GOLD TING IN BOOM.

Auckland Star, Volume LIX, Issue 237, 6 October 1928, Page 16

GOLD TING IN BOOM.

NOT FOR SALE AT 4000GS. (By' Telegraph—Special to "Star.") ■ DUNEDIN, tliis day. Gold Tinge is not for sale. His Dune din owner, Mr. G. J. Barton, has refused to place a price on tlae Paper MoneyVicereine colt. After his overwhelming defeat of the. Australian two-year-olds at Randwick on Monday, Gold Tinge's value as a racing proposition jumped, and it was expected that wealthy Australians would ue keen on purchasing the Breeders' Plate winner.

Already this spring a number of New Zealand performers have changed hands after ; being sent to Australia to compete.. Yesterday, Mr." Barton received a cablegram from Australia, asking him to name a price at which. .Gold Tinge was for sale.

The. cablegram stated that if the colt were for sale for 4000gs, a buyer would be found. "Not for sale," was Mr. Barton's reply.

Cabinet's decision to revert to the method of-calculating totalisator dividends on the basis of 60 per cent for first and 20 per cent each for second and third,: has met with the appreciation of officials of Sydney racing. clubs (says '"•Poseidon"). Asked to • express an opinion on the change to the former system, Mr. C. W. Cropper, secretary of the Australin Jockey Club, said: "Our ideas oh the matter were expressed -in our last annual report." The clause in thereport relating to methods of totalisator distribution reads as follows: — "The committee is concerned at -the large decrease in the totalisator turn-over-and the corresponding loss of revenue to the club. As mentioned last year, the Government framed new regu lations with regard to the method ot calculating dividends. . Prior toi the club's spring meeting, it was decided to cancel the rule providing that investors on -placed horses received at least 'their stake' back by way of dividend, rule i allocating the proportion of the amount divisable among the placed horses was not altered. It is not contended that the proportion of dividends as at present provided is wholly. responsible for the falling off in the totalisator investments as shown above, but the committee and committees of metropolitan and country clubs are of opinion that the present system is unpopular and" id a'contributing factor."-