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TRTA IN THE RED

31st March 1967, Page 22
31st March 1967
Page 22
Page 22, 31st March 1967 — TRTA IN THE RED
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Which of the following most accurately describes the problem?

THE TRTA accounts for the year ended December 31 show a 12,716 deficit, as opposed to a budgeted surplus. This, says the Association's Activities 1966-67 report, was due partly to the effect of SET and partly to the economic situation which led to delays in the payment of many subscriptions. Adds the report:—

"Despite this setback, new members were recruited in good numbers and the Association is determined to continue with its expansionist policy."