SPORTING.

Gisborne Times, Volume XXIII, Issue 1805, 11 July 1906, Page 2

SPORTING.

B*Ul.gratf>. Pr»sa A*s’a, Copyright Received 10.22 a.m., July xo/ ™ Caufid’Cup" There®' 1 doing on the Steeplechase *r!f .k us ‘ n ? ss « Beilis and Gene ,),, f ° St I,KJui U' to one and the lattcrXSj^S**

POVERTY BAY TURF CLUB. annual meeting. A RECORD year.

Sixteen members attended the , I meetipg of the Poverty Bay Jn. ™* 1 yesterday, Mr J, W. Nolso, pit? being in the chair. . -ealden*, The minutes of the previous having been read aud adopted, Mr r iff Nolan submitted the following r ßpo i. ’:i •‘ln placing before you the report of ihl proceedings of the Club for tho year end 15th June, 1906, your committee again to oongratulate itself and the Glut on the succors attained during the nast yoar. A perusal of the balance-sheet presented herewith will show that she profits on tbo year’s working total a B nm of JE1197 17s 6d, which is a very S increase on the profits for the previous year. The attendances at the meetings '. :iag the past season have increased to] b I* * * xti-ut as to satisfy the mosF obi i '-oi; tha' the accommodation 5 i e i.,: . i i;c-- at tb<- disposal of tfcoj i ih ■ . it :■ uI k - ei.ffi-.iam to mett, i quin • ><>nv mmittio alter? . .cilia T '--l asti«iil-rh*.i--n diemi-d i .i*i ! i" *•"> 'ecu use- the .icaaujoduiion' : -nd fc 'h - n l cie C 'nc i *.: tu contract) ; ! rit ci-.-’i 'L* <■"&■ i* tin* graudstaod, I o PCtK-g a -t w-aid- - i.n.3, weighing, j .-k y\ »’•'* s* -»! *ary V rooms, a new i t 1 »< r b U * . h 1-V Clin gof the lawn n i - ud • g p>"dccu, ai d tnoiosing the mxi* wi*.h aeo' UgatHd iron fence. The oust, of ihe-o improvi mtnis will amoonl to som. thing over £3OOO, the funds lot 1 which were obtained from the Union Bank I of Australia, Limiled, on the security of < ' the Club’s property, accompanied by tha I personal guarantees of Borne members j| t your committee. When these additions i i are completed ycur Club will have snoj. 3 to-date and convenient course, sad

appointments capsb'e of oarryiug on the Club’s operations for eome years to oonw, Owing to the fact that our late Secretary, i without any warning, left the d strict, if was found neoessary to appoint Mr D. E.: DeCosta in his place, who on taking over, tho books, found them in a state of chaw, 1 and a number of vouchers and other dccu.■ moots missing. A suspense account by been opening pending further ecquiriesin connection with various missing account!.': cheques, and vouchers*. The thanks of the 1 Club are due to the following gentlemen;; Messrs L. T. Symee, hon. treasurer; Ken. nedy and Parker, auditors ; J. Oolebourne, : clerk of scales; and tha retiriog commit. • tee, The members of the committee, wha retire by rotation, are Messrs A. F. Ken--1 nedy, J. Maynard, and R. Sberratt, who 1 are also eligible for re-election. j~ ; | The following balanoe-sheet was'submitted:— Asaets. —Improvement, £2053 14s 4dj ! property, £4O ; property purchase, £2849 7a 3d; auEp3nsp,£3B3 15s; rent, £l4 c ; i 6d; total £5346 Os Id. LiabiLtus,E Union Bank, £1903 11s .23; uopie* sented ohequss, £54 8s 6d—£195719s Bi| : capital, £2OBB 12s 7d ; sundry creditor!, £lOl 10s 4d; balance profit for jew £1197 17s 6d; total. £5346 Os Id. Profit and Loss. —To general expenses, L344j| insurance, L 4 11b 9d; interest, L7l 9s9Jj offioe rent, L 10; petty oasb, L 4; repair!, L 8 10s 6d ; rent, L 27 10s; salaries,' Ll2i * 12s 6d ; rates, L 5 19< 93 ; balance, Lll97 f 17s 63 ; total, L 1489 15s 93. By spring meeting, net profit, L 648 4s 6d ; subscript tions, 52 members at L 3 3s, L 163 16a J summer mealing, net profit, L 609 la 9d; t rent, L 56 13s 6d ; training fees, Ll2; 3 total, L 1489 15s 93. ' -I 1 In moving the adoption of the repoii - ami balance-sheet, the Chairman stated 3 he did so' with great pleasure, as thd 1 profits had been more than doubled. At 3 the accommodation was altogether Jn-: adequate extra accommodation was being provided, bringing the buildings quite up to date. The effect of all this would bo very beneficial, and would be much appreciated by visitors and members of the club. For some time lie had felt that the members aud subscribers of the club did no| receive any more benefits than the ordii nary person who visited the races. There i 1 bad been an unpleasant incident during] 1 ihe year in the secretary leaving the' district without warning.' In this connection the suspense account had been: dele-led to the extent of £:>S 15s Od but' ne did not lor a aniim nl t.iy ibis amount i wus in L i uni. Kvcrvihiiig rliat they 1 mu! in.en ao’i* io clear up had been put : into lint! account, pc-Jidiug the fullest and i mo.-t a ecu rate enquiry. Those who bad ; anything to do with the books would know that a large amount of the £3BB had been accounted for, but the committee had thought they were taking the safest course in placing the amount of the bus. pause account as it appeared in the balance sheet. Every doubtful item had’ 1 been placed to that account until tkij whole business had been cleared up. In: view of the prosperous year which the: Club had experienced lie had pleasure d moving the adoption of the report Mr J. A. Harding seconded the adoption of the report.

The election of officers was then proceefied wfth. ' • In proposing the nomination of Me J. W. Nolan, Mr Cyril White said:—“As the oldest member on the committee at the present time, I cannot go far wrong in proposing that you be again nominated for the position. You have seen'the' Club piirtly through the important departure Which they have taken and it is our request you should complete if.” 1 ” Mr R. Sheirait eeoonfisd tfig resolution, wbioh was carried amidst applause, . Mr J - P, iark was unanimously elected viOB-president. ■ v 4

Messis A. F. Kennedy, J. Maynard, and Rr bherratt were re-elected membeis of committee. a

i j Rowing new members were elected Dt Collins, Messrs W. Lissant Clayton, H. White, R. Oolebrock, Fenwick, and J. R. Murphy, On the motion of Mr Julius Caesar, it was deoided to have the list of members printed acd posted up in the olub rooms [ in town, and bl*o at tho racecourse. Symes was re-eleoted treasurer and Messrs A F. Kennedy and F. Parker were appointed auditors. Mr W. 0. Skeet was re elected totaliseor steward, and the other cffice-s were re-eketed,

At a meeting of the committee after tbo annual meeting a number of matters of interest to the club were disoussed, If was decided to put in a silent maohine for the next meeting, and to grant the present e 8 toiaiisator privileges a cx!ons ' on for three years, provided that the olub duriog any period within that term tajie oydr the new l 'madhind at a prica to be mutually agreed upon. 1