£308 PROFIT FOR YEAR
Banks Peninsula Club The Banks Peninsula Racing Club showed a. profit of £3OB for the year ended May 31. The club lost £249 or. its previous year’s operations. One item of income in the accounts for the last year is £571, the estimated amount due from the Banks Peninsula Trotting Club for the use of the course. The president, Mr I. C. Gray, says in his report that the amount is estimated because the whole matter of the sale of the club’s assets to a company to be formed. by the racing and trotting clubs is still under negotiation. The report says that the club is already beginning to feel the benefit of joint ownership. Much-needed extensions to the jockeys’ and drivers’ room had been paid for by the two clubs on a two-thirds, onethird basis. The club paid £7295 in taxes, £437 less than last year. Stakes amounted to £4950. against £6300 the previous year. Totalisator income was £11,577, as against £12,620 a year earlier, but income from the Totalisator Agency Board increased from £2705 to £2921. The club’s capital at the end of the year was £9062, an increase of £640. I*
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Bibliographic details
Press, Volume XCVII, Issue 26617, 20 June 1958, Page 4
Word Count
198£308 PROFIT FOR YEAR Press, Volume XCVII, Issue 26617, 20 June 1958, Page 4
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