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Mrs L F Carthew, Villa 148 Summerset Palms,
136 Eriksen Road, Awatoto, Napier, 4110, NZ

About Us

We've Pursued the Same Goal Since the Beginning
What is the Capital Assistance Fund (CAF)?
The CAF was set up in the 1960s with the intention of providing financing facility to contributing societies for capital projects who would otherwise struggle to get loans. Participating societies paid five cents per ticket sold for shows to the CAF, in exchange for low­interest or interest-free loans from the fund.
Societies who have made a significant contribution are known as 'early contributors'.
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History

Why are we changing this?
MTNZ currently holds the CAF in trust, in our own accounts. This means that MTNZ has a large sum of money on our books that discourages funders from providing financial support to MTNZ, even though MTNZ cannot access those funds. MTNZ also has no way of accepting large donations for benevolent purposes at present.
1960s
Since
250+
Helped
Who are the Early Contributors?
The Early Contributors are any member who has contributed to the CAF for 10 years in the last 20.
This ensures there will be representatives elected on the trust by those who have a long standing affiliation with MTNZ at all times. If the trustees elect to appoint interest to loans the Early Contributors as at 2023 ( or whenever the trust is first established) will be exempt from this interest allocation for the 9 years following.

Key People

Who we are
We exist to make your life easier, and to give you the peace of mind that you’re on the right path.
Chairperson

Cheryl Simpson

Trustee

Terry O’Conner

Trustee

Lesley Carthew

Trustee

Kevin Murphey

Trustee

Allan Nagy