LOSS NEARLY £4000

Evening Post, Volume CXIII, Issue 118, 20 May 1932, Page 4

LOSS NEARLY £4000

C.J.C.'S BALANCE-SHEET

;In .spite, of a' reduction of £11,i3-15 -in slakesivand- reductions, in .other ..items, of expeirditTirerthe Canterbury Jockey Club closed-its'year on'3oth April with a loss of £3962 ; 8s'Sd: - The annual report states that,, considering the.financial stringency, the result.''of the' year's. operations was fairly satisfactory, though it. was achieved largelj^at - the sacrifice , of. ■ owners.. ■ \

.The required number of liomihatione' had been received forthe offices of stew, ards and honorary treasurer, the report' continues, and no election would be necessaiy:; Fifteen' riomiria-tions had been received for the thirteen-places- ron the comrnjitteo. ".'.■;-.' .- :; :.-: .-;-'•- "-(■:".■

. The'.b'alance-sheeti shoi>-s:ra debit £3962.-8s 8d in the profit aiid loss account.' Subscriptions totalled £2l)o7, nomination' Ucs.%SQQO, stands audgate takings £8489,, , sale:^: ipriyilegcs %ni totalisatortakings; £27/702. -On the expenditure side," stakes amounted t0.£21485, salaries' and' wages^' £-4661, • attendance -. at: meetings' £y)JSo,- Government taxes £ 13,344, , and^ rates; t.a.xes; and insurance-£l3l2^^-leaving, a balance due to the bank-of £16,440.. The : assetsi.tbtal' ,£;103,J)25,' and 'theJ- liabilities include. £79,382. in ■ the capital" ' account, £16,440 due to the • bank, arid: £81,00' to stand subscribers.: The , Cautei'bury Dis-^ trict Committee has a .balance of £364: 95.2 don deposit. ;--.. "''''.":'■"