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New Zealand Illustrated Sporting & Dramatic Review, Volume VI, Issue 265, 22 August 1895, Page 5

The Melbourne Sportsman writer “ Warrior ” figures out that the V.R.C. has dispersed nearly £lOO,OOO in wages since Mr Fisher’s Lantern won the Melbourne Cup of 1864. The revenue account amounts to £17,033 5s 2d. This is exclusive of the value of the buildings and other improvements on the club’s lands, which cost over £160,000, and stock and implements. Since the season of 1864-65, when the V.R.C. were only able to support a Spring and Autumn meeting (£3205 the value of stakes), they have made gigantic strides, so much so that the total added money paid to owners amounts to nearly half a million of money—namely. £494,091. From the season of 1865-66 to 1873-74 the stakes paid away by the club averaged about £5350. In 1875 and 1876, £6875 and £7825. Then there was ajump to £lO,OOO and over. Gradually, from 1883 to 1893, the stakes advanced from £14,125 to £43,200.