A ROMANCE IN FINANCE.

Pukekohe & Waiuku Times, Volume 8, Issue 487, 5 December 1919, Page 4

A ROMANCE IN FINANCE.

Sir,-—Manv of vonr renders km,,, l>v experience lli.il investments on flie totnlisator nre not very profitable. Inii possibly not many have thought out (lie subject as to tlie real result«. Government returns show that £5.732.-1 TO passer] through the totnlisator last venr. nnrl that investor? on the machine had received the colossal '-•inn of .£!">.002,71 2 in c.T-h dividends. Af first -lance it niiidif lie thought that the holiday spoiling pnbTic had taken over .f0.000.000 in their pockets 1" (he various mrecourses. T?nt thi« w :i; not so, for T don't suppose that more than one-sixth of that amount \va< used. Here is an illustration, and lor toe purpose r will practically adopt >• • figures, in the ■ whole venr. \W nnv ric-.v.-v •••• sunie tint - ' '•>" r:i,vcour<o. and bv 'v'-ve-. ,lividciid< out 'hvoU:-- V o- '. tor on If. rvoc th«- re-n.t he dIV !iH'■ " o . '.. • .. ■ ,i , „ i'-. ,\v -"; o' I ,v ;ev niaic'.v to ! . \ . I W. •' S> "1" U ,- U V •,;:ov lint ,v.:\ vouched ! >v .... ih-K" t!. prove '• .. , ... v •'• -m t.-t :i very vc.r.'tv. -• tN-v arc con .•„<•>! Kv.v.ir-c t lit' dividend-; p (> Ks.'hcu'.ier is en- ;; !i. | i, v and the racine '.i i, i iv c 1 ::o;; their share for wv'uVnz t ; v amusement. NVvertbeW at the tinal. sad to sav. these dividend* of over five millions in .•■isli have vanished like i dream tint i- told. and. worse -(ill. of the original capital, £*oo.ooo. invested the livelv venture onlv f70.'201. approximately. remains with the «peeula(or<. Well may we marvel •ft the lure of the totalisator! MAX D. KING Manurewa, 13 I I / Hh