HIGH FINANCE.
"GREAT RACING DISCOVERY."
INVENTOR IN TROUBLE.
FINE OF £25 IMPOSED.
When imposing a line of £25 upon Edward Willerson Warren at the Police Court yesterday, Mr. F. K. Hunt said that many years ago it was found necessary to protect credulous people from tipsters and sharpers, and the case differed from others of the same class only in that the fee was about ten times more than the usual tipster asked. The defendant was charged with sending a circular to 0. A. Haines with intent to induce him to apply for advice for the purpose of wagering on horse racing.
The magistrate said that, the document bore the title, "The New Zealand Reinvestment Company for the elimination method of scientific totalisator speculation." It was described as the greatest racing discovery of all time, and one likely to return 40 per cent on investments. The price was a moderate one of £10.
In reviewing the evidence the magistrate said it was wrong to send a circular offering to give advice on a horse rice whether a bet was made with a bookmaker or on the machine. Tt was Mirprisinft that the defendant did not operate his own scheme, if it was such a good one. In addition to the fine, defendant was ordered to pay £3 13/ costs. Security for appeal was fixed at £10 10/.
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https://paperspast.natlib.govt.nz/newspapers/AS19280329.2.122
Bibliographic details
Auckland Star, Volume LIX, Issue 75, 29 March 1928, Page 10
Word Count
227HIGH FINANCE. Auckland Star, Volume LIX, Issue 75, 29 March 1928, Page 10
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