WELLINGTON RACING CLUB’S ANNUAL MEETING.

New Zealand Illustrated Sporting & Dramatic Review, Volume XI, Issue 510, 27 September 1900, Page 15

WELLINGTON RACING CLUB’S ANNUAL MEETING.

The following report and balance-sheet were presented to the members at the annual general meeting, held on Monday : — THE REPORT. In submitting the accounts of receipts and expenditure for the year ending August 31, 1900, it is satisfactory to again repoit the continued prosperity of the Club. The stakes paid during the past season show an increase of abo.t £lOOO over the previous year, and notwithstanding the unfavourable weather which prevailed at the Autumn and Steeplechase Meetings, the results for the past twelve months must be considered satisfactory. The increased accommodation for the public, which, as mentioned in last year’s report, was urgently required, has to a large extent been provided, and has no doubt been appreciated by the Club’s patrons, and it is hoped that the incoming stewards may see their way to further add to the equipment of the racecourse. All the improvements effected during the past year have been carried out under the supervision of the Club’s caretaker, Mr E. O. White, and the stewards desire to record their satisfaction at the manner in which he has performed his

duties, more especially with regard to the new tea kiosk, which was erected entirely from Mr White’s own designs. The stewards have also to convey their thanks to Mr James Lockie, who at their request kindly inspected the several buildings while in course of construction. He reported at intervals in highly favourable terms of the satisfactory nature of the works. The expenditure required for the various improvements having exceeded the funds to the Club’s credit. The additional amount has been obtained, partly by cash advances by four stewards (£lOO each), and the balance by way of overdraft from the Club’s bankers, for which stewards have given their personal guarantee. The stewards have, as customary, issued the programme of the Spring Meeting, and now recommend that the Su nmer Meeting, 1901, be extended to a three-days’ gathering, and that the principal event on the additional day be known as the Port Nicholson Handicap, of 300 sovs, distance one mile. The present stewards are also of opinion that in future the stakes should be paid in full instead of less five per cent., as has been customary in the past. The training tracks are now receiving attention at the hands of the caretaker, who has also been instructed to proceed with the completion of the new grass gallop, and as these works are of an urgent nature, the stewards have every confidence in recommending them to the favurable consi eration of their successors. BALANCE-SHEET. STATEMENT OF RECEIPTS AND EXPENDITURE FROM SEPTEMBER 1, 1899, to AUGUST 31, 1900. Receipts.

GEO. H. HARBROE, Hon Treas. H. M. LYON, Sec. Above statement of receipts and expenditure for the year ending August 31,1900, has been audited by us and found correct. D. T. STUART, F.1.A., N.Z. ) Auditors E. BUCHOLZ Wellington, September 7, 1900. STATEMENT OF ESTIMATED ASSETS AND LIABILITIES, AUGUST 31, 1900. Assets

GEO. H. HARBROE, Hon Treas. H. M. LYON, Sec. Wellington, September 7, 1900.

£ s d £ s d Balance from last year 1149 19 4 Entries —1898-99 47 0 0 1899-19j0 2710 10 0 —— 2757 10 0 Forfeits on future events 7 0 0 Privileges 810 16 0 Lawn and gates 1478 5 0 Admission per railway 550 1 Totalisator receipts 8627 4 0 Less State tax 1237 2 10 7390 1 2 Less cost of working and ex6 • penses 911 9 2 .... 6478 12 0 Members’ subscriptions 225 15 8 Members’ entrance lees 28 7 0 — 254 2 0 Interest account 18 13 6 Miscellaneous receipts 7 7 0 Loan account .. 400 0 0 Balance, overdraft at Bank of Australasia ... 764 14 6 £14677 0 4 Expenditure. £ s d £ s d Stakes 9709 0 0 Less Cup previously purchased 95 0 0 9614 0 0 Salaries— Secretary 250 0 0 Caretaker 120 0 0 Caretaker’s assistant 75 0 0 0 Rates 26 18 3 Rent of office ... 30 0 0 Clerical assistance and wages race days 55 7 6 Improvements, buildings, maintenance, repairs, and plant at racecourse.. ... 2913 13 7 Furniture, luncheon and tea rooms 87 18 11 Suspense account (dishonoured cheque) 9 0 0 Section at Randwick, Lower Hutt 25 0 0 Luncheon and tea room plant ... 342 15 9 Handicappers— J. O. Evett 200 0 0 J. E. Henrys 40 0 0 ■1— 240 0 0 Starter 119 10 0 Clerk of the course 16 16 0 Adver: ising, printing, and stationery 286 2 0 Starting machines 42 5 0 Auditors’ fees 10 10 0 Bands and expanses ... 50 0 Horse feed ... 20 4 10 Insurances ... 50 13 2 Police expenses 24 11 6 Private detectives 49 7 0 Attendance—Ladies’ rooms 17 8 0 Contribution to N.Z. Racing Conference 10 0 0 Entertainment of distinguished guests at various race meetings 56 10 0 Travelling expenses — Secretary and caretaker 10 13 0 Subscription to the '• Coyle Fund” 5 o 0 Subsidy to N.Z. Turf Register and copies of ditto 10 10 0 Legal expenses 5 18 4 General expenses, including cab hire, cartage, railway fares, exchanges, telegrams, postages, telephone, office c'eaning and petties 100 14 6 £14677 0 4

£ s d Outstanding entries .. ... . Freehold sections, White’s Line and Band84 0 0 ■wick, Lower Hutt 100 0 0 Office furniture 55 0 0 Furniture in racecourse buildings Racecourse implements and general plant 200 0 0 and horse ... 200 0 0 Luncheon and tea room plant Value of buildings on the racecourse (cost, 350 0 0 say) 5000 0 0 Liabilities. £5989 0 0 Forfeits on future events — Contingent liabil- £ s d ity 7 0 0 Sundry creditors 471 18 0 Loan account ... 400 0 0 Bank of Australasia, overdraft 764 14 6 £1643 12 6