"TOTE" INVESTMENTS.

Auckland Star, Volume LXI, Issue 219, 16 September 1930, Page 8

"TOTE" INVESTMENTS.

FINANCIAL BAROMETER?

DECREASE OF £118,000.

SEVEN WEEKS OF NEW SEASON,

The totalisator is regarded by many as a fairly reliable barometer of the financial position of the racing and trotting season opened at the beginning of August, and in the seven weeks since the, racing public Jiave\iuvested on the totalisator at the various meetings no less than £379,240, but this sum falls short by £118,054 10/ of the abrogate of investments in the corresponding seven weeks of last season, when the amount reachcd within £-000 of half a million. The Government takes approximately 1/6 in the £ from all totalisator investments, which means that something over £28,000 has been collected for the Treasury. The clubs receive about 2/ in the £, and their sharo of the betting on the machine for the past'seven weeks would be over £37,000. These amounts show that the public has paid over £60,000 for the privilege of having a bet on the machine. _ Below will be found the meetings held since the beginning of last month, with the totalisator figures (omitting shillings) for 1930 and 1929. Without exception this season's figures show a decrease.

" £497,900 £379,243 £115,657 In addition to tlie above meetings there was also the one-clay unemployment relief meeting of the Auckland Trotting Club, and a one-day meeting held by the Manawatu Racing Club, but as there were no corresponding meetings by these clubs last yeai - , they have not been included in the above list.

1929 1930 Decrease. . £ £ & Poverty Bay Hunt 11.(573 6,290 5,883 Christcliurch Hunt 13,879 , 10,7SS 3,091 Metropol. Trots 134,625 .101.178 33,447 C.J.C. National 158,620 120.S34 37,792 Pakuranga Hunt 40,OSS 34,871- 6,117 Dnnnevirke Spring 10,099 S,C27. 1.472 Dannevirke Hunt 9,552 6,778 2,774 laranaki Hunt 14,839 10,949 4,345 NT. Brighton Trots 25,7S6 18,384 7,402 Marton Spring 13,786 3 2,029 3.757 Wanganui Spring 46,780 36,703 10,077 Otago Hunt ... 17,267 12,207 5,000