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No. 45 (December 1963)
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The Government will, in future, subsidise £ for £ the funds passing to the Maori Education Foundation from Maori unclaimed moneys held by the Maori Trustee. In addition the government will meet the Foundation's administration costs (which last year amounted to some £3,800).

Announcing this new policy, the Minister of Maori Affairs, Mr Hanan said that the unclaimed moneys on which the £ for £ subsidy will be payable are estimated at £27,000 this financial year, £35,000 next financial year and £15,000 a year thereafter.

The effect of all this is that the Foundation income will be more than doubled.