TE AROHA JOCKEY CLUB

Waikato Times, Volume 125, Issue 20888, 21 August 1939, Page 8

TE AROHA JOCKEY CLUB

SUCCESSFUL YEAR REVIEWED CREDIT BALANCE OF £2933 After making full allowance for money spent on course improvements, depreciation and bad debts the annual report of the Te Aroha Jockey Club discloses a credit balance of £2933 3s 9d. The bank overdraft has been reduced from £3063 16s Id to £361 11s 2d. The president, Mr R. L. Somers, comments that (fee annual race meeting proved a record one in all respects. Stakes amounting to £6050 were paid out over the two days and totalisator returns ran into £104,933, compared with £93,720 the previous year. The actual profit on the meeting was £4630 16s lod. A profit of £74 17s 2d was showed in the Farm Account. a new booth was nractod during the year at a cost of £225 8s 2d and two new stove* installed at a cost of £O4. Further grandstand accommodation was an ungent necessity but with only two days racing t year the <• iub £• faced with a difficult pcoMwn in financing such a project. Election Of Officers The retiring officers, the president, Mr >B. L. Somers; vice-presidents, Messrs B. Burke, J. B. Johnson and P. Baine; treasurer. Mr J. P. Somers; and four members of the committee, Messrs F. T. Howe. G. A. McGlashan. J. Kenny and C. 11. Murphy, have again been nominated, and, as no further nominations have been received, they will be declared elected at the furthcoming annual meeting.