YACHTING.

New Zealand Herald, Volume LXII, Issue 19125, 17 September 1925, Page 6

YACHTING.

PON SON BY CRUISING CLUB. STRONG FINANCIAL POSITION. A very a trout? financial position is revealed in the 25th annual report of the Poaaonby Cruising Club to be presented to the annual' meeting »at the clubhouse, St. Mary's Bay, this evening. The 1924-25 yachtins season proved very successful for the club, racing being held on seven days, no fewer than 140 different boats competing. ; No less satisfactory was the annual Tegatta ' in! which-112 boats took part. For the sea- ' con's racing the sum of £l7B 15s was paid oat in cash, and cupa and trophies to the value of £4BO were competed for. • \ '■ Ths Macindpe Cup was won by the Stari light, the Chatfield - Cup by - the Leveret, . and the Harrison and Mtckay Cup, the i race for which was for boys under 21 years 1 of age, in T. and Y. Class boats, by tne ' Bronzowing. The club's accumulated fttnde, ■ which had been set aside for clubhouse extensions and improvements, now stood at > £IBO. The committee did not deem it wise to commence '.work on the muoh-needed extensions until the situation of the boat harbour, promised by the Auckland Harbour ' Board, had been definitely fifced. The bank balance now stood at £328 19a Bd, an in- | crease of £65 12s 7d over last year's balance. 1 Of this the committee was very proud, and, taking into •: consideration the balance oi . asseta over liabilities (£604 9s 2d) and the ; ridiculously low values at which the fixed ' assets appeared in the balance-Bheet, memI bera couM safely boast, that the club was in a better financial position than any other ' , club in Auckland- The building fund had been augmented by £42 16s 5d from euchre ® evenings which had been held in, the clubs house every Monday evening during the The club was specially indebted to the , Auckland Harbour Board, through Captain l H, H. Sergeant, for help in many matters during the season. Thanks to the efforts of . Mr. M. Boles, who, approached the board on behalf of the clabi a trolley and set of lines had been laid down on St. Mary's beach for the purpose of conveying, at low water, dinghies to and from the water to the lockers in the clubhouae. There was no doubt » this trolley was a boon to the yachtsmen who had need to use it and members were r asked to see that it was not misused. Owing to pressure of business the com--3 xnodore, Mr. C. J. Collings, would be unable to accept office for the ensuing year. The club greatly appreciated all that Mr. r Collin gs had done toward its success, especi- - ally for the great results he obtained in . securing funds for the annual regiitta. The following nominations for officers ' have been received Commodore, Mr, W. ? Good is on; vice-commodore, Mr. H. R. ? Arthur: Mr. 8. R. Speight: v; secretary, Mr. A. J. Collings. 3'„" " " "