CANTERBURY JOCKEY CLUB.

Press, Volume L, Issue 14980, 29 May 1914, Page 2

CANTERBURY JOCKEY CLUB.

ANNUAL MEETING.

Tlie annual meeting of the Canterbury Jockey Club was held yesterday afternoon. Mr C G. Dalgety presiding orer an attendance of some score of

members.

REPORT A2CD BALANCE-SHEET.

The following report and TsJancc-shect were presented:— The accompanying balance-ai&ct will indicate to members that the club's financial position is meet satisfactory. The stakes were increased by £3560, and additional taxation brought the expenditure up to £5000 xnore than the previous year, \>ut the revenue, especially from the totaliaator, "responded, with the result that the' club's liquid aaec-e are improved to the extent of about £5501 The requisite number having been nominated for the offices of stewards, committee, and honorary treasurer, no election is necessary. C. G. DaJgety, Chairman. STATEMENT OF RECEIPTS AND EXPENDITURE. RECEIPTS.

CHAIRMAN'S ADDRESS

The chairman, in his address, said he proposed briefly to review the happenings of the last twelve months with regard to the Canterbury Jockey Club. "The racing- in our district —he continued—during the eeason has been free, with one exception, from any cases that bring discredit to the sport, and I think has been more interesting than usn'al,- owing to the fact that no two or three-year-olds stand out as very much superior than others of the same age. It is a pleasing feature to notice the growing prosperity of all clubs in our district. The amount of. stakes given during the past season by our club amounted to £36,360, which gives ( an average of £454 10s for the eighty races that are run at our Meetings. I have included in the amount of stakes the sum.of £250 which we-have given to the breeder of the winner of the following races:—New Zealand Derby £100, New Zealand Oaks £50, Champagne Stakes £100—£250. "Your committee did this, hoping it would be an incentive to the breeding of thoroughbreds. "Wβ have now decided on a fixed scale for the division of the stake money amongst the placed horees, i.e., 70 per cent, to the. winner, 20 per cent to the second, and 10 per cent, to the third. The increase in stakes given during the season was £3560, and the Government tax is larger by £1229, but notwithstanding this, our financial position still continues to be most satisfactory. The attendance at our November Meeting on Cup Day does not perceptibly increase, although all the available accommodation in Christchurch is engaged. I tl""k this brings the fact before us that we cannot expect a much larger attendance of visitors at that Meeting, unless the accommodation in. the town is considerably increased. The attendance at our other Meetings has grown larger, as shown by the receipts, which are nearly £1100 more than last year. The Caster Meeting showed the largest increase. "The improvements carried but during the year, are:—Additions to outside open stand, and additions to outside (latrines. The new carriage drive has

considerably relieved the congestion of tiamc at tne main entrance and drive, and we are greatly-indebted to the trustees lor their generous contribution towards the cost of the same. Other improvemente have been:—Enlargement of the motor paddock, alterations at the tea kiosk on the island, a new grass training track, considerable painting, and renewing the sand and tan tracks with fresh material. "The programme for the Grand National Meeting has been passed for next season, in which the stakes have been increased by the cum of £770, the greater proportion of the increase going to the jumping events. We have now had the stipendiary stewards acting for over twelve months, and congratulations are due to them for tho work they have done, though nothing sensational has occurred since their appointment, which goes to prove vis Turf is not so black as it is painted by some people. Some occasions do arise when the proper procedure for stipendiary stewards at meetings of the judiciary stewards is in question, and the Conference might well bo more explicit as regards this. "I regret to have to record the fact that during the past twelve months the Club, through death, has lost nve members —Messrs Duncan Macfarlane, Walter Macfarlane, John Andrews, E C. Ashby, and George Hampton Rhodes, who, some years ago, was an owner of horses. Members will join mc in expressing our deepest sympathy with their relations and friends in their sad bereavements.

"With your permission I will take this opportunity to convey my 6incorest thanks to Mr William Buckley, who co kindly took, when the necessity arose to do so, the work of the supervision of the tracks at the racecourse off my shoulders, it being inadvisable for mc, placed in the position I was, to undertake the work. The tracks (racing and training) are in better order than ever before- and second to none in tho Dominion. May I also convey to the hoh. treasurer, stewards, and committee, my sincere thanks for their loyal support during my term as chairman of your Club. In Club'e congratulations are due to Mr Henrys, our handicapper. To Mr Wanklyn is due, to a large extent, the position this Club holds today, and ihere is no one who has the welfare of the Canterbury Jockey Club more at heart than be has. To the members of our staff (both indoors and out) I beg to tender our best thanks for their unfailing attention to their duties. I beg now to move the adoption of the report and balance sheet." REALISABLE ASSETS. Mr F. H. Pyne seconded the motion, and said he hoped members would consider the report arid balance-sheet were satisfactory. The financial position had improved during tho year to a satisfactory extent. This year their realisable assets amounted to about £35,C00. Ho noted that the "Referee" gave the Bgures as £56.000, but this included some £23,000 for buildings, but he did not think this sum could be credited as a realisable- asset. Ho believed it was correct to say they were above. £30,000. In his opinion they should keep a of £20,000, for no one knew what might happen. It was satisfactory to see, therefor©, that the committee had some ~it>,oou above that sum. He was very pleased with the report and balance-sheet. INTERESTING COMMENT. Mr G. l>. Greenwood complimented tho stewards and committee on their excellent management of tho difficult problem that occurred in November at strike time. It was just touch-and-go whether the races, aud chow could be held, and he, as a farmer and racing man, considered he owed a debt of gratitude to the committee for handling that position so well. If postponement had been agreed upon it would have taken years to recover. Mr Greenwood went on to say that he considered the C.J.C. was passing through a time of danger, owing to the growth? £ bf clubs end settlement in the North Island. Unless the premier club took every step to maintain its popularity its position would suffer. He specially mentioned the growing popularity of the Auckland Jockey Club. Another danger was the increasing popularity of trotting. Ho noticed that the Trotting Club' had raised'its stakes to £2500, and there was no question that the admirable management of the Trotting Association and the enormous improvements made to their grounds had naturally attracted many of their racing people. He hoped that the management of th 6 Canterbury Jockey €lub would see that it was necessary to make their meetings as popular as possible in order to meet these conditions. Ho hoped the committee would not take his remarks in any antagonistic spirit. It was his wish to see that the club continued to hold the premier position in New Zealand that it had held for so many years. The man in the street said it would bo an advantage if a. few more complimentary tickets were issued for the meeting. The autumn meeting was to him a certain disappointment, because only one North Island stable was represented. Hβ would have liked to have seen more stables and more horses there. Hβ thought it would be an advantage if a cup were added to the New Zealand Cup Race. If the committee would accept £100 towards a cup for the next season's race he would be only too pleased to contribute it. (Hear, hear). The chairman-said this offer would be considered, and the committee would do its best to carry on the sport in tho interests of the sport and country. The motion was unanimously carried.

HACK RACES. Mr Greenwood said further that he hoped the committee in re-arranging the programme would not lose sight of the smaller races. . Ho would like to see no race on the programme under £200 in value. ■

The chairman said that under the present rules they were not in a position to do this. In the hack races the sum could not be for more than £100 to go to the winner. Mr A. Boyle said there was really no reason why every first prize should not be £250. It was much better for a man to get his hack out of the hack class at one go. He had always held this, and felt it might be backed up. The chairman suggested that "Mr Greenwood's idea should be referred to the incoming committee as a recommendation.

This was agreed to. A vote of thanks was accented to the chair.

SUBSCRIPTIONS— £ e.d. ilenibtre •• •• »• !» M1 15 ° CWral - •• ~ 483 0 0 NOMINATIONS— Entries, eto. .. ,. 7,462 11 6 Future events .. •• 16 0 0 RACE RECEIPTS— Grand atamte, enclosures .. 12,4oO 15 0 C.J.C. KAIL WAY— Fares to course .. .. 342 6 8 Lees repairs .. .. ♦• 40 19 3 PRIVILEGES— Booths, etc 1,326 -5 0 Raco Cards 1,787 13 8 Totaiieator .. .. >• 35,093 2 1 Jjpllins races .. .. .. 112 10 0 Training feee .. .. -. 306 1 6 Gonersl fines and registration* * £37, le«e trophies £10 .. 27 0 0 Intereet account .. •• 1,116 10 7 Kent of reserve .. .. ., 270 15 3 £02,365 12 3 EXPENDITURE. £ e. d. Balance due to bank, 30th April, 1913 .. •• •• 870 4 5 Stakes .. • .. •- 36,260 0 0 Salaries . •• •• .•• 1,703 15 11 Attendance at meetings .. 2,035 0 11 Racecourse ma.ntenance .. 1,483 0 10 Advertising and printing .. 375 14 1 DONATIONS— Hunt Clubs, Racing , Conference, A. and P. Associations, etc. 040 2 2 PROPERTY ACCOUNTGOVERNMENT TAXES .. £9724 10 10 Rates, taxes, and insurance .. .45 19 5 Plant and office furniture .. 164 6 0 Rieervc account •• •• 395 14 i0 Rates, tasas, and insurance- .. 207 9 5 Improvements .• .- 3142 6 11 General expenses .. •■ 280 17 5 Deposits matured and invested 4,000 0 0 Sund.y creditors paid •. 66 3 0 Balance in bank .. .. 609 17 i £62,365 12 3 BALANCE-SHEET. LIABILITIES. £ b. d Forfeits, future events .. 26 0 0 Distressed Jockeye' Fund .. 291 7 8 Sundry creditor* .. .. 362 5 8 Stand eubscribere .. .. 2,400 0 0 Capital account . ... ■.. 53,545 8 4 . £66,625 1 8 ASSETS. ' Railway land .. •• •• 463 0 0 Grand stands, »tc. .. .. ■ 123,000 0 0 Furniture and plant .. .. 500 0 0 Water supply .. V. 600 0 0 Property account .» .. 6,500 0 0 Reserve account .- ■:.»• 4,000 0 0 Mortgagee account ., *. 20,700 0 0 Sundry debtors '• .. : ■ .. 350 4 7 Balance-in bank •.« .. 609 17 1 ' • £56,625 1 S PROFIT AND LOSS ACCOUNT, For eeaeon ending 30th April, 1914. " ' £ «. d. To slake* .. ... .. 86,360 0 » ,. Salariea .... ... .. .. 1,703 15 U „ \Race espenaee .. .. 2,095 9 11 „ Advertising and printing .. 375 14 V „ General expenses .. 280 17 5 Racecourse maintenance .. 1,483 0 'O „ Donations , ' .. .- 940 2 2 „ Government taxes • ■ .. 9,724 10 10 „ Eatee, taxee, end insurance 207 9 5 „ Plant and furniture accouat 164 6 0 ,, .Improvements account ... 3,142 6 IT „ Property account .< 45 19 5 Balance .. ... „. 6,636 5 10 £62,159 18 9 ' ' . . £ e. d. By subscriptions ., •.. 2,094 15 0 „ Nominations , .. ••• 7,523 10 0 „ Race receipts .. •.. 12,752 2 5 „ Privileges .. v „ ,. 3,114 3 6 „ Totalieator .. " .. 35,093 2 1 „ Selling laoas .. ', ... ; 112 10 0 „ Traiaingr feee .. . .. 306 1 6 „ Fines and registrations ... 27 0 0 „ Intereet account .. .. 1,136 14 3 1 . £62,159 18 9 C.J.C. TRAINEES' PROVIDENT ACCOUNT. . 30th April, 1914. £ s. 3. Balance, 30tlx April, 1913 ». 437 10 9 Interest on deposit .. .. 15 6 JO ' ■ £453 2.7 £ e. d. Ambulance Brigade .. >.. ■ -5 5 0 McGrath - .. •• ... . 26 0 0 Balance on deposit ;. 421 17 7 ■* • ' £453 2 7 OJ.C. JOCKEYS , PBOVTDENT FUND. 30th April, 1914. .■•■■• JB e.d. Balanc*, SOth April, 1913 ... 582 3 7 Jockeys' fince .. *. 31 10 0 Intereet .» -i «• 20 7 4 , £634 0 11 - . ' £ e. d. Ambulance Brigade ...'•'■.. 550 McGrath ..■ ' .. ■». 26 0 0 Nurses - .. .. " • » 19 ° Ambulance .. •• ..-12 # Balance on-depoeit .. 56114 4 £634 0 11