GREYMOUTH J.C.

Grey River Argus, 22 September 1937, Page 3

GREYMOUTH J.C.

ANNUAL RFPORT. The following annual report and statement of accounts will be- presented at the annual meeting of the Greymouth Jockey Club, to be held on October 1:—

Your Committee has pleasure in presenting the annual report and statement of accounts for the year ended June 30, 1937, and in doing so congratulates the Club on a very successful year both from a racing and financial point of view. Three race meetings were held during the year, and notwithstanding adverse weather conditions, particularly at midsummer, when a postponement was rendered necessary, a profit was shown from each meeting, the nett profit for the year amounting to £572 ss. The farming operations were again successful, and contributed considerably to the satisfactory financial result. Grandstand: Satisfactory financial arrangements enabled the Committee to complete the grandstand to replace the one destroyed by fire in 1932. The total cost of the new stand was £3,361 4s 3d, but seating accommodation has yet to be provided. The New Zealand Racing Conte;- ‘ ence has again granted the Club ah extra day’s permit for June, 1938, and judging by the success that attended the last Winter meeting, the Club should again benefit financially by the extra day’s racing. Your Committee desires to place on record its sincere regret at the demise of Mr. H. Kim Williams, who for many years was a steward of the Club,'and whose passing will be keenly felt by the Club and the district generally. Balance sheet for the year ended June 30, 1937: — Liabilities: General Loan Account and Accrued Interest £1,283 6s 6d; ißank of New Zealand £1,160 13s lOd; Sundry Creditors £194 18s; Accumulated Fund £2,706 8s 7d; Total £5,345 6s lid. Assets: Buildings and Improvements £4,194 3s 4d; Plant £l2O 11s; Live Stock £500; Sundry debtors £529 2s 7d;' Cash on hand £1 10s; total £5,345 6s.lid. Profit and Loss Account: —

To salaries and wages £491 6s 4d: Interest £6O 11s; Printing Advertising and Stationery £ll6 6s sd; Course Officials £249 17s 2d; Stakes £3,148; Rents, Rates and Insurance £6O 7s 9d; General Expenditure £702 17s 8d; Government Taxes: —Totalisator £1,225 18s lOd; Dividend £1,340; Stakes £3l 6s 7d; Amusement £lOB 11s 9d; Less: Recovered from owners £3l 12s 3d; Government rebate £500; Balance £572 ss; Total £7,575 16s 3d. By Gates £BB3 2s; Booths, nett £227 7s 3d; aßce cards, nett £166 5s 11; Refreshment stall £6; Nominations and acceptances £827 7s sd; Stabling £22 13s 7d; Totalisator revenue £4,869 19s 7d; Track fees £l6 10s; Members’ subscriptions £135 9s; Live stock account £421 Is 6d; Total £7,575 16s 3d.