PROFITABLE YEAR

Wanganui Chronicle, Volume 84, Issue 189, 13 August 1940, Page 9

PROFITABLE YEAR

RANGITIKEI RACING CLUB COMMITTEE NOMINATIONS The committee of the Rangitikei Racing Club met in Bulls on Friday evening. Present: Messsr. R. D. McKelvie (chairman), G. H. Archer, J. Tricker, T. W. Norris, D. W. Wilson, E. A. Caldow, J. E. Walker, J. H. Russell, B. J. Frecklington, J. J. Mansell, A. W. Amon and Q. O. Wilson. Apologies for non-attendance were received from Messrs. F. O. Bailey, P. Richardson, R. Mackay, ano K. McK. Duncan.

As a mark of respect all stood in silence on account of the death of a member, Mr. A. B. Armstrong, of Wanganui.

It was decided that members on active service would be exempt from payment of subscriptions while away. Votes of thanks were passed to the club delegates, Messrs. J. R. L. Stanford and H. J. D. McManaway, .for services rendered on the New Zealand Racing Conference; also to Messrs. G. H. Wilson and T. P. McGrath for services rendered gratis in connection with ihe club’s stock.

A large amount of routine correspondence was dealt with. It was reported that only two nominations had been received for the two vacancies amongst the vice-presidents, an dMessrs. F. O. Bailey and J. E. Walker are therefore elected unopposed. Four nominations have been received for three vacanJ.es on the committee, and a postal ballot will be held to decide the issue. Those nominated are Messrs. E. A. Caldow, J. J. Mai.sell, Geo. A. McDonell and D. W. Wilson.

Arrangements were put in train for the annual meeting of members, which will be held in the Town HaU supper room on Wednesday, August 21. A social evening will follow the regular business. The caretaker reported that the course proper was in perfect order, and that on the farm lambing had commenced. Sheep and heifers were in good condition. The balance-sheet for the past year, duly audited, showed that after spending £743 on improvements and plant, £377 on labour and maintenance, and writing off £226 for depreciation, and £129 for bad debts, the year’s working had resulted in a net

profit of £328. The withdrawal of the one per cent, totalisator duty had reduced the club’s revenue by nearly £3OO. The balance-sheet was approved, and will be printed and distributed amongst members, and handed to the Press for publication.