ARDMORE GRAND PRIX

Press, Volume XCIII, Issue 27912, 8 March 1956, Page 17

ARDMORE GRAND PRIX

PROFIT OF £9OOO (New Zealand Press Association) AUCKLAND, March 7. A profit of more than £9OOO was made by the New Zealand Grand Prix meeting at Ardmore last January, Mr R. M. Grierson, president of the Auckland International Grand Prix, said today. Good weather and the attraction of world-class drivers contributed toward the profit. The first meeting in 1954 showed a substantial loss, but this was turned into a small credit balance in 1955. The organisation is a body of volunteers, mostly Auckland businessmen, and any profits are to be used toward the furthering of Grand Prix races in New Zealand and the benefit of the sport generally. The New Zealand Grand Prix is one of the few international race meetings in the world which has shown a profit. Whether the organisers can keep it up depends largely on the weather (a bad day could mean a heavy loss) and public support. Mr Grierson said that although a profit had been made this year, his executive felt that it needed another three or four successful meetings to give it the capital backing necessary to carry out its objectives.