AUCKLAND RACING CLU

New Zealand Herald, Volume XXVII, Issue 8326, 5 August 1890, Page 6

AUCKLAND RACING CLU

ANNUAL MEETING.

The annual meeting of the Auckland Racing Club was held yesterday afternoon. There wero present : — Mr. T. Morrin (chairman), Messrs. J. Kirkwood, L. D. Nathan, J. Dickey, A. Buckland, W. Gorrie, A. Wright, J. F. Churton, P. Lanigan, and T. McEwiu. Tho annual report was read by Mr. Percival. It was as follows :—

In submitting the annual statement of accounts to you, your committee have to congratulate you upon tho continued prosperity of your club, notwithstanding the very severe depression in trade and agricultural pursuits, which lias not been confined to any one particular branch of business, as all have suffered, which has 110 doubt affected tho revenues of your club. During the year we have held five meetings, giving away in stakes £7850, against £6550 the previous year in four meetings ; your committee have under consideration the advisability of again holding another extra meeting. The profits, as shown by tile accounts attached, show a surplus of £SIS, which must bo considered satisfactory. Your committee have deemed it advisable to still further reduce the estimated value of your stands, and with this object have written off £lf>os, which leaves the new stand at £8000, and the Derby and other buildings at £1000, besides writing £105 off furniture and plant for depreciation. During the year the money passed through totalizator shows a large increase compared with the last two years, lie statement showing : ISSS-S!), £42,1)7(1; ISSiUMi, £M,f>!U. Our races oil the whole have been well attended by tho general public, but the railway fare evil still stares us in the face, and until the Hailway Commissioners can be prevailed upon to reduce the fare to one shilling, I am afraid we cannot expect to see larger crowds ; however, the reduction or otherwise of admission ti> the course is under the consideration of your Committee. Another meeting of delegates is"to be held in Wellington on the 15th of this month, at which the Hon. K. Mit'-helson has again been asked to represent this Club li e *"«' slight alterations in the rules are to be j ip - i but the chief business is to consider the pro >se I filiation of a New Zealand Jockey Clnb. Vol.. buildings and gallops are all in fair order, but we shall, at no distant date, be compelled to spend money in painting. Before closing this report, I must take tills opportunity of expressing the very great regret we must all feel at the loss we have sustained in the sudden death of four of our prominent members Messrs. W. I Taylor, A. K. Taylor, Samuel Turtle, and Samuel j agger, all of whom have at different periods taken a leading part in the affairs of racing.

The balance-sheet for the year ending June 30, IStK), was as follows : —

Dr.—Creditors, A'lSii !>s fid; creditors secured, £11,77S -s 2d ; overdraft in bank. ,ejl>7 IDs -Id ; distressed jockey fund, £:>!*.» 10s ; capital, £15.1)47 lis Id ; less written off for depreciation, £1730 Os lud ; profit and loss, £SIS los Od : total, ~-7,10s 9d. — Debtors, c.VvS IDs lOd ; unpaid subscriptions, £290 Is; racecourse, £17,0**0; new grand stand, £8000 ; Derby stand, £1000 ; furniture, £250 : working plant. £300 ; Mares' Produce Stakes, £0 lis lid ; cash, £142 18s fid : total, £27,1138 10s I'd. profit AM) loss A (.TOO.NT. Dr. Wages, salaries, etc., £734 0s; office rent, £7'J l;ts id ; interest, £805 Is I'd ; tail gallop, £30 5s Oil. Charges, viz. : — Insurance, £'. S's 6d ; rates and property tax, £70 Is fid; caretaker's collage, £20; law expenses, £3 :>s ; telephone, £24 lis Oil; sundry charges, £214 17s Od ; balance, £SIS ISs Oil : total, £2023 -S lid.

Or.—Members'subscriptions, £013 lis; assumed names, £0 Os ; training fees and grazing, £173 l;ts Oil ; spring meeting, £310 UN ltil; summer meeting, £1312 :'»s Til; winter meeting. 10s id ; Jubilee meeting, £134 !>s 'Jd ; autumn meeting, £!M His 2d ; spring meeting, ls.il, £t>l : summer meeting, IS'JI-2, £1.19 14s; autumn meeting, IS'JI, £49 l;>s : total, £2923 is Od. CAPITAL ACCOI'.NT. Dr.—Amount written off for depreciation, £1730 Os 10d ; balance, £15,030 its lOd : total, £10,700 lUsSd. CK. — nice mil June. ls>!>, £15,',147 lis lid; profit for year ending 3utli June, IS'X>, £aIS ISs yd ; total, £10, 10s Ml. The statement of accounts in connection with the various meetings held during the year was as follows : — Spring Meeting.—Receipts, £15118 lis 8<1; expenditure, £ I'.'ol lis yd : balance to profit and loss, £310 li's lid. si'MJIKK MEETlNG.—Receipts, £0612 Ss fid ; expenditure, £4350 4s tod: balance to profit and loss, £1312 3s 7d. Jini.EE Meeting.—Receipts, £1070 .Ss 4d ; expenditure. £935 IDs 2d : balance to profit and loss, £134 9s 2d. A i TC.MN Meeting.—Receipts, £1861 7s 0d ; expenditure. £1700 lis 4d : balance to profit and loss, £94 10s 2d. Winter Meeting.—Receipts, £097 f>s ; expenditure, £696 lis ILKl; balance to profit anil loss, 10s 2d. The Chairman, in -proposing the adoption of the report and balance-sheet, said he had little to add to what was contained in the report. In the live meetings which had been held during the last year, they had shown a profit, although the last was a small one. Their balance, on the whole, was favourable, and he believed they were as prosjjerous as any club in the colony, and he had great pleasure in moving the adoption of the report and balancesheet. The motion was seconded by Mr. A. Buck la j«d, and carried. COMMITTEE. Messrs. Morrin, Dickey, Russell, Philson, and the Hon. E. Mitchelson were re-elected members of committee, and Mr. Herbert Thompson was, on the motion of Mr. Lanican, seconded by Mr. Dickey, elected a member of lie committee instead of Mr. A. K. Taylor, deceased. A vote of thanks to the Chairman terminated the meet ing.