University of New South Wales
International House Limited
A.C.N. 000 476 933

Directors' 2007 Report to the Company
Annual General Meeting of 18 May 2007

Dear Company Members,

I welcome members of the Company, UNSW International House Limited, to this forty-third annual general meeting. I have much pleasure in presenting the report of the Board of Directors, with their approval, which summaries a very satisfactory year for the House.

The House has maintained a full occupancy, with strong competition for places. There were more than two applicants for the available vacancies. The residents appreciate the collegial atmosphere in the House and have progressed well in their studies. There is the usual mix of International and Australian residents, male and female, graduate and undergraduates, detailed on page 6 of the Directors’ Annual Report.

The House once again traded at a surplus with a net operating profit of $277,692. This is a strong performance given the increased food cost as a result of the continuing drought. This past summer saw the installation of a new solar power boiler and bore water to the bathrooms and laundry facilities that should reduce cost and improve energy efficiency. Internet and telecommunications cost have been higher then desirable. With assistance from residents and alumni a new internet service was installed that shows hopeful signs of improving the service to resident and reducing the cost.

The Residents’ Society continues to be a vital part of the House. The Seniors’ play an important role with the Orientation Week and assisting the Master and staff through out the year. The community service organization, iVision, engaged in various activities including volunteer work with “Just Enough Faith” a not-for-profit organization that serves hot meals every evening in Hyde Park to the homeless.

The staff of the House, under the direction of the Master, Dr Robert Lundy, continues to do an outstanding job.