RACING PROFITS.

Taranaki Daily News, 10 July 1916, Page 2

RACING PROFITS.

EGMONT CLUB'S CONTRIBUTIONS. At a meeting of the Egmonl Racing Club on Thursday night, it wa. l , in accordance with a resolution at s. special general meeeting of members, resolved to allocate the net profits for the year The chairman (Mr. J. Quin) said that even aftei disbursing the £IOSO the club would have a credit in the bank of about £SOO, carried forward from the previous year The club had already paid away the sum of .C 415 10s for patriotic purposes, so that the CIOSO proposed to be distributed would make a total of £2050 Ills. Apart from this, the did) had during the past two years paid away in totalisator taxation the sum of £5480, so that the club had contributed something oyer £7OOO for patriotic purposes and taxation. It was resolved to distribute the £IOSO to the following funds:—Blind Soldiers £2OO. Taranaki Wounded Soldiers £350, Y.M.C.A. £351!, Salvation Army Orphanage £l5O, Red Cross and St. John Ambulance £3OO, Naval dependents £IOO, Nucleus of a memorial for Taranaki fallen soldiers C2OO. In connection with the amount given for a memorial fund to fallen Taranaki folders, the chairman remarked that those who had paid the greatest sacrifice with their lives were apt to be forgotten, and by starting a fund to perpetuate the memory of these fallen heroes he hoped the fund would be taken up by the public, and that from time to time it would be increased by public subseuiptions. This would not be a racir.g club fund, and the amount contributed would be the nucleus of a Taranaki fund for the purpose indicated.