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The annual general meeting of the above was held last evening at Quill’s Hotel. About fifteen members were present, Mr Max Friedlander occupying the chair. annual balance-sheet. The annual balance-sheet was read, and showed a credit balance in hand of L4B Os Bd, available for the‘purposes of the Club. —It resolved that the balance-sheet as read be adopted, and also that it should be printed and circulated amongst the members of the Club. ANNUAL REPORT. The annual report was read as follows : Numerous enquiries having been made by horse owners and others as to whether this Club intended holding a Spring Meeting during the coming season, your Committee resolved to take the opinion of the Club on this matter on an early date, in order that trainers might have timely notice by the issue of any programme that may be decided on, and for that reason have called the annual general meeting somewhat earlier than usual, in preference to putting members to the trouble of attending a special general meeting so near the end of the Club’s financial year. For -the future I would recommend that the annual general meetings be hftld at the end of June or July, as being generally more convenient than the Ist of September. A most successful meeting (either from a sporting or financial point of view) was held on April 19th and 20th last, and you will be asked this evening to decide whether a meeting shall be held during the coming Spring, and if it shail consist of one or two days’ racing. The expense of a two days’ meeting is but little in excess of one day’s, as the greater part of the printing, advertising, etc, has to be done in any case, and, on the other hand, the sale of privileges should realise much more for the two days. The Metropolitan Spring Meeting will be held on Tuesday, Wednesday, and Friday, 7th, Bth, and 10th November next, the Geraldine on Thursday and Friday, September 28th and 29th. I have the satisfaction to report that the Club has never been in a sounder financial position than at present, but there will be a heavy strain on its resources during the coming season, particulars of which will be enumerated further on. The statement of assets and liabilities at the last annual meeting showed a deficit of 13s 3d, since which date the Club has paid off L 26 9s 6d of old debts, expended some L 37 in planting and fencing, given away' in added money L3BO, and at the present moment has a balance in hand of L4B Os Bd, clear of all liabilities. The prospective calls upon the resources of the Club alluded to above are two of them for urgent works, which cannot longer be postponed, and the third should in a short time repay the first outlay, and become a source of income. The matters alluded to are ;

Ist. Grass seed for reserve (120 acres at J2s) ... ... £,12, O o 2nd. Improvements to running course .. ... ... 60 o o 3rd. Purchase of totalisator ... 60 o o

j£ig2 o o The first named will,become a liability next month ; the second at the end of the coming season, and the third is well worth the immediate consideration of the Club, as the totalisator, under any circumstances, is likely to remain a popular medium for speculation. The question of a new grand stand and saddling paddock, which latter is hardly needed, I will not now urge upon your attention, as this and other still more important matters will probably be submitted for your consideration at a future date. The expenditure of L 192 above mentioned will have to be met somewhat as follows : Cash in hand, say ... ... 0 0 Rent of course ... ... ... 5® 0 o Earned by tstalisator ... ... 60 o o ' Deficit to be made up out, of race meetings ... ... 3 1 0 0 ,£192 o o In the face of this deficit of 1,31 above current and incidental expenditure, and absorption of the coming year’s rent of course—which means there will be no funds derived from this source till about March, 1884 —I do not consider it would be wise to saddle the Club with an annual liability of Lso or L6O of interest on the Lyooor LBOO which would be required to erect a really serviceable grand stand, etc., even supposing the Club were in a position to give satisfactory security for such a loan. During 1883-4 the crop of hay or grass seed on the reserve will have to be sold as no stoc can be allowed there while the running course is being made, or for a considerable time after. The racecourse reserve has been let to Mr James Lemon for one crop at 103 per acre, the tenant sowing grass seed, which the Club will provide. The necessity for sowing down the reserve caused the postponement of improvement to the running course, as it would be impossible to successfully re-form it while contractors had possession of the adjoining ground. When the course is re-formed an official survey of the distances will be made, which will prevent any doubt as to the time made by winners. Thanks to the liberality of the County Council, your Committee have been enabled to plant the frontage on the railway and Digby’s road with pines, which are doing well, and will eventually add much to the appearance of the neighborhood, and prove a very welcome shelter. The County Council have granted the Club a further sum of Lio for plantations in response to an application made at the beginning of this month. The same body, I understand, will also sow with gum seed the gravel reserve at the corner of the race reserve. The question of appointing a local handicapper for the district, or all races, is worth the consideration of the Club, as, however capable any gentleman living at a distance may be, he can know nothing of local horses, and the course suggested is followed i 1 some other districts. Mr Cookson has offered the Club the use of a room in the front of his stables, on condition that the gas is raid for ; for any fmther recompense he would cave himself in the hands of the Club. The possession of a room by the Club has much to recommend it, if only for the convenience of posting sporting information of all kinds ; but, on the 13 other hand, the Club has been liberally treated, and is at no expense under the present arrangement. In conclusion, I desire to thank your Committee for the courtesy and assistance to myself, and the readiness with which they have been prepared to sacrifice tfyeir own time when any matter affecting the welfare of the Club demanded their attention.- -J. C. Bell, Secretary. The report was adopted as read. ELECTION OP OFFICERS. The election of officers for the ensuing year resulted as follows :—President, Mr 1 E. G. Wright; vice-presidents, Messrs John Grigg, and W, 0* Walker; judge,

Mr M. Stitt; treasurer, Mr C. C. Fooks ; s clerk of the course, Mr E. Saunders ; ii clerk of scales, Mr Max Friedlander; C starter, Mr J. L. Crawley ; secretary, Mr I J. Wilkie. After some discussion, it was resolved s td appoint seven stewards this year, in- \ stead of five as formerly. The following f gentlemen were then elected : —Messrs H. T. Winter, 0. H. Dowding, R. i Friedlander. L. E. Oorsbie, E. S. Coster, W. Saunders, and Dr Ross. COMMITTEE. Mr W. Saunders proposed, and > Mr R. Friedlander seconded a motion in favor of eleven committeemen being appointed, five to form a quorum. This was carried, the following being electedj: —Messrs T. Quill, S. Saunders, R. Friedlander, M. Stitt, B. G. Crisp, J. Wilkie, I. Thompson, W. B. Denshire, W. Saunders, and Drs Ross and Leahy. SPRING MEETING It was proposed by Mr R. Friedlander and seconded by Mr C. C. Fooks—“That a two days’ spring meeting be held, the date and general arrangements therewith to be left in the hands of the Committee.” —Carried. THE ANNUAL SUBSCRIPTION. Mr James Wilkie suggested that the annual subscription'should be reduced to one guinea per annum. Mr E. G. Crisp proposed and Mr Friedlander seconded—“ That the subscription remain as before.” A TOTALISATOR. Proposed by Mr Wilkie, seconded by Mr 0. G. Fooks, and carried—“ That the Committee be empowered to purchase a totalisator." HUNT CLUB STEEPLECHASE MEETING. Mr J. L. Crawley wrote on behalf of the Hunt Club, asking for the use of the racecourse on August 10th, for the purpose of holding a one day’s steeplechase meeting.—The request was unanimously 1 granted. 1 A PLACE OF MEETING. Mr Quill proposed, and Mr Crisp se- * conded—“ That it be a recommendation to the incoming committee to invito applications for the sole use of a room for > the meetings of the Club. ” —Carried. f HANDICAPPEU. f It was left to the Committee to make 1 all the necessary arrangements with rel gard to the services of a handiaapper. COMMITTEE MEETING. It was then resolved that a committee meeting should be held this evening, at ‘ 5.3 d, at Quill’s Hotel, to consider the purchasing a totalisator and the engagay ment of a room, etc. s The usual vote to the chair having been passed, the meeting adjourned.

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Bibliographic details

ASHBURTON RACING CLUB., Ashburton Guardian, Volume III, Issue 700, 28 July 1882

Word Count

ASHBURTON RACING CLUB. Ashburton Guardian, Volume III, Issue 700, 28 July 1882

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