TOTALISATOR FIGURES.
During' the year ended March 31st, 1919, the sum of £5,732,479 10s wus passed through the totalise tor, and investors received hack in dividends £5,002,722 12s. The, difference —viz., £729,700 18s, was disposed of as follows: —The Government received £272,313 4s 3d, of which £143,311 19s 9d represented 21 per cent, (ax on the total investments, and £129,001 4s fid was the dividend-tax of fid in the pound. The clubs received the balance of the £729,700 18s—viz., £457,393 13s 9d —which is made up of £429)935 19s 3d, being 74 per cent, of the tolalisator turnover and £27,457 14s fid unpaid fractions. “I desire to calf your attention to the large sum the fractions amount to viz., £2 1 ,45 i 14s fid —equal to over £llO for each' day’s racing,” stales the Inspector of Totalisators in his annual report to the Department:' of Internal Affairs. “In my opinion clubs have no just claim tor such tractions, and they *should be paid into the Consolidated Fund and the money earmarked lor some good purpose.
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Manawatu Herald, Volume XLI, Issue 2040, 11 October 1919, Page 1
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176TOTALISATOR FIGURES. Manawatu Herald, Volume XLI, Issue 2040, 11 October 1919, Page 1
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