John Burke implies that the dismal result of the Hutt Mana Charitable Trust for the year ended 30/6/11 could have been avoided if the trustees elected at the last elections had better skills [KMN, letters, July 10].
Perhaps he thinks he would have been a better appointee. Let’s look at real facts.
His letter speaks about a loss in asset value in the 2011 year of $3.5 million and a gain of a similar sum in the 2010 year. For a start, wealth is usually