Treasurer

THIS statement shows the financial position of the Association on the 31st December, 1968, and the major features are as follows:

1. Ski Club Loan

A loan of $9,000 has been given to the Ski Club for complete purchase of, and improvements to, their Ski hut on Mount Ruapehu. Repayments of this loan is to commence during the 1969 financial year.

2. Development Fund

A fund has been set up to give loans to affiiliated clubs that wish to improve their facilities. The fund consists of:

Further schemes have been put forward by various other clubs in the University and these are to be studied by the 1969 Executive.

3. Student Union Building Extension Fund

This is the trust fund mentioned previously. Fees and interest have built the account up to its present balance of $30,446.