CANTERBURY J.C

Timaru Herald, Volume CXXXIX, Issue 20104, 10 May 1935, Page 4

CANTERBURY J.C

LOSS OF £1726 ON YEAR A loss of £1726/19/10 on the year’s operations is shown in the annual report of the Canterbury Jockey Club for 1934-35. The annual report shows that stakes were increased by £1875 and that £3263/4/5 was written oft as depreciation. It is consequently claimed that the loss shown is reasonable and that undoubtedly it would have been less but for unfavourable weather conditions on the second day of the autumn meeting. Work on the new totalisator, the report continues, is in progress and it is confidently anticipated that the installation will be in operation at the Grand National meeting, when members and the public will enjoy the most modern facilities obtainable. It is with deep regret that the sound pace, deaths during the year of the following members are recorded: Sir H. F. Wigram, Dr. F. G. Gibson, Messrs W. M, Acton-Adams, J. Anderson, W. I. Bolam, J. C. Clarkson, W. F. Diedricks, G. G. Holmes, S. L. Rutherford and J. Studholme. The requisite number only having

been nominated for the stewards, committee and the office of honorary treasurer, no election is necessary. Financial Statement. The principal items in the receipts are: Subscriptions, £1575; entries, £4635/10/-; gate receipts, £7502/9/3; privileges, £982; racebooks, £1547/2/9; totalisator, £31,124/6/8; and training fees, £356/13/6. Under the heading of expenditure the chief items are: Stakes, £22,110; salaries, £1420/15/-; wages £2952/7/9; race expenses, £2899/14/5; Government taxes, £13,010/17/4; New Zealand Racing Conference levy, £667/17/6; racecourse maintenance. £913/14/4; rates and insurance, £BO6. Main items of the balance-sheet are: Liabilities: Sundry creditors £72/7/-; forfeits future events, £2; stand subscribers, £8100; balance due to bank, £12,534/3/6; capital account £76,173/11/6. Assets: Railway land, £5Ol/14/-; new land, £857; grandstands, buildings and plant, less depreciation. £79,466/3/1; automatic totalisator, £8209/16/4; new totalisator, £2394/6/11; office buildings, £4722/6/11; and sundry debtors, £269/18/-.