Over the moon about GRAB
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A MOST apposite acronym, GRAB, has been coined by the Motor Cycle Trades Benevolent Fund. It stands for General and . Regional Advisory Board, which hos been created to control voluntary fund-raising. These vital activities will be further stimulated by four full-time regional promotions officers under the direction of Mrs Penny Moon, the national promotions officer.
Although Ben has almost miraculously restricted the increase in administration costs between 1978 and 1980 to only two per cent, so that they still represent less than ten per cent of income, compared with more than 13 per cent four years ago, the fund was £100,000 overspent last year and a loss is expected again this year.
A painless way for members of the industry to make good the deficit is to subscribe 10p or 15p a week by deduction from their pay. The system is already in use and in a firm that donated £400 to the fund in 1979, staff are now contributing £6,600 a year and the company is matching that amount.