DEPUTATION

Hokitika Guardian, 30 September 1931, Page 6

DEPUTATION

RACING AND TROTTING CLUBS. WAIT ON FINANCE MINISTER. 'liy Telegraph—Per Press A ssociation f WELLINGTON, September 30. ; A deputation from New Zealand Rac-> ing Conference and New Zealand Trot, ting Conference waited on the Minister; of Finance, Hon. Downie Stewart, asking for some measure of relief from the present taxation. In a statement submitted for the! Minister’s consideration which was released for publication) it was shown that of ninety Racing Clubs aild thirtytwo Trotting Clubs, only eighteen Racing Clubs, and six Trotting Clubs showed a profit. The losses for seventy-two Racing Clubs (£5,682 17s 7d) and twenty-six Trotting Clubs (£17,445 Is 8d) totalled £75,627 19s 3d. ' : The total profits'’ 3 of; eighteenracing clubs (£IO6B 7s 6d), being £5052 14s lOd. ‘These figures were for the period from Ist of August 1930 to 31st July 1931. During tits 'period the Treasury received ill 'revenue 'from “the totalisator arid bther 'sources £521,013 sterling; '

' Unless some measure of relief is ‘granted' Cfilfis "ill be com pel lilt fo abandon pace m'eMngs altogether. The failure by tlie Government to grant relief at this critical period must lead to serious consequences. The depntat ion was a . private .one, but the Minister intimated later that he would give the matter consideration, *