IMPROVING THE TOTE
MORE DETAILS FOR INVESTORS. An important improvement- has been made in the Julius totalisator, and a working model, which was shown in Sydney recently, attracted a lot of attention. Sir 0. A. Julius, the inventor of the machine, described the new idea, briefly in a letter to a friend in Christchurch. “1 have just brought out a new patent in connection with the totalisator,” he wrote, “which, instead of showing the grand total and the investments on a horse to the public, shows them at all instants the actual money that they will receive as a dividend should the horse that they back be placed first, second or third. The machine allows for the Government tax, and also divides up the balance in whatever rate is required for place betting, and then at all instants divides the further results by the number of the horse. . The machine can quite easily he read to the nearest shilling for all dividends between £1 and £lO, and race people who have seen it in Sydney consider that it is very much better than the old numb- r system.”
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Hokitika Guardian, 30 April 1929, Page 6
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188IMPROVING THE TOTE Hokitika Guardian, 30 April 1929, Page 6
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