TROTTING Conference Loss Of £5749

Press, Volume CVI, Issue 31109, 12 July 1966, Page 5

TROTTING Conference Loss Of £5749

A loss of £5749 is shown in the accounts to be presented by the honorary treasurer (Mr C. E. Hoy, of Christchurch) to the annual meeting of the Trotting Conference in Auckland today.

Last year the conference accounts showed a loss of £835. As a result of the losses clubs can expect an increase in levies in the next 12 months.

Many items of expenditure showed increases during the year, one of the largest for stipendiary stewards’ salaries, fees and expenses, which amounted to £14,413 (£11,837). Office salaries and audit fees amounted to £7422 (£7124). The increase would have been greater had not some wages been included in the stud book account, a new section in the accounts.

Handicappers’ salaries and expenses rose to £3015 (£2917), and the racecourse inspectors’ levy rose to £4639 (£3879). Travelling expenses did not increase as much as expected, totalling £3860 (£3668). General expenses showed a small drop, reaching £2958 (£3203). Swabbing expenses increased to £2918 (£2356). Inquiry costs totalled £961 (£336), and appeal costs amounted to £ll5 (£42). Levies on clubs showed a slight decline, amounting to £32,337 (£32,613). This pro. vided the conference with most of its income.

Fines imposed during the year amounted to £1449 (£1208), and interest on investments amounted to £1441 (£1117). Licence fees produced £llB6 (£1300), and the registration of horses £1154 (£1158). The accumulated funds of the conference now stand at £22,226, and the building reserve amounts to £8784. £5lO In Fines Fines outstanding are shown at £5lO (£351), and loan accounts for staff cars are shown at £lBOl. This item appears in the accounts for the first time. Grants paid by the provident fund amounted to £523, £2 less than for the previous year. This account showed a profit of £9. A total of £10,407 remains in the fund. The sulky fund showed a

loss of £122, compared with a profit of £636 last year. Claims amounted to £2566 (£1964). Contributions amounted to £2681 (£2785). The fund has a loan of £475 from the conference.

The stud book account appears for the first time. It shows a profit of £2Ol after paying £6263 for the publication of Volume 17 of the New Zealand Trotting Stud Book. Salaries and wages totalling £1162 have been charged against this account, printing and stationery cost £4ll, gene-

ral expenses were £217, and proportion of expenses of the conference amounted to £l5O. Direct sales and sales at discounted rates of 932 of the 1250 copies of Volume 17 realised £5592. Stud fees amounted to £4892, but £2910 of this was applied in part payment of the sales at discounted rates. Fines of £125 were imposed for late service certificates. Stud fees of £3264 have been received for the admission of mares and foals to Volume 18.