SWEEPSTAKES ON DERBY

Taranaki Daily News, 28 April 1930, Page 9

SWEEPSTAKES ON DERBY

SCOPE MUCH RESTRICTED

GENERAL PUBLIC BARRED

CHARITIES’ HEAVY LOSS

(British Official Wireless) Rec. 5.5 p.m. Rugby, April 24.

The sweepstakes on the Derby are this year on a much restricted scale as the result of the declaration recently made by Mr. J. R. Clynes, Home Secretary, setting forth the Government’s views on the subject. Mr. Clynes’ statement was in effect a warning that sweepstakes must be conducted privately and that tickets must not be sold to the general public. The Stock Exchange sweepstake, which last year reached the enormous total of £1,000,000 owing to the participation of the general public, has this year reached only £70,000, tickets being sold only to stockbrokers. The Smithfield meat market’s sweepstake has been abandoned owing to the threat of proceedings by the tickets having apparently reached the outside public. Other institutions such as the Baltic Exchange and the Royal Automobile Club are conducting sweepstakes as usual and every effort is being made to confine tickets to. members only.

In all cases a large percentage, generally 10 per cent., is allotted to charities. The shrinkage of the Stock Exchange sweepstake will mean that £7OOO, instead of £lOO,OOO will be distributed.