Lottery Proceeds

Press, Volume CI, Issue 29869, 9 July 1962, Page 3

Lottery Proceeds

Sir-—ln answer to “B.” t. rough. not an infant. I offer rny “bawl and chatter” in the lottery proceeds distribution d.scussion, my contribution b“mg on the source of the fund. On the assumption >f 80 drawings a year an estimated profit of £1.5 million was to be distributed. The estimate row is 100 drawings annually Summarising, 100 lotteries would amount to 25 mill.on tickets at ss. £625 mullion; prizes. £3 million; administration and profit. £3 5 million One hundred draws w Kild leave £192 million as largesse to whom so ever the distributor favours. Of each ss. 2s 48d comes back and 2s 72d is kept back On £lOO investors get £4B and lose £52; £lOO in the Post Office would be £lO3 in a year. At 100 draw’s a year an extra £15.000 a draw given in prizes would leave £550.000 a year as profit ‘'Whim Wham’s" £lO is prizes. £4 16s; costs. £1 14s fed; profit. £3 9s 4d—Yours CHAS. E. ALLEN. July 8, 1962.

Sir.—l read today that grants from Golden Kiwi lottery profits have been made to individual towns as follows: Dunedin. £lO,OOO (museum); Hamilton, £5OOO (Y.W.C.A.); Waitemata, £lOOO (athletic club): Oamaru. £2OOO (swimming pool). Has the Christchurch City Council thought of putting in an application for £lO.OOO towards the building of the town hall?— Yours, etc..

SAUCE FOR THE GOOSE June 27, 1962. [The Town Clerk of Christchurch (Mr C. S. Bowie) replied: ‘“Sauce for the Goose’ may be sure that every source will be sought for subsidies when a site is sorted out and secured.”]