SWEEPSTAKES CUT

Sun (Auckland), Volume IV, Issue 957, 28 April 1930, Page 9

SWEEPSTAKES CUT

FEWER BETS AND SMALL RETURNS FROM DERBY GOVERNMENT OPPOSITION British Official Wireless RUGBY, Saturday. Sweepstakes ou the Derby are this year on a much restricted scale, as the result of the declaration recently made by Mr. J. R. Clynes, Home Secretary, setting forth the Government's views on the subject. Mr. Cylne’s statement was in effect a warning that sweepstakes must be conducted privately, and that tickets must not be sold to the general public. The Stock Exchange sweepstake, which last year reached the enormous total of £1,000,000, owing to the participation of the general public, has this year reached only £70,000. Tickets have been sold only to sharebrokers. The Smithfield meat, markets sweepstake has been abandoned, owing to a threat of proceedings by the police, the tickets having apparently reached the outside public. Other institutions. such as the Baltic Exchange and the Royal Automobile Club, are conducting sweepstakes as usual. Every effort is being made to confine the sale of tickets to members only. In all cases a large percentage, generally 10 per cent., is allotted to charities. The shrinkage of the Stock Exchange sweepstake will mean that £7,000, instead of £IOO,OOO will be distributed.