TIPSTER FINED

Hokitika Guardian, 29 March 1928, Page 2

TIPSTER FINED

CIRCULAR SUPPLIES PKOOI'

(By Telegraph—Per Press Association

AUCKLAND, March 28

“Many years ago it was found necessary to protect credulous people from tipsters and sharpers, and this case differs from others of the same class only in that the fee is about ten times more than the usual tipster asks,’’ said Air F. T\. Hunt, S.M., in the Police Court, in imposing a fine of £25 upon JCdwin Wiilerson Warren, charged with being the sender of a circular to (1. A. Haines, with intent to induce him to apply for advice lor the purpose of wagering on a horse race.

Jn a written judgment, the Magistrate said the circular bore the title of “The New Zealand Reinvestment Company for the elimination method of scientific totalisator speculation.” The method was described as the production of a master mind, and was characterised as the greatest racing .discovery of all time. The average of success was stated to he “more stable than the law of averages.” It was stated that hackers who had used the system had received 40 per cent on their investments, while one investor with £3O capital, betting in amounts of £lO at all meetings over a certain period, would have shown n profit of £•>000 or a return of i3O per cent on the” original outlay. The price of the method was £lO 10s. Counsel, said the Magistrate, had laid stress on the point that the accused did not advise illegal lotting with bookmakers, hut only investment on the totalisator. It was. however, wrong to send a circular offering tc give advice on a horse race, whether a bet was to he made with a bookmaker or on the machine. Mr Hunt continued: “I am mentioning this point because it is clear the purchaser of information could not be present at all the race meetings set out in -the postscript to the circular. for certainly two or three would be held on the same day.” The Magistrate added : “The purchaser would therefore have to use a bookmaker, or have an agent in the town to out his money on the machine. Both of these methods are dlecral It is surprising to note tha this man should not operate Ins own scheme and turn £3O into £2200. as his first circular saysis easier to get £lO 10s from -CO “Tt«”ofS'whl. £3 13s costs, ™ "sSm'itr lot appeal was t~l at £lO 10s.