EGMONT SHOW

Hawera Star, Volume LI, 21 May 1932, Page 9

EGMONT SHOW

MEETING OF ASSOCIATION PAST YEAR REVIEWED LOSS OF £42 ON SEASON. The annual meeting, of the Egmont A. and P. Asociation was held at; Hawera to-day, Mr. C. H. Washer presiding over an attendance of 24 members. . In moving the adoption of the accounts and balance sheet for the year ended March 31, the chairman said that the forty-eighth annual show, held on the 18t : h and 19th November, 1931, was generaly considered by exhibitors and tlie public to be one of the _most successful shows that the association had held. The entries received constituted a record lor the Egmont Show and totalled 2078, an increase of cG on the 1930 fixture. North Island championships in the Friesian and Ayrshire cattle, Large Black pigs, and the Clydesdale Horse Society and the Union Steamship Company’s Cup tor the champion mare were competed for at the show, drawing competitors from all parts of the North Island. Ihe championships had resulted as iollows: Friesian: Bull,' H. E. Johnson, Tokaora, “Coldstream Domino lontiac”; cow, Technical High Stratford, “Coldstream Galatea Fayne. Avrshires: Bull, B. H. Olson, New Plymouth, “Oiedholme Top Grade, imp.; cow, F. Mills, Hawera, “W aipapa Princess Mary 2nd.’ 5 Large Black pigs: Boar, D. and S. Boss, le Puke, “Balnagore Ivingsford Smith’ ; sow. D. and S. Boss, Te Puke, “forest Lass I”. Union Steamship Company’s Cup: J. C. Baird, Hastings, “Jeannie Bell'”. The attendance at the show was large and the gate takings showed an increase of £33 on the previous year. An honorary staff undertook the duties of ticket sellers and gatekeepers on the finst day and the thanks of the committee were due to Mr. H. E. Cressy who had carried out the duties of arranging and supervising this work under the auspices of the Hawera Chamber of Commerce and the Hawera Betailers’ Association, lhe committee also thanked the exlnbitois who so loyally supported the show dming difficult times. The terms and conditions tor the proposed sale of land to the Taranaki Buo-by Union, mentioned in last year s report, had been rejected by the union, and at present the committee was engaged in evolving a proposal for the joint ownership by the association and the Taranaki Bugby Union of part of the grounds. It was proposed to submit this proposal to the Rugby Union at an early date. In conjunction with the A\ anganui A and P. Association application 'had been made to the Minister of Internal Affairs for a permit to conduct a £4,000 art union to assist the funds of the two asociations. Up to the present the application had not been "ranted, but no opportunity was being lost of placing the association s | claims before the responsible autliontie]Vlr. Washer regretted that a loss of £42 8s Id had been made on the year’s working, and this could mainly be attributed to a falling off in membership subscriptions, due no doubt to ; the economic conditions existing. Ilie financial position of the association had been aided by the mortgagee, who had made a considerable interest reduction, while the secretary had also accepted a salary reduction. The thanks of the committee were 'due to Messrs. McL’Dowie and H. McWilliam for their excellent aohieve- ! ment in showing a profit of £lB odd on the year’s farm operations, especially as they had commenced the year with a handicap of £37. The generosity of Mr. McL’Dowie in advancing, free* of interest, the finance for sheep, had been particularly helpful. Thanks were extended to the ladies who had so ably controlled the produce shed and tie catering at the show; the judges, stewards and donors of special prizes, for their whole-hearted support; the press and the general committee. . , The motion was seconded by Mr. McL’Dowie and carried, STATEMENT OF ACCOUNTS. The statement or accounts and bal-ance-sheet was as follows: Show account.—Expenditure: Printing and advertising, £BB 12s 6d; prize money, £631 9s; labour, £42 6s Id; judges’ expenses and luncheons, £59 Os 3d; general expenses, £66_ 3s 10d; balance, net profit-, £l9l 15s sd—total, £1079 7s Id. Receipts: Donations, £l7B 10s; entry fees, £307 9s 6d; gates, £316 13s 3d; space, £139 13s; catering. £77 Is lOd; privileges, £59 ‘ 19s 6d—total, £1079 7s Id. Farm account.—Stock and wool on hand at April 1, 1931, £l9B 12s; stock purchased, £166 6s; wages, droving, freight, etc., £9 19s lid; interest, £3 19s 6d; balance (profit), £lB Is Id—total, £398 18s 6d. Beceipts: Sales of stock, £299 18s 9d; sales of wool, £6l 13s 9d; sales of lucerne, £4 10s; stock on hand at March 31, 1932, £3O 18s total, £396 18s 6d. Profit and loss account. —Dr.: Maintenance and repairs, £4O office printing and stationery, £/ Is Id; office expenses (petty cash), £49 17s 2d; interest, £598 6s 3d; rates, £122 4s lid; salaries, £274 14s Id; insurance, £l7 4s lid; general expenses, £46 18s 7d—total, £1156 12s sd. Cr. : Annual show £l9l 15s sd; farm, £lB Is Id; electric light members’ subscriptions, £44/ ; rents, grounds £328 9s 9d, offices 12s 6d; unclaimed prize money, £3 10s 6d ; balance (net loss), £42 8s Id. Balance-sheet. —Liabilities : Mortgage on showgrounds, £10,000; mortgage on 1 Nelson Street property, >11509; aej crued interest on mortgages, £137 10s; deposits, £192; accrued interest on deposits, £67 10s sd; fund, £24; sundry creditors, £B7O 17s 3d; Bank of New Zealand (overdraft), £llß7 0s 7d • balance (assets over liabilities) £2211 13s 2d, less loss on year’s acounts £42 8s Id, £2169 5s Id; total, £16.148 3s 4d. Assets: Showgrounds, £10,850; improvements, £2002 8s 9d (£12,852 8s 9d; Government valuation apital value £14,855); Neb on Street property, £650; buddings, £lBBl 11s 9d (£2531 11s 9d; Government valuation capital value £l£>2o)— property total, £15,384 0s 6d; cups, £162 15s; stock on farm, £3O 18s; office furniture and fittings, £lO7 7s 3d; Farmers Co-op. Organisation Society Ltd. (three £lO fully paid shares), £39; sundrv debtors, £34 19s lOd; cash at Bank of New Zealand, No. 2 account £396 13s 4d; cash on hand, £1 9s 5d —total, £16,148 3s 4d.

AUDITORS’ CO MOMENTS

In their report the auditors, Messrs Walkley, Cameron and Laurence, pointed out that the assets were given at hook values and, as no depreciation had been written off the buildings for some years, the financial position of the association was quite unsatisfactory. With the present depression in values it would be obvious that the ex-

cess of assets as shown at £2169 15s Id was non-existent. It was again quite evident that the standing charges for overhead were higher than the show could carry and return a net profit as, although interest had been reduced by £l4O, the result of the year was a net loss of £42 8s Id. The auditors did not wish to further comment on the figures, as the committee was well acquainted with the position and they could only reiterate their remarks of previous years. ELECTION OF OFFICERS.

Officers were elected as follow: President, Mr C. H. Washer; committee, Messrs A. Appleyard, J. Forbes, E. Death, F. Hoskin, H. E. Johnson, J. Kerrisk, junr., W. McL’Dowie, H. McWilliam. F. Mills, junr. W. V. Parker, J. Pettigrew, W. H. Reynolds, J. Thomlinson, E. A. Washer, G. W. Williams, F. Ogle, W. T. Seed. S. A. Tippett, H. Thrush and E. B. O’Shea. A donation of half the audit feer was received with thanks from Messrs Walkley, Cameron and Laurence. A vote of thanks was accorded the retiring members of tlie committee, Mr C. Tickner for his assistance to ,the farm committee, and the Hawera retailers for tlieir excellent .support of the -show.