THE WRITING IS ON THE WALL
r |'HE serious financial rev... A evident at the recent racin' and trotting carnival at ChriM 1 church last week will cause ch!k officials to ponder. Club The totalisator decrease on th three days each of racing and tr»,' ting amounted to £71,237. Tl’ Canterbury Jockey Club went do2 £37,791, and the Trotting Club dropped £33,44$ ° With the increased totali,,.. taxation to be faced, and increaJd amusement tax (this latter will doubt be borne by the clubs), th! outlook is not promising. ' The extra 2J per cent, totalisator tax will affect the returns. It l been claimed that it will affect the backers of dividends, but looked at from every viewp' 0 i n , one can arrive at no other conclusion than that 2J per cent. i s lost on each race, or, in other words this percentage will not be avaih able for reinvesting.
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Sun (Auckland), Volume IV, Issue 1053, 18 August 1930, Page 12
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151THE WRITING IS ON THE WALL Sun (Auckland), Volume IV, Issue 1053, 18 August 1930, Page 12
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