Thursday, 9 December, 2021
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Warwick gets a bit wet
Hope after days of fire and fury
A dam good sight
Casey’s Spin on sport
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PAGES 40-42
Allora gets festive Locals from Allora and surrounds got in the festive spirit last Friday for the Allora Bush Christmas & Markets The event included free teacup and trackless train rides for the family, as well as food, entertainment and great markets and local shopping. See our gallery on page 12
Check out the Christmas Catalogue pullout - inside this week. Our gift guide includes Wilshire & Co, Stanthorpe Furniture Emporium, WIRAC, Print & Copy Stanthorpe, Rose City Shopping Centre, Mick’s Four Seasons, Darling Downs Hotel, Warwick Credit Union, and M&D Auto.
Light on finances vices“, $210,000 on “strategic advisory“, $134,078 on “other expenses”, and $39,114 on “travel“. In 2021 there was a net loss of $1.9m, compared to a profit of $1.7m in 2020. The report also states that assets are down from $1.4m last year to $880k this year. The report shows a net refund of $46,260 to irrigators, which may be due to withdrawals of investors from the scheme.
Based on the net receipts for the prior year of $244k, this would represent a net withdrawal of around 20 per cent. GBIP has not responded to questions regarding this, or questions regarding the nature of decisions the project is waiting on the government to make and whether GBIP is seeking extra funding from the government. The statement does not provide figures for how much has been spent on the valuation
of land for the project, as reportedly in some cases this was done twice, or how much has been spent on legal fees for negotiating with landholders. The report gives a figure of $18,274 for a lease agreement, but GBIP has not confirmed if this is the cost of renting their Maryland Street office. STORY PAGE 3
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Granite Belt Irrigation Project (GBIP) lodged its financial report last week, giving insight into the current state of the project. The report shows that GBIP spent $66,882 on “advertising and promotion“, $41,818 on “corporate legal expenses“, $81,500 on “corporate secretarial expenses“, and $213,700 on “finance services and finance advisory“. They also spent $32,951 on “insurance“, $210, 932 on “management advisory ser-