POVERTY BAY TURF CLUB.

New Zealand Illustrated Sporting & Dramatic Review, Issue 1576, 8 July 1920, Page 14

POVERTY BAY TURF CLUB.

The members of the Poverty Bay Turf Club will hold their annual general meeting to-day (Thursday) at Gisborne, when the following report and balance-sheet will be submitted by the committee: — During the year several repairs and improvements to the lawn and members’ stand have been carried out, one of the improvements being an extra staircase for the public, built to the top of the members’ stand. It is intended during the coming year to proceed with the erection of a new brick totalisator house, and also a new outside stand. The total amount paid in stakes during the year was £5600. the taxation on the club’s meetings being £4939 15s. lid. The report expresses the thanks of the committee to the various executive officers and to Mr. F. W. Nolan, hon. treasurer, for their services during the year. The three members of the committee who retired by rotation at the completion of the year are Messrs.

A. H. Wallis, J. Maynard, and A. R. Hine. These members are eligible for re-election. The balance-sheet for the past year, appended to the report, showed as follows: —Capital and liabilities: Capital, 30th June, £9524 Bs.; and profit 1918-19, £554 10s. 4d. —£10,078 18s. 4d.; profit and loss, £lOOl 14s. 4d.; total, £ll,OBO 12s. Bd. Assets: Freehold property, improvements, furniture and plant, £10,313 Ils. lid.; less depreciation £1370 19s. 1id.—£8942 125.; war loan investment, £1000; cash Union Bank Australia, Ltd., £640 18s. 2d.: outstanding cheques, £32 2s. —£608 16s. 2d.; building material. £3lO 10s. 6d.; sundry debtors, £2lB 145.; total. £ll,OBO 12s. Bd.

The club’s donations to charities and causes during the year was £250; the depreciation of buildings’ apparatus was estimated at £1370.