GREYMOUTH CLUB

Press, Volume CII, Issue 30051, 8 February 1963, Page 4

GREYMOUTH CLUB

Debenture Issue To Members

Tire Graysnoutfa Trotting Cfaub is reported to have cboem on unusual way of raietag money to finance its change to nitfrt tratttag in the near future. Tbe dub is aeHng member* to subscribe to a debenture issue at N per oent., secured by first mortgage of the cJub's land and buildings. it ia reported. An issue of £13,000 has been suggeated. with provision far repayment of a proportion of the debentures by annual baNot or in the case of hardship or the deafih of a debenture bolder. The dub ia reported to be hoping to receive replies from members by next week. The Greymouith dub decided in principle in favour of a conversion to night trotting at Ms annual meeting last August.

Fit For Royal

The Riccarton jockey, C. McDonald, who damaged a shoulder in a fall in a trotting event at a gymkhana, will be fit to ride at the Royal meeting at Riccarton He bee been engaged for the good two-year-old Magician in the £lOOO Hampton Court Handicap. This was a successful combination in the Dunedin Jockey Club’s Champagne Stakes ia December.