Trust re­sults

Kapi-Mana News - - OPINION -


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

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