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SMAD. An Organ of Student Opinion. 1933. Volume 4. Number 3.

Student Finances Sound. — Capping Week Shows Profit

Student Finances Sound.

Capping Week Shows Profit.

At the end of the last College financial year the Students Association Finances were unfortunately in a rather tangled posit on. and the Treasurer of the Students' association took over an unenviable task.

However, this year a strict rein has been kept on all expenditure, and judicious pruning down on the cost of all activities has been exercised.

So now. despite the decrease in the number of Students at the College and the difficult economie conditions prevailing, the Student finances are nevertheless in a much sounder position, as a perusal of the Annual Balance-sheet will show.

That this result has been achieved and at the same time the activities themselves have not been allowed to be curtailed, is indeed most satisfactory.

Strict care had to be taken in handling this years Capping Week expenditure, and a respectable profit is shown on the workings. This is again most satisafctory since it was feared that this year Capping would be a serious drain on the Association's reserves That the funds of the Association have benefited in such a bad economic period as the present from our Capping week (which, if anything. was more elaborate this year since the Revue had to be held in the expensive Grand Opera House and the Hall was in the Mayfair Cabaret) is very much to the credit of R. J. Nankervis. the Treasurer, and he is deserving of the thanks of all the Students.