SUCCESSFUL YEAR

Sun (Auckland), Volume IV, Issue 1041, 4 August 1930, Page 14

SUCCESSFUL YEAR

NEW ZEALAND BOXBJG ASSOCIATION PROFIT OF OVER £UH Special to THE SUN WELLINGTON. Tod* The year just ended has been high, successful for the New Zealand Boim* Association, which received £1,712 7« 5d and spent £505 15s from the gereral account and £205 in grants to associations to finance teams to u* 1929 New Zealand vhampionshipi i Greymouth. leaving an excew revenue over expenditure of c*e' £I.OOO. Purse percentages and house percentages, as usual, were the two a air sources of revenue, the foraer amounting to £440 and the latter to £B9l last year. The New Zealisc championships profits totalled theicbstantial sum of £137, so that th* council received back more than hail of what it advanced to various amociations to enable then- to be represented. though not that proportior o; the total cost of running the vtotimsl meeting. The New Zealand Association nc* holds £1,770 in its various funds for championships and insurance. He balance in the overseas account is £636. that in the special amateur fur is £277, and that in the insure. - fund is £596- The g?neral fund is £260 in credit- Wellington heads the list of associations contributing toth* insurance fund, with £157. Tfc* Northern Association has contribute': £lO3, Taranak- £92. Otago £47 Napier £43, and Afanawatu £SI. Christchurch’s total is only £l7. The assets of the New Zealand Ecr ing Association are £634 to credit in its current account. £636 on depos. for various terms, £SOO invested in Government securities, office flttinc? and furniture valued at £7t. and the Morgan Cup (£80). the Jameson Be : (£7O), and Treston Shield (£«#'«. which are worth £2OO between then: QUESTION OF PURSES TO BE DISCUSSED AT NOT ANNUAL MEETING WELLINGTON. TodtJ The whole question of purses is likely to receive thorough attentici the next annual meeting of the Xe T Zealand Boxing Association, which * to be held on August 21, 22 and 21, Palmerston North. The Council of the New Zealand Association has received from Otago » ron.it which reads as follows: "In lieu of a set purse of £2## ar the subsequent amendment agreed •- by a special meeting held on May S* amending same to £366. the urwes *75 per cent, of the net profits or me other percentage as the associetien is general meeting may agree upee’ r* substituted in the rule.’’ Another matter to be raised owccrns the payment by provincial « sociations to the parent body on tfc« proceeds of contests instead of gross proceeds, as is the rule at It is likely that an alteration will made in this procedure, concerning which a remit from a provincial a*sociation will appear on ths or®* r paper. The question of promoting open-'• contests is also tabled for considers* tion. as it is understood that the cc® 1 * cil is rather concerned at the deveop* ment last year, especially in mlnuca to the Otago Association, which stage a match between Tommy Donovan ath Pete Sarron late in the year, win the view of Wellington toxin? ran a rather considerable riskPROFESSIONAL BOJfINC PALMER BEATS SMITHERAM Press Association NELSON, Today. In a professional bout of 18 rovnc* on Saturday evening Dave 10.5 (Australia), knocked out rreSmitheram. 10.3 (Dunedin), m T _ sixth round. Smitheram won the nrs two rounds.