£1 Million Profit For Lotteries
(Neto Zealand Press Association) WELLINGTON, June 28. The Mammoth lottery and the Golden Kiwi lottery resulted in a total net profit of £1,054,585 in the last financial year, the Department of Internal Affairs announced today. The department said in its'the sensational demand for annual report, tatlad In Pan liament, that further expen- , a year was a direct resvJ i t of ence appeared to confirm the this limitation,” said the reconclusion drawn last year j port. * v- • that there was an “upper, Forty-three Golden Kiwi level of public demand” for‘lotteries were drawn during this type of gambling. (the year as against 47 in the It said in the first full'previous year. year of continuous sales ofj “This drop in sales would Mammoth lottery tickets only i appear to be related to the six lotteries were drawn. 'unrestricted sales of Mam“This seems to show that'moth tickets,” it said.
The financial result of the lotteries were:
Gross Sales Prizes Lottery Duty Commission .. Mammoth . 1.499,909 810,000 149,990 93,744 Golden Kiwi 2,687,458 1,419,000 268,745 268,745 Total 4,187,367 2,229,000 418.735 362,489 Expenses— Advertising Results . 8.502 52,763 61,265 Other Items .. 8,982 52,311 61,293 Net Profit . 428,691 625,894 1,054,585
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19670630.2.209
Bibliographic details
Press, Volume CVII, Issue 31409, 30 June 1967, Page 15
Word Count
197£1 Million Profit For Lotteries Press, Volume CVII, Issue 31409, 30 June 1967, Page 15
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.