UNCLAIMED LOTTERY WINS

Gisborne Times, Volume LXXIII, Issue 11827, 7 January 1933, Page 10

UNCLAIMED LOTTERY WINS

— HELP TO BUILD A TWO MILLION BOUND GYM. Holder-, of prize-winning tickets m <he Argentine State lottery who have, failed to collect 'heir winnings are responsible for making the Club Gimnasia v iNgrirna of Buenos Aires one of the best equipped Sports or-gani’-aiion;'- in tbo world. The f tuhhou«e. 'grounds. stadium and equipment oi rhis gymnastics and fencin'* Hub cost more than £2.000,000, a large- pari of which was derived from a sourer- oi income as u.jvol a< iv i-. sure and generous. ft* IU2I the Argentine Congress passec. an Act providing that all sums ot monev “proceeding from the uncollected prizes oi the national lottery were to bo handed over to the club for the purpose of improving and extending it- buildings, grounds and equipment. This national lottery is a weekly affair, the cost of the ticket depending upon the amount of prizemoney to be distributed and the number of tickets to be issuedThirty per cent, of the total proceeds or the issue I- invariably distributed among a number of deserving hospitals and charitable institutions. The remaining 70 per cent, it divided into many prizes, the largest nf which may be anything from ino.noo TO 2.000.000 Argentine pesos. There are thousands of small prizes amounting to little more than the cost of the Ticket. Naturally all players have their hearts set fin one of the big prizes. As ,-:oon as they have seen from the papers, which publish the winning numbers of the big prizes in bold type, that their hopes have not been realised, their interest hags, and many do not even take the trouble the next day to go over the official list in which all the prize-winning numbers are given. The Act authorising the lottery specifics that any prize*, not collected within six months shall be considered cancelled and that the proceeds shall go to the club for construction and maintenance purposes. Toe funds so derived exceed £62.000 annually. The club which was founded 32 year.? ago to encourage the practice of physical exercises, now has an

enormous gvinnaslum, and elaborate ground# that have the most complete installation imaginable for baseball, basketball, riding, swimming, ice and roller skating, lawn tennis, fencing. wrestling, boxing, rowing and all kind# of gymnastic- and athletic exercises. Of the dub’s 20-000 members. JfiOO arc women.