GISBORNE RACING CLUB.

Gisborne Times, Volume XIX, Issue 1560, 16 September 1905, Page 3

GISBORNE RACING CLUB.

ANNUAL MEETING.

The annual mooting of tho Gisborne Racing Club was hold at tho Gisborne Hotel lost ovonlng, Mr D. Hopburn prosiding. Thoro was a roprosoulativo attendanoe of mombors. The treasurer's roporl, whioh was submitted by Mr G. Malthcvvson, was as follows : '• In presenting my sixteenth annual report and balanoe-shoot I am pleated to bo able to congratulate members upon the thoroughly sound finanoial position of the olub. Our bank balance at tho beginning of this year stood at L 6 8s Id.. Tho veaoipts for tho year wore L 8035, including Ll5O received from tho Park Company in part payment of their loani and tho expenditure L 2619 Os 9d, including L2OO paid in purchasing additional Park Company shares, resulting in a oredit balance of L 422 7s 4d. There still stands at fixed deposit LSOO, there is owing by the Park Company Ll5O, and we hold 525 shares in the Park Company, representing L 525, ‘ which; together with other items, bring our assets up to L 1683 12s lOd, as shown in the balance-sheet. The stakes havo again been increased, and now stand at LIB3O for tho past seasou. lam pleased to state that our revenue from nearly all souroes has increased considerably, thus showing the sustained popularity of tho olub. The olub’s membership, notwithstanding that a few members have left the district, still stands at 66. The amount outstanding from owners and members may appear somewhat large, but it must bo borne in mind that this is due to our late meeting taking plaoe so oloso to tho end of the finanoial year; but it is not expected that there will be any difficulty in oolleoting the amount.” The following report was reooivod from the committee Tho oommittee of tho Gisborno Racing Club have pleasure in presenting its sistaonth annual report, upon whioh they congratulate the members. The balanoo-sheet presented by our treasurer is highly satisfactory, disclosing as it does a most successful year. It is gratifying to know that the efforts made to make our meetings in every way successful, both financially and from a raoing point of view, were orowned with marked success. The importance of our meetings is being recognised in a greater degree than before, as shown by the large attendance of outside patrons. Tbe presence of their borses undoubtedly contributed much to the good raoing that was witnessed. An important matter cams before yonr oommittee for consideration, viz., an offer from the Poverty Bay Park Company to dispose of their property to the olub at what your committee thought to bo a satisfactory figure. They decided to call a meeting of the members to consider the offer, and alter due discussion it was unanimously resolved to accept It. The transfer of the property to the club will be made as soon as it can be legally effected. The committee takes this opportunity of thanking Dr Chas, F, Scott and other gentlemen for their valuable services rendered during the past season. The retiring members of the committee, in accordance with rule 9, are Messrs 0. White, W. H. Tuoker, R. Harper, W. Gault, J. H. Martin, and G. R, Wyllie, all of whom are eligible for re-election.” The Chairman moved the adoption of the reports, which was seconded by Mr Cyril White and carried unanimously. There were ten nominations for tho six vaoanoies on the oommittee and the, following gentlemen were eleoted: —Messrs J. H. Martin, F. Hall, A. F. Kennedy, Harding, Sisterton, and Capt. Tucker, The report of tho committee appointed to make finanoial arrangements for the acquisition of the Park property was read and unanimously adopted. A lengthy disoussion took place in regard to the deoision of the Hawke’s Bay Metropolitan Club in refusing to grant a license to S. Malono. It was pointed out that the stewards of the Gisborne Racing Olub had held an exhaustive enquiry in regard to tho alleged foul riding on the part of Malone, and had completely exonerated him from blame. Several members thought the Poverty Bay Turf Club was tho proper body to move in the matter, as they had sent forward Malone’s application for a license.

The following resolution was unanimously adopted: “ That this club write to the Hawke’s Bay Metropolitan Club stating that they had been informed that Malone's application for a jockey’s license had been refused and that they should be informed of the reason why it had been declined.” The proceedings terminated at ten o'clock, the election of offioers for the ensuing year and other committee business being postponed..