VERY HEAVY BURDEN
TAXATION ON RACING Auckland, August 14 The fact that taxation is still a very heavy burden on the sport of racing was emphasised this afternoon by Mr O. Nicholson, president of the Auckland Racing Club, in his annual address to members. For nine days* racing during the past season £152,730 had been collected from the club by the Government. Of this the totalisator tax accounted for £79,403 and the dividend tax £69.474. Mr Nicholson added that the net profit for the year, £4.678. would again be distributed for patriotic purposes. Fresh records had befen experienced in tote investments, both as to single race and daily and yearly turnover. On the Auckland Cup £53.616 was invested and the amount for eight events on Boxing Day was £229.157. The grand total for nine days of the year was £1.588.0 ’ncrease over the previous year '»f £224,402.—P.A.
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Nelson Evening Mail, Volume 79, 15 August 1944, Page 5
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147VERY HEAVY BURDEN Nelson Evening Mail, Volume 79, 15 August 1944, Page 5
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