THE WINDING-UP.

Dominion, Volume 4, Issue 1201, 9 August 1911, Page 8

THE WINDING-UP.

■ -4 —: CORONATION EXHIBITION. ritOVISIONAL RETUKXS. A provisional statement of thp financial results of the Coronation Exhibition was submittcil to tho AVellinjlou Industrial Association last evening. Mr. T. Ballinger presided. The estimated statement of a».-ot.- and liabilities of the Exhibition, iis at. August ">, wos as follow:—Liabilities—Due on Mirain.ir machines, laughing gallery, etc., .£l7 18?. Id.; sundry creditor-.-, £M\ L l .-.; llepple Fund, ,E3 !)s. (id.; total, .E.Ui !).*. 7d.

Assets—Cash in bank :iv.<l on deposit, ■tiniß 19.--. Id.; sundry debtors, 4:8 l>. Hd. ; outstanding entrance I'eos, ,SU Ms.; total, ,£lf>3l 14s. lil. A credit balance existed, therefore, of .£1298 Is. fid. The secretary f-aid that there were still asa'ts unsold in tho wav of fixtures, etc.

The chairman made n number of comparisons with the Exhibition of IS9". Tho difference in periods of duration, in .favour of the former, was referred to, and it was pointed out that the 1897 Exhibition was held in summer, and received all the benefits of tho cheap excursion fares; whereas the recent Exhibition was held in the winter. The total receipts in 1897 were .£9856, and this year c£Gll2, though there were ■ other sums yet to bo added to tho latter amount. Tho surplus in 1897 was £Kid, and in 1911 .£12% (with other returns to come in). -Mr. Ballinger added that the association could, on the whole, congratulate themselves on the results. He had thought they would havo made a little mors than they had, but they had not anticipated paying so much for" various things that h3d been used. Practically no reductions had been made in anything; full rates had been asked for. lie faid that 80,Mfi adults had paid Is. for admission, 18,084 children had bsc-n admitted, 61,818 had passed through the turnstiles (season ticket?); and 3502 school children had been passed through the gates. The total number admitted was 161,020.

It was decided to writ-? to Mr. A. Mar-ry-alt, who had been chairman of tho Schools' Committee, thanking him for the excellent work he had done. It was also decided to elect him a life member of the. association.

It was decided to leave over the consideration of the disposal of the proceeds and all applications for bonuses and grants until tho final balance-sheet was submitted. ~.■■■ "There is.one thing I must not forget to mention," said tho chairman, "and that, is the grc.it courtesy we received from tho Harbour Board and its employees. It did not matter what they were asked to do, if it.'was in their power it was done— whether it was a high official or a small one." (Applause.) In the course of a report, the chairman of the Exhibition Advertising Committee said that the thanks of the. committee were duo to tho press of. 'Wellington for tho space they had dexotid to Exhibition matter, and tho assistance that they had given in furthering its success.