POVERTY BAY TURF CLUB.

Gisborne Times, Volume VI, Issue 158, 16 July 1901, Page 3

POVERTY BAY TURF CLUB.

ANNUAL MEETING. I Tjii-: annual mooting of the Turf Club was I held yesterday afternoon, at the Masonic Hotel. Among those present wero : Messrs J. W. Nolan (President), J. Caesar, L. T. Syrnes (Treasurer), Cyril White, R. Sherratt, A. L. Bellerby, J. Clark, F. S. : Des Barres, J. Maynard, J. Martin, W. . Currie, Acland Hood, Harding, Barry, . and J. 11. Aislabie (Secretary). < The report was read by the Seerotary, 1 and the balance-sheet was presented by 1 tho Treasurer. The report was as follows : f “ The accompanying balance - sheet, 1 which is laid on tho table with this re- G

port, ought to fully justify your committee in again congratulating the Club on tile success of the past season’s racing. Tho revenue received amounted to 111915 15s 3d. and the expenditure to .£1839 19s; of this latter amount £lO4 Is 3d was

devoted to payipg oft' debentures, leavin tho financial position of the Club in very sound state. The spring and sun: iner meetings produced soino excellen racing, and the arrival of tho India: Troops, together with the prosenco of th lions. Scddon, Ward, and Carroll on th first day of the summer meeting caused ; bumper attendance to bo recorded. Th. reception of the guests was well arranger for by the stewards ; your distinguishei visitors apparently thoroughly enjov-j themselves, and in expressing the thank congratulated tho officials on th snioot! and successful management of tl A full account of tho expenditure ■■■ this head is shown in tho balance-sheet, Tho Committee bogs to tender its thanks to Mr A. F. Kennedy for gratuitously auditing the accounts, and Mr Symcs for acting as hon. treasurer. Messrs White Caesar, and Clark retire by rotation from tho Committee, but aro eligible for reelection.”

The bal ance-shect showed that the total receipts, including XIB os Id in the bank, were XI9G3 18s 4d. Tlio sum of Xlßl 15s (id was received in subscriptions. The Spring Hooting gave a revenue of X74G 17s 3d, as against an expenditure of XG36 10s 3d. The summer meeting yielded XlO-10 12s Gd, tho expenses being X 877 Its Id. In subscriptions, Xl3l los 6d was received. The general expenses amounted to X 149 15s 2d, and the annual charges to X 175 19s 3d. The total expenditure was X 1839 19s, the bank balance, less unpresented cheques, being X 123 19s -Id. Debentures, to tho amount of XlOl Is 3d, at 7 per cent., were outstanding ; there wore two other items amounting to X2 9s Gd, leaving the surplus of assets at X4BO 18s 7d. Tho general expenditure included XlO4 Is 3d paid for debentures. Tho President said : I have much pleasure in congratulating the Club on tho result of the year’s racing. It has practically amounted to a protit of XBOO on the year. A great part of the money lias been expended in paying off debentures, which now leaves tho Club in an absolutely clear position. There is a small balanco of debentures outstanding, but thero is more cash in hand than is sufficient to redeem tho outstanding debentures. Wo are, I think, to bo congratulated on tho new turn that racing has taken in the district, and on the way the totalisator receipts are increasing in regard to both Clubs. There is now a better outlookfor racing than has been the case for many years. The committee for last year worked well together. They had a great deal of extra and unforeseen work to attend to, such as the entertaining of tho Indian troops, and matters connected therewith. But everything went off satisfactorily. Taken, altogether, I have much pleasure in moving the adoption of the report and balance-sheet, and in congratulating the Club on the position of affairs. Hr Clark seconded the motion, which was carried unanimously.

On the motion of Mr Maynard, seconded by Mr Clark, Mr Nolan was unanimously re-elected President, very complimentary remarks being made on the way that gentleman had carried out the duties. On the motion of Mr White, seconded by Mr Acland Hood, Mr Clark was unanimously elected vice-president. For tho vacancies on the Committee, Messrs White and Caesar, tho outgoing officers, were unanimously re-elected. For tho other vacancy caused by Mr Clark's election as vice-president, Mr F. S. Des Barres was elected. The President said that Mr Aislabie, who had been Secretary of tho Club for a great many years, had been a good and faithful Secretary, and the least they could do was to elect him an honorary member. He proposed that the resignation be accepted with regret, and that Mr Aislabie be elected a life member. Mr Clark seconded the motion. He said that Mr Aislabie had been a very energetic Secretary, and although, as an owner of horses, he might have had differences with Mr Aislabie, he must acknowledge that that gentleman had been an excellent Secretary for the Club. He had pleasure in supporting the motion. Mr Harding also spoke in highly complimentary terms of the way in which Mr Aislabie had carried out tho duties of Secretary, and supported the motion, which was carried unanimously. Mr Aislabie returned thanks. He said he was sorry to give up the office, but he thought it would be for the benefit of the club to appoint a younger man. Mr Hood asked what the position was in regard to the lease of the course. The President said that there were three years to run yet. but he had been informed that the lease would not be renewed. Mr Hood thought that some steps should be taken in the matter. The President said that a recommendation could be made to the committee — it would be time enough to bring it- up at the next annual meeting. Mr Symes said that a new purchaser of the land might be prepared to make with them. Mr Clark said that he did not think there was any need for hurry in the matter; he thought they would be able to manage without any great difficulty. It was agreed that the committee should attend to the matter. The meeting terminated, and the committee then met.