FOXTON RACING CLUB.

Manawatu Herald, Volume XLI, Issue 2021, 28 August 1919, Page 3

FOXTON RACING CLUB.

ANNUAL REPORT. The following is the annual report to be submitted at The annual general meeting to' be held in the Council Chambers to-nigftt, at 8 o’clock: — The Committee have again the pleasure of presenting the annual statement of accounts for the year ending July 31st, 1919, for consideration of members, and in so doing have much pleasure in recording a very successful year. The stakes given by the Club were £1,625, an increase of £350 on last year’s figures. The year commenced with a credit balance of £SBB 9s sd, and closed with a credit of £262 15s Bd, which, in view of the fact that improvements amounting to £429 3s 3d have been carried out, is entirely satisfactory. Improvements have been carried out by the removal to the land purchased from the Borough Council of the totalisator house, an additional 30ft. being added thereto in order to provide for the increased attendance which has taken place latterly. The outside publican’s and refreshment booths have also been moved further back, which will allow for much needed additional space for the lawn and outside patrons. The Grandstand will also have been moved further back before the next race meeting. The straight of the course proper has been ploughed up and sown down. It was found necessary to do this, owing to the turf being in poor condition. There has been a good take of the grasses sown, and by the time January rolls round the course promises to be in first-class condition for racing on. The course, grounds, and tracks are in excellent order,' and reflect credit on the caretaker. The Committee- have to thank all officials for their efforts in bringing the Club still further ahead in its position. Nominations for the various offices have been received as follows: —President, Mr J. R, Whyte; vice-presidents, Messrs W. E. Barber, C. Robinson, 0. Robinson, F. S. Easton; auditor, Mr .Fred. Symes; treasurer, Mr F. S. Easton; stewards, Messrs J. V. Burr, R. Bryant, G. Coley, H. Coley, L. R. Freeman, H. G. Hammond, Hr. C. L. Maudl, W. Jewell, and 11. S. Tbynne. As the nominations do not exceed the vacancies, an election will not be necessary.”

The balance-sheet discloses a very satisfactory position. The year started with a credit balance of £6Ol 16s Id, and the receipts totalledi'3,97s 3s 9d, making a grand .total of £4,576 19s lOd. The main receipts were: Totalizator,and stakes tax £2,884 7s Od, nominations and acceptances £4Ol, gates £333 4s 9d, race cards £142 10s od,.members’ subscriptions £B9 15s 6d, rent of cottage and boxes £56 13s Od, and publican’s booth £4O. The'total expenditure was £4,314 4s 2d, leaving a credit balance at the Bank at the end of the year of £202 15s Sd. The chief items of expenditure were; —Stakes £1,625, totalizator lax £648 7s Id, Government dividend duty £571 17s Od, cost of improvements £550 5s 9d, printing and advertising £ll3 13s lOd, caretaker £ll3, maintenance and repairs £lO4 9s 9d, sundry labour and wages £9B 10s 6d, rates, taxes and lire insurance £97 19s sd, donations £76 4s 6d, secretary £75, general expenses £6O 4s sd, and racing levies £3l 2s 2d. The actual proiit on the year’s working was £2ll 5s 4d, and of this amount the sum of £207 17s 6d has been written off the Club’s plant and buildings.