TAKAPUNA JOCKEY CLUB ANNUAL MEETING.

Auckland Star, Volume XXXIV, Issue 230, 26 September 1903, Page 6

TAKAPUNA JOCKEY CLUB ANNUAL MEETING.

li™ was a S»»1 ;«™'S e p S"Sw XT* ft; Slr ing a surplus 01 .-'•'' '■•,„-. hpinc a m""ous rear The amount paid to the Government as tax was £.£ 0/11 The committee have to repoit tnnt SiiHnn- the venv negotiations Had been c'n cml inio for acquTrlng tad to «rend tho racecourse, but nothing delinite t>o lai JS been arrangotl. According to tho rules three members of committee retire onnuojv. This year tho retiring members are Messrs E Ford, R. S. Reynolds, and W. D. Holsatewho, bnins eligible, offioi- them S for reelection, and are the only nominations received. " Tho course, traming track, buildings, etc., are. all in good balancp-shcot to tho 31st July, 1903, was as follows:—Dr.: To sundry secured nnd other creditors, £12,21T 12/9; bank overdraft£lor. 13/ balance, £1870 13/10 Total, £14,200 4/7. Cγ.: By racecourse andl other properties. building*, plant, etc., £ UWb IS/S: office furniture. £50; sundry debtors, £503 5/11. Total, £l-1,2U0 4/7. Profit and Loss Account—Dr.: To stakes, £5000; salaries and wages, Uo 3/0- rents arid interest, £r,C9 3/10; printing and advertising, £214 5/; catering, etc £153 10/G; rates and taxes, £11- IJ/«; band £49; survey plans and fees, £2S; repairs, tools, etc., £20 17/0; carting, £20 1/(5- race books, £14 6/; stationery, etc., -rid 13/; timber, £10; Racing Conference, £7; hire, £0 17/: donations. £5 5/; plants, seeds, , etc., £4 14/; accident insurance, £4 15/- delegates' expenses, £4 1/6; painting, etc' £J5 13/; sundries, £170 7/10; balance, £191 4/3. Total, £8022 13/7. Cr.: By totalisator, £4402 12/0; less Government tax, £748 2/13; nomiuatlous and acceptances, £1381; gates and booths, £2002 17/3; subscriptions, fees, etc., £880 13/; '-razing £15; sundries, £22 13/ G. Total, £5022 13/7.

The chairman, in moving the adoption of the report and balance-sheet, said that the small surplus was miiinly duo to tiic extensive shrinkage of totalisator receipts, which showed a falling off of £0822 when compared with last season's transactions. The expenses had been cut down by £144. Referring to the proposed extension of the course, the chairman haul that although negotiations had. so far. brought about no satisfactory settlement of the question, lie hoped that arrangements might yet be made enabling the club to have a racecourse one mile in circumference. A discussion followed, several members urging a reduction of working expenses, advertising, etc. Mr Armitage pointed out that there had been a considerable shrinkage in the nominations received since the advertisements were cut down, and thought that any further "saving" this way would probably result in a loss. The chairman said that a hint might be taken from the remarks passed, and that the committee should thoroughly overhaul the wnys and means. The election of the committee was next proceeded with, and, there being no opposition, the retiring members. Messrs Ford. R. S. Reynolds, and W. D. Tlolgate, were unanimously re-elected. The meeting then terminated with a hearty vote of thsniks to the chairman and the outgoing officers.