SHARE OF T.A.B. PROFITS
Help For Owners Proposed “The Press" Special Service WELLINGTON. March 22. The time was opportune for owners in New Zealand to receive assistance from a share of Totalisator Agency Board profits, said Mr E. Goulden, the retiring president of the New Zealand Racing Owners', Breeders’, and Trainers’ Association. Mr Goulden drew attention at the recent annual meeting of delegates in Wellington to the large increase in racing costs borne by racing owners during the last 10 years, and he thought they should get assistance similar to that given to British owners by the British Betting Control Board, which during the 1955-56 season allocated £170,000 from totalisator profits for the carriage of horses to and from meetings. Mr Goulden said he doubted whether racing clubs could Provide a dav’s sport for such a small admission charge as that levied m NewZealand without the assistance they received from their share of T.A.B. profits. These profits amounted last season to £647,000, and on-course and off-course investment- contributed more than £4,000,000 to the revenue of the country in the form of taxation.
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Press, Volume XCV, Issue 28234, 23 March 1957, Page 7
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182SHARE OF T.A.B. PROFITS Press, Volume XCV, Issue 28234, 23 March 1957, Page 7
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