WRONG DIVIDEND PAID
OAMARU TROTTING MEETING ESTIMATED SUM OF £3795 INVOLVED "The Press” Special Service OAMARU, May 12. An error by a totalisator official in not “ringing up the full off-course investments on Dalgan Hall, winner of the R. A. McDowell Memorial Handicap at the Oamaru trotting meeting on Saturday, will cost the Totalisator Company Control Systems (N.Z.), Ltd., a sum estimated at £3795. The dividends posted end paid out to on course betters were £l4 3s 6d and £4 18s 6d—about double the correct figure. Although an approach was subsequently made to the Minister of Internal Affairs (Mr W. A- Bodkin), according to an officer of the Oamaru Trotting Club, to obtain permission to pay off-course investors at the correct dividend rate, the Totalisator Agency Board to-day instructed its representatives to pay the on-course dividend to off-course investors. Dalgan Hall was the first favourite each way with off-course betters, £245 10s being invested on her on the win machine and £241 for a place. These amounts -were not rung up and Dalgan Hall was shown as being eighth favourite each way. If the off-course investments had been registered Dalgan Hall would have been shown as fourth favourite for a win and third favourite for a place.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19520513.2.24
Bibliographic details
Press, Volume LXXXVIII, Issue 26729, 13 May 1952, Page 4
Word Count
207WRONG DIVIDEND PAID Press, Volume LXXXVIII, Issue 26729, 13 May 1952, Page 4
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in