S630015U\^o -_

ogal ^athinalAgricultural anh nubustrial es ociatioum of (1ueenslanb

OFFICE BEARERS 1990

Patron:His Excellency

THE HON. SIR WALTER CAMPBELL, A.C., Q.C., GOVERNOR OF QUEENSLAND

President:SIR WALTER BURNETT

Vice-Presidents:

F.H. ROBERTSON, M.B.E., O.A.M. and L.S. RUDD, O.A.

Hon. Treasurer:T.G. MATTHEWS, O.B.E., B.A., LL.B.

Council:

R.J. AMBLER V.E. EDWARDS T.G. MATTHEWS, O.B.E. P.F. WADLEYA.D. BASSINGTHWAIGHTE J.C. GRIGG C.H. MEAGHER, A.M. A.G.F. WARBYW.K. BRYCE, B.E.M. R.H.T. INNES L.K. MORRIS E.G. WILSONW.T. CUMMINS J.E. LILEY D.C. STURROCK G.D.T. WOOLCOCK

Hon. Councillors:A.G. NASON, M.B.E., O.A.M.

R.M. REYNOLDS, O.B.E.

Auditors:DON USHER & COMPANY (Chartered Accountants)

Director: Assistant Director:N.R. MORTON, B.Com., B.Econ. J.R. MUNDY

NOTICE OF ANNUAL GENERAL MEETINGOF MEMBERS

NOTICE is hereby given that the ANNUAL GENERAL MEETING OF MEMBERS of the above Association will beheld in the WALTER BURNETT BUILDING, Gregory Terrace, Fortitude Valley, at 11.30 am on Wednesday, 27th March,1991. Light refreshments will be served following the meeting.

BUSINESS:Confirm Minutes of Annual General Meeting of Members held on 28th March, 1990Receive and Adopt Council Report and Audited Balance Sheet and Statement of Accounts for period

1st January, 1990 to 31st December, 1990.Election of President and two Vice-Presidents for ensuing year.Election of Eight Members of Council.Election of Auditor.Notice of Motion (Page 2).Such other business as may arise in accordance with the Rules.Nominations for Auditor, bearing consent of the nominee to act if elected close with the Director at Noon on

Tuesday, 19th March, 1991.

Brisbane, 1st February, 1991. N.R. MORTON, Director

NOTICE OF MOTION

On the Motion of Council that the following amendments be made to the Objects and Rules of the Association.1. Amend Rule IIa with effect from the first day of January 1992 by

(a) Re-numbering it Rule IIA

(b) Deleting the amount "$10.00" in Sub-Rule (1) and inserting in its stead the amount of "$20.00".(c) Deleting in Sub-Rule (2) the amounts of "$360.00", "$35.00" and "$30.00" and inserting in their stead the

amounts "$500.00", "$50.00" and "$45.00" respectively.

2. Delete Rule IIb but subject to the proviso that until the first day of January 1992 the provisions of the existing rule IIbSub-Rules (3), (4), (5), (8) and (9) shall continue to have effect and the provision of the new Rule IIB, Sub-Rules (1) (c) and(d) below shall not have effect until the first day of January 1992 and insert in its stead the following new rule.

IIB

(1) Subject to Sub-Rules (2) and (3) hereof :-(a) A Life Member upon payment of such amount as Council may from time to time determine shall be entitled to

receive one Gold Life Member's Badge. If he should elect not to pay such amount he shall receive each year amembership badge in lieu of the Gold Life Member's Badge. He shall receive annually one Member's GuestBadge.

(b) A Member who has paid all subscriptions and other moneys due to the Association from him shall receive annuallya Member's Badge and one Member's Guest Badge.

(c) Upon payment of the sum of $25.00 a Memlier shall be entitled to receive in any one year one additional Member'sGuest Badge.

(d) A person under the age of 18 years may on payment of the sum of $20.00 purchase a Junior Ticket.(e) A Life Member's Gold Badge or a Member's Badge is personal to the Member to whom it is issued and the Member

shall not permit any other person to use it for any purpose whatsoever.(f) A Member may permit any person to use a Member's Guest Badge issued to him provided that not more than one

person may use the same badge on any one day.

(g) Junior Tickets are personal to the person in whose name they are issued and such a ticket shall not betransferable.

(h) A person whom a Member has duly permitted to use a Member's Guest Badge shall be entitled to free admission tothe Association's Grounds and Grandstands during shows or exhibitions held by the Association.

(i) A person to whom a Junior Ticket has been issued shall be entitled to free admission to the Association's Groundsand Grandstands during shows and exhibitions held by the Association and to such reduced entry fees at showsor exhibitions conducted by the Association as Council may from time to time determine.

(j) Any person who at anytime has a badge or ticket issued under the authority of this Rule in his possession upon theAssociation's Grounds shall upon request produce it to any Member of the Council or any officer of the Associationexpressly or impliedly authorised by the Council so to request it.

(k) If any person shall attempt to use a badge or ticket issued under the authority of this rule for any purpose whichconstitutes a breach of these Rules that badge or ticket shall be forfeited to the Association and the Memberconcerned shall cease to be a Member of the Association unless he established to the satisfaction of Council thatsuch badge or ticket was used or was attempted to be used without his knowledge and consent.

(2) The Director, Assistant Director or any officer or employee of the Association authorised or directed by either of them so todo may require any person seeking admission to the grounds of the Association under the authority of this rule to provideevidence of identity, place of residence and age and to furnish his signature on any form used by the Association for thatpurpose. Any person refusing to comply with any such requirement may be refused entry to the grounds and any badgeor ticket held, produced or purchased by him may be retained by the Director, Assistant Director or such officer oremployee.

(3) The provisions of this rule shall not entitle any person who has been forbidden by or under the authority of Council to enterupon the grounds of the Association or any part thereof to enter or remain on the grounds or that part contrary to suchprohibition whether or not such person has paid money to the Association to obtain any badge, ticket or otherauthority to enter.

ANNUAL REPORT OF THE COUNCIL

FOR THE YEAR ENDED 31ST DECEMBER, 1990

TO THE MEMBERS OF THE ROYAL NATIONAL AGRICULTURAL AND INDUSTRIAL ASSOCIATION OF QUEENSLAND.

Ladies and Gentlemen,

It is with pleasure that I present to you on behalf of the Council, the Annuual Report and Financial Accounts for the year ended 31stDecember, 1990.

This has been a very successful year for the Royal National Association. The attendance of 874,920 was the second highest on record, and thequality of the Show, one of the best. I would like to thank our members for their continued support of our Show which undoubtedly must be recognisedas one of the best in Australia and certainly a fine example of what Queenslanders can do and produce.

We are still concerned about our shortage of stalls for various animals and can assure our exhibitors that we are doing all in our power to rectifythis. We have been fortunate in purchasing three large roof structures from the Expo Fun Park and these should be in place on the site that is the PrimeBeef Cattle Yards in time for our 1991 Show and should considerably help the Horse and Beef Cattle Sections.

This year the Animal Nursery was relocated to a new building in the Industrial Area which provided-a- larger area for exhibits and also greaterpublic comfort. As a consequence of this change, we were able to relocate both the Deer and Expo Pig displays which resulted in some easing of theaccommodation situation within the Stud Beef Cattle Section. The housing of the Dairy Goats in a suitable area is still causing concern and we areendeavouring to find a satisfactory solution to this problem.

I would like to place on record our appreciation to the State Government of Queensland for the subsidy which is provided on Capital Workswhich is so vital to the Association's efforts in providing a high standard of buildings and facilities for the public.

His Excellency the Governor-General of Australia, The Honourable Bill Hayden AC, performed the Official Opening of the 1990 Show. TheGuard of Honour and the Band were provided by courtesy of the First Military District. To add to the splendour of the occasion, Their Excellenciesarrived at the Official Opening in a horse drawn landau escorted by a mounted escort provided by the Queensland Mounted Police.

In 1990, the Producer of the Year Award featured the Wool Industry. The Dairy Herd Improvement Competition was also held as well as a newcompetition for Fish Management Groups which was made possible by the sponsorship of the National Australia Bank. Field days were held andprovided an important way of passing on to others the benefits of practical achievements of past competition winners.

We express our appreciation to the State Department of Primary Industries fortheir assistance in the provision of judges, to the National AustraliaBank for their sponsorship of the new Fish Management Group Competition and the Commonwealth Development Bank of Australia for theirassistance in the holding of field days.

FINANCIAL STATEMENT

The Association has been able to maintain a sound financial position despite the difficult economic conditions which currently prevail in thecommunity. Undoubtedly, the fact that the Association has been able to rent out many of its buildings and facilities throughout the year has greatlycontributed to this situation.

The attached Financial Accounts show that revenue for the year was $8,040,813 while expenditure (including transfers to provisions and reserves), and items other than those of a capital nature was $6,978,443 with a resultant net surplus of $1,062,370.

This will enable the Association to proceed with work to improve facilities for the benefit of both members of the public and also exhibitors. Aconsiderable amount of maintenance will also be undertaken over the next twelve months, necessary as a result of the nature of a number of oldbuildings on the grounds.

PERSONNEL OF COUNCIL

At the first Council Meeting following the Annual General Meeting, Mr T.G. Matthews, OBE was re-appointed as Honorary Treasurer and amember of the Finance and Management Committee, Messrs W.K. Bryce, BEM, A.G.F. Warby and E.G. Wilson were also appointed to membership ofthe Finance and Management Committee. The President and Vice-Presidents are ex-officio members of this Committee.

In accordance with the Objects and Rules, the following members of Council have retired and as no other nominations have been received, thesegentlemen will be declared re-elected at the Annual General Meeting.

President: Sir Walter BurnettSenior Vice-President: Mr F.H. Robertson, MBE, OAMJunior Vice President: Mr L.S. Rudd, OAM

MEMBERS OF COUNCIL: Messrs R.J. Ambler, W.T. Cummins, Dr. V.E. Edwards, Messrs T.G. Matthews, OBE, L.K. Morris, P.F. Wadley, E.G. Wilsonand Dr. G.D.T. Woolcock.

The following members of Council will remain in office for a further twelve months:

Messrs A.D. Bassingthwaighte, W.K. Bryce, BEM, J.C. Grigg, R.H.T. Innes, JE. Liley, .H. Meagher, AM, D.C Sturrock and A.G.F. Warby.

APPRECIATION

The success achieved by the show in 1990 only occurred as the result of the involvement of very many people and organisations. I would like to

record my Council's appreciation of the efforts of the Exhibitors, Judges, Honorary Council Stewards, Honorary Stewards and personnel from the

Queensland Fire Services, Queensland Police, State Government and Brisbane City Council departments, all of whom provided so much for theoverall success of the Show.

May I place on record my Council's appreciation of the Director, Assistant Director and staff of the Association for their loyal and willing servicethroughout the year in the implementation of the Council's policy.

Finally may I express to my fellow Councillors my sincere appreciation of their loyal support and great dedicated tireless work during this mostchallenging, but satisfying year.

Walter BurnettPresident

STATEMENT OF REVENUE AND EXPENDITUREFOR YEAR ENDED 31st DECEMBER 1990

NOTES

REVENUEGate ReceiptsShow RentsAdvertising and SponsorshipEntry FeesMembershipSundry Receipts ShowRent from Ground FacilitiesOther RevenueInterest

EXPENDITUREAdvertisingAudit FeesBad DebtsDepreciationElectricity and GasInsuranceInterestMaintenancePayroll TaxPostage and TelephonePrinting and StationeryPrizes and RibbonsProvision for Doubtful DebtsProvision for Holiday PayProvision for Sick PayProvision for Long Service LeaveRatesSalaries and WagesShow ExpensesOther Expenses

2(ii)

1989$

2,535,242981,019412,928196,566207,520207,102

1,442,489741,047543,370

7,267,283

124,75613,000

484,123237,721193,871635,735417,164114,762

53,787180,133244,446

19,00095,000

6,00070,000

218,8092,239,825

640,066189,963

6,178,161

1,089,122

424,906

664,216

SURPLUS OF REVENUE OVER EXPENDITURE

Transfer To/(From)Rain Protection Reserve

SURPLUS FOR YEAR AFTER TRANSFERS

5

BALANCE SHEET AS AT 31st DECEMBER 1990

NOTES

CURRENT ASSETSCashReceivablesInvestmentsInventoriesPayments in Advance

TOTAL CURRENT ASSETS

NON-CURRENT ASSETSInvestmentsPayments in AdvanceProperty Plant and Equipment

TOTAL NON-CURRENT ASSETS

TOTAL ASSETS

CURRENT LIABILITESCreditors and BorrowingsMonies Received in AdvanceProvisions

TOTAL CURRENT LIABILITIES

NON-CURRENT LIABILITIESCreditors and BorrowingsProvisions

TOTAL NON-CURRENT LIABILITIES

TOTAL LIABILITIES

NET ASSETS

FUNDSAccumulated FundsReservesTrust Funds for Prizes

2(ii), 4, 5

1989$

22,729589,283

3,043,585118,95457,378

3,831,929

438,7807,652

8,062,195

8,508,627

12,340,556

525,259212,882101,000

839,141

4,143,214150,000

4,293,214

5,132,355

7,208,201

5,666,5431,425,775

115,883

TOTAL FUNDS 7,208,201

NOTES TO AND FORMING PART OF THE ACCOUNTSAS AT 31st DECEMBER 1990

NOTE 1 THE ASSOCIATION

The Royal National Agricultural and Industrial Association of Queensland is a body corporate, incorporated under the"Royal National Agricultural and Industrial Association of Queensland Act 1971"

NOTE 2 STATEMENT OF ACCOUNTING POLICIES

The significant Accounting Policies adopted in the preparation of the Accounts are summarisedas folows:-

(i) These Accounts have been prepared in accordance with Conventional Historical Cost Principles and do notpurport to disclose the current value of the Association's Assets.

(ii) Depreciation has been provided on all Fixed Assets excluding freehold land, at a rate which reflects theexpected economic life of the Asset.

(iii) Income Tax - The nature of the Association's activities do not render it liable for Income Tax and it is anexempt body under Section 23(h) (of the Income Tax Act).

(iv) Income and Expenditure have been brought to account on an accruals basis.(v) Subsidies receivable in respect of works programme are credited to the cost of that particular job and in the

case of Capital Works the net cost only is capitalised.(vi) The Association, in order to provide a reserve against losses of gate takings due to inclement weather in a

particular year appropriates certain surpluses to the Rain Protection Reserve.

7,208,201

6

NOTES TO AND FORMING PART OF THE ACCOUNTSAS AT 31st DECEMBER 1990

NOTE 3 RECEIVABLESReceivablesLess Provision for Doubtful Debts

NOTE 4 CREDITORS AND BORROWINGS

Includes:Secured Liability to Commonwealth Bank of Australia at 31st December 1990.The Commonwealth Bank of Australia holds Mortgages over Freehold Landof the Association to secure any advances.

NOTE 5 PROPERTY PLANT AND EQUIPMENT

Details as follows:FREEHOLD LAND (SECURED) AT COST

BUILDINGSOpening BalanceAdd Additions

Less State Government Subsidy

Less Accumulated Depreciation

GROUND IMPROVEMENTS ROADS ETC.Opening BalanceAdd Additions

Less State Government Subsidy

Less Accumulated Depreciation

PLANT, TOOLS, MOTOR VEHICLES, FURNITURE & FITTINGSOpening BalanceAdd Additions

Less Disposals

Less State Government Subsidy

Less Accumulated Depreciation

SUB-STATIONS AND ELECTRICAL INSTALLATIONSOpening BalanceAdd Additions

Less State Government Subsidy

Less Accumulated Depreciation

NOTE 6 ACCUMULATED FUNDSOpening BalanceAdd Surplus for year after transfersClosing Balance

NOTE 7 RESERVES

Details as follows:RAIN PROTECTION RESERVEOpening BalanceAdd Transfers

GENERAL RESERVE

NOTE 8 CAPITAL EXPENDITURE COMMITMENTSEstimated Capital Expenditure contracted for at balance date not providedfor, payable not later than one year after the end of the financial year.

1989$

609,28320,000

589,283

525,259

24,066

8,062,195

96,880

6,984,898394,542

7,379,440125,870

7,253,5701,384,3655,869,205

1,235,794137,507

1,373,30158,440

1,314,861655,690659,171

1,073,232576,593

1,649,82574,081

1,575,744182,336

1,393,408380,347

1,013,061

693,92325,534

719,457269,957449,500

25,622

423,878

5,002,327664,216

5,666,543

1,425,775

875,094424,906

1,300,000

125,775

STATEMENT OF SOURCE AND APPLICATION OF FUNDSFOR YEAR ENDED 31ST DECEMBER 1990

1989$SOURCE OF FUNDS

FUNDS FROM OPERATIONSRevenueExpenditure

FUNDS FROM OTHER SOURCESSTATE GOVERNMENT SUBSIDY

Capital WorksINCREASE IN CURRENT LIABILITIES

Creditors and BorrowingsMonies Received in Advance

INCREASE IN FUNDS HELD ON TRUSTTrust Funds for Prizes

DECREASE IN NON-CURRENT ASSETSPayments in AdvanceInvestments

DECREASE IN CURRENT ASSETSReceivablesPayments in Advance

SALE OF FIXED ASSETS

APPLICATION OF FUNDSEXPENDITURE ONDECREASE IN NON-CURRENT LIABILITIES

Creditors and Borrowings - Loan (Unsecured)DECREASE IN CURRENT LIABILITIES

Creditors and BorrowingsINCREASE IN NON-CURRENT ASSETS

Property Plant and EquipmentPayments in Advance

INCREASE IN CURRENT ASSETSCashReceivablesInvestmentsInventoriesPayment in Advance

FUNDS FROM OPERATIONSReconciliation of Funds from Operations withSurplus Revenue over Operating Expenditure.

FUNDS FROM OPERATIONSDeductDepreciationProvision for Doubtful DebtsProvision for Holiday PayProvision for Sick PayProvision for Long Service Leave

Profit Sale of Fixed Assets

SURPLUS OF REVENUE OVER EXPENDITURE

7,267,2835,504,038

1989$

1,763,245

636,603

14,860

4,798

627,399

2,133

3,049,038

176,476

194,798

1,134,1767,652

12,87968,485

1,426,61520,929

7,028

3,049,038

1,763,245

484,12319,00095,000

6,00070,000

674,123

674,1231,089,122

In our opinion, the accompanying accounts, and the notes forming part thereof, of the Royal National Agricultural & IndustrialAssociation of Queensland as set out on pages 4 to 7 are drawn up as to present fairly the financial position at 31 st December 1990and the result for the year ended on that date, of the Association so far as they concern members of the Association.

At the date of this statement there are reasonable grounds to believe that the Association will be able to pay its debts as and whenthey aldue.

The accompanying accounts of the Association are made out in accordance with the Australian Accounting Standards.Dated at Brisbane this Thirtieth day of January, 1991. Walter Burnett, President

T.G. Matthews, Honorary TreasurerN.R. Morton, Director

AUDITORS' REPORT TO MEMBERS OF THE ROYAL NATIONALAGRICULTURAL & INDUSTRIAL ASSOCIATION OF QUEENSLAND

We have audited the accounts of the Royal National Agricultural & Industrial Association of Queensland, as set out on pages 4 to7, in accordance with Australian Auditing Standards.

In our opinion, the accounts of the Royal National Agricultural & Industrial Association of Queensland are properly drawn up so asto present fairly the state of the affairs of the Association as at 31st December 1990 and the results of the Association for the yearended on that date so far as they concern members of the Association and are in accordance with Australian Accounting Standardsand applicable Approved Accounting Standards.Dated at Brisbane this Thirty First day of January, 1991 Don Usher & Company, Chartered Accountants and Auditors

D.T. Usher

IA f i- j i a s

TABLE OF PROGRESS

Advertising PrizesGate & Show & Capital Annual

Year Receipts Entry Fees Sponsorship Rents Membership Ribbons Expenditure Revenue$ $ $ $ $ $ $ $

19061907190819091910191119121913191419151916191719181920192119221923192419251926192719281929193019311932193319341935193619371938193919401941194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990

756479208642149769266995010404106241182010338106821325214418227481909623184270122875828656336383305634922376843317428470292702906635078346104477243530484125080040104423228285688026940329425299778104510147432176516

*176296194042185076173374195974204086200414207056*200550*241348246888247892*244127*296922*276336313138320690*400680*411325*439817546394*725084775097851917*936994961843109293511538361311775

*14081421668227167738119815991952648176102825352422837505

1016147414821868175020762036226624102038190423902718302628922820274234743738367437084064424642144012386836863888445241704184492049884578404444885484610665686428698674388780951410392118001112211956135001498618972201262061621288256382649027256303892854529722318893389533802422104765346188647826861371241777418808395395106869107533117065117764130935172316196566219667

113896898620421192133013741388134213681382191619842398206018882408226425482554283627423074319225982680366633964176420843884610506850122678555865288472768498061307898781362813854169981807419918201722288423724228842527426898283423191433622352113829738529410474146843971T51051569876290863733742867965685755110941106955125914115569130642143523169504205349349595412928399692

27982530268040103084321835563536469038583910408444145310587864728888118261145813886150821903421398213241855417396165061799618272200522011621626241422190418936240823290236196402184586848218614626176867530706547119472264844128694411583612826612959213471214287416627216650317151417160019089419149819710922863523229926706629622530529533771537345742059246231556320960050367632369937871116687623310066879365759810191139936

223425962976491640184320450246464260341038704166509696428640748494141070411598123221984317782175161670215366115829610989010480108541231813326138961287411466196462739832226367023997844804453385460859748687026453060480586846230459892585325928659984689586789868951702397605772027776767573473919787757756488931887569409994471105772124826127050134220141882144869167428161138168627183932207520218810

377638184748797452226718703276068916868076348582932290681027211690111781460016642153461718216900171581783816514167941670816088174801698418088201422112220594220421679621200241042400028000320003453036268399764757249066521745386459058620366224865550672747131274528762597932680801798818597886073873949833691764100625104427111111115920123155138344149977175710182148194788212574215155227848244021244446239704

154441174202410782510441189574739885881392762

13464539814820107684320

67212151847196

256683555828512202721341462521218696567158

1098838612207728568

10854476621590

138161471834600390408011820425281526470064661440572527423516678104

10436088104794102742855630

2072909016888663582163956921775516477778508

148780951721978565863

45624373947185235728015191641889

1549563265569596034318533511341761684085

*Affected by rain

159721710619364306902116423110249402455826968229522409027714327545262446662481485740265818665787694292024866329642691654809907573075618821368488810092410085410968011336610313096214185640200804219116251166251244288242326094368198392190435316421106410594456204492280507378523010536560578472622644659988656712731872749505779289807047897534

102781912056801524210162348018138861997041220689323959332690674306581233236713620024401142649542665594640606991272672838040813