Sporting Review. SATURDAY, AUGUST 9, 1890.

New Zealand Illustrated Sporting & Dramatic Review, Volume I, Issue 2, 9 August 1890, Page 1

Sporting Review. SATURDAY, AUGUST 9, 1890.

The annual meeting of the members of the Auckland Racing Club was held at their rooms, Durham-street, on the 4th inst. There was a difficulty in getting a quorum. The accounts and balance-sheet were passed in rather a hurried manner, and the old standing Committee were re-elected, with the exception of Mr. Thompson in the place of the late Mr. A. K. Taylor. To insure fresh blood on the Committee, an improvement in the rule would be that three members should annually retire, not being eligible for re-election for that year. It is almost incredible the little interest the members take as regards the financial and general affairs of the Club. The Committee, with few exceptions, have been the same for many years. According to precedent some of the Committee should have resigned during the racing season and have been replaced by new men. The members generally appear riot to be aware that they are individually responsible for the liabilities of the Club. On looking over the balance-sheet of this year it appears to us that the Club have made a profit of and that the overdraft at the Bank has been considerably reduced. The omission of the entry fees for the different races in “futuro,” in the one column, needs some explanation, as of course they have been paid to the Club; also the debtors 19s. lod. and unpaid subscriptions 290 is., strike a racing man as rather curious items, as Racing Clubs should have no debtors. What would people say of Messrs. Weatherly if they - brought forward a balance-sheet for the Newmarket Jockey Club with a debtors’account ? The balance-sheet of the Auckland Racing Club is published "in another- column, so people can form their own ideas.