“INADEQUACY OF PRIZE MONEY”
COMPARISON WITH 1934 RACE (N.Z. Press Association—Copyright) (Rec. 11 p.m.) LONDON, October 12. “The inadequacy of the prize money was probably responsible for the few entries and resultant lack of public interest in the London-Christchurch air race,” a “Manchester Guardian” correspondent wrote- today. “The first prize of £lO,OOO was the same as in the 1934 race, when the money had three times its present value, and also when aircraft construction was much less costly. “To offer the same sum was a miscalculation. Unless prizes of the order of £50,000 can be offered, there will be no future for high-speed long-dis-tance events.” Criticising the handicapping system as being too limited, the correspondent said: “The handicap formula discriminated against jet propulsion, therefore against the Comet. It is possible that that was the reason \frhy there was no 8.0.A.C. entry.”
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Press, Volume LXXXIX, Issue 27169, 13 October 1953, Page 10
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141“INADEQUACY OF PRIZE MONEY” Press, Volume LXXXIX, Issue 27169, 13 October 1953, Page 10
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