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5.

Talking about funds - we are continuing our campaign although we no longer have an official fund raiser.  This is really a most urgent problem.  Expansion is almost impossible without more dough in the kitty.  Twelve dollars does not allow for expanding the programs.  we are trying to work out some plan, and any help will be gratefully received.

There has been some talk about Pepsi-Cola and La Tausca discontinuing their competitions because of the pressure brought to bear by Equity.  I should like to put your mind at ease by reading the following letters:

(Mr. Mack)
(La Tausca)

Before concluding, let us give a vote of thanks to all those who so devotedly have their time, thought and energy to Equity during the 1948-49 term.

And on last word.  We are all aware of these crucial times.  There has been a lot of name calling and there may be more.  Let us stick to our principles.  Equity is here to protect the artists economic interests.  Equity came into existence for that purpose, and it carries on with that purpose.