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RAC

1999-05-10

From: RAC Headquarters Date: May 10, 1999 Subject: RAC Treasurer Watson Resigns RAC Treasurer Watson Resigns After taking office January 1 this year, John Watson, VE3GTX has resigned his position as Treasurer of Radio Amateurs of Canada. Like all RAC Executive Officers and Directors, the RAC Treasurer is a volunteer. Mr. Watson was appointed by Pat Doherty, VE3PD who himself resigned two weeks ago. He assisted with Mr. Doherty's implementation of cost-cutting measures to meet a decline in RAC membership and consequent decline in revenues throughout 1998. Mr Watson's detailed budget has been presented for 1999. Following a significant loss in 1998, the RAC financial situation is turning around, after a low at yearend. Sincere thanks are extended to Mr. Watson for his contribution to RAC. Doug Leach VE3XK Acting President Radio Amateurs of Canada