"The policy has been that Mr. Levenbach should break even or make a small profit on the combined operation of the shop and serving meals to students," Mr. Boyd said.