THE TOTALISATOR.

Taranaki Daily News, Volume LII, Issue 331, 5 March 1910, Page 5

THE TOTALISATOR.

NEW REGULATIONS. By Telegraph. —Press Association. W T elington, Last Night. A new set of regulations relating to the payment 01 duty in respect to the •use of the totalisators at race meetings, and also to the gross takings of clubs, has been prepared in accordance with the amending Act of last session and is published in the Gazette this week. .Every statement of finance which it is necessary for a racing club to forward to the Minister of Internal Affairs under the Act will have to be signed by xm« of the club stewards, and verified by ■a, statutory declaration made by the secretary or other chief executive o/li•cer. In all cases the amount of duty payable will have to, be paid within fourteen days after the holding of the race meeting in respect of which it is payable. Before granting to any racing club a license to use a totalisator at any race meeting the Minister of Inter, nal Affairs has power, if he flunks fit, to require a security for the payment • iby the club of all duties and other sums ior which it is liable. The security will be in the form of a bond for such sum •as the Minister may determine! and is to be entered into, by two or more responsible club officials.