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TOTALISATOR RECORDS.

AUCKLAND SUMMER RACING carnival.

SEVEN DAYS' TOTAL £609,175,

HALF A MILLION RAID OUT,

The amount of money invested on the totalisator at the Auckland Racing Club’s and Auckland Trolling Club’s seven days' racing carnival, which concluded yesterday, totalled no less than £609,175, as compared with £369,621 for the corresponding two meeting's of the ?918-19 holiday period. Thu increase shown by the total for this season’s carnival is dims £239,654. This large total is a record for tiro Dominion. The sum invested on tho EHerslie course during tho Auckland Racing Club’s four days’ meeting constituted a Dominion record, the total being £435,781 10s. as against £263,170 for the 1918-19 meeting, the increase being £172,611 10s. The total for the three days of the Auckland Trotting Club’s meeting at Alexandra Park was £173,393 10s, as against £106,351 last season, or an increase of £67,042 10s. This year’s total is a record for the rlub. Ten per cent, of 'the total amount invested on totalisators is deducted and ap-1 portioned between tho clubs and the State, the former receiving per cent, and the latter 222' 2 per cent, vf’hcrcfor.c' the Auckland Racing t 'mb derivpjl tho sum-of £32,6851 .font tlie totalisator'(br the meeting as compared with £19,737 last year. The Auckland Trotting Club receives £13.004 from its -no-'tinrr. ns against £79?.fj last vent'.. The Government's proportion from (lie two meetings is £15.229. as compared with £9258 last ,\ear. In addition, - the State benefits to a further extent, in tho form of a special war tax of 2j per cent, imposed on the dividends, which totalled £548.257 (or the seven days. This tax yields £13,706, making a total gain to the State Treasury of £28,935. T|)e amount received by the investors is tbps £554.551, *

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/MS19200106.2.11

Bibliographic details

Manawatu Standard, Volume XLIII, Issue 1716, 6 January 1920, Page 2

Word Count
292

TOTALISATOR RECORDS. Manawatu Standard, Volume XLIII, Issue 1716, 6 January 1920, Page 2

TOTALISATOR RECORDS. Manawatu Standard, Volume XLIII, Issue 1716, 6 January 1920, Page 2