TELEGRAPHED INVESTMENTS.

Auckland Star, Volume LXIV, Issue 232, 2 October 1933, Page 6

TELEGRAPHED INVESTMENTS.

The claim made that provision of facilities for telegraphing investments to the totalisator would mean a great increase of revenue to the racing clubs would, I think, only bo found to work out in practice if tho cost of telegraphing bears sonic- relation to the amount of tho investment. .Ten-shilling punters are not likely to desert their bookmakers —who would no doubt increase their "limits" in face of competition—for the pleasure of paying a new telegraph tax of 10 per cent, as they know the taxes already imposed on them are out of all reason. To make some success of it, racing- telegrams could, perhaps, bo handled at a special charge of from, say, 6d to 5/, according to the amount invested, and, to ■ prevent any howl that racing telegrams were 'holding up other business, regulations could be made that the smaller and more numerous investments "would, have to be handed in a good deal earlier. Even the most foolish speculators will begin to see how the dice- are. increasingly being loaded against them, and begin to ask what are the Government's special claims to benefit from ;i game which receives little assistance from it. ■ F. WKEGHITT.