LATE SPORTING.

Ashburton Guardian, Volume XLIV, Issue 9874, 23 July 1923, Page 5

LATE SPORTING.

ASHBURTON RACING CLUB. 1 THE ANNUAL REPORT. i The following is the Committee’s repent to be submitted i<o the members <of the Ashburton Racing Club at the •annual meeting to-morrow : The continued heavy taxation on the 'owners and the club has caused a heavy strain on the club’s finances, and unless a considerable reaction is made on the lovies and taxes, progression is impossible. During trie season, economy as far as possible Ims been the aim of the committee, and it has been impossible to effect any substantial improvements. Although no "rofit, has been made on the race meetings, both fixtures furnished some excellent sport, and proved most enjoyable. Owing to weather the -autumn meeting had to be postponed. This proved to be a wise decision, as the weather changed and the public enjoyed two fine days racing. During the year two valued members died—Mr Alex. Boyle, who was always a practical supporter of the club, and Dr C V. Baigent, who took great interest in The club’s welfare and gratuitously gave his services as surgeon. The membership of the club is loin . Mr T. "E. Upton, who held the position of Chairman for a number of years, and took a very keen and valued interest in the club’s affairs, decided not to stand 'for re-election, and Mr E. B. Newton, who is now absent on a visit to England, was elected chairman for the past season. The following nominations have, been received: — _ Committee —Messrs E. B. Newton, E. F. Nieoll, T. E. Upton. H. C. 'orbell, H. F. Nieoll, W. C. Brydon, and R. Kennedy. _ _ x t Stewards—Messrs E. B. Newton, J. H. Grigg, JeTTrt Grig?. H. Morris, T. E. Upton, H. C. Orbell, H. F. Nieoll, AV. C. Brvdon, R. Kennedy, T. Blackley, and E. F. Nieoll.

Balance Sheet

The principal Items on the receipts side of the balance-sheet are Nominations and acceptances, £1 253 l»s bci; admission fees. £928 10s; totalisator proceeds, £5074 8s • and race-cards, £290 12s lid In the expenditure account are: —Stakes, Government taxes, £1517 0s 2d (Total paid to Government £4592 7s 2d, -including owners and dividend tax); and salaries and wages, £536 8s 4d; the excess of rempts over expeiulitnre for the yenr being £29 3s lOd. Tho halance : sheri shows a balance of assets over liabilities of £‘324 5s 4d,