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AUSTRALIAN RACE TRACK FINANCES Notwithstanding the Victoria Racing Clubs added money totaled 258750 and 155430 was siwnit in Improvements alone the excess of expenditure over receipts for the past year was only 20345 The profits on the various meetings held were as follows Grand National meeting 1912 22325 August meet ¬ ing 1012 51 Kir October meeting 1012 180 Mel ¬ bourne Cup ineetlng November 102015 New Years Day meeting 1913 101530 Autumn meet ¬ ing 5985 June nieotlMsr 10i The amount re ¬ ceived from all sources at the various meetings held throughout tlie year totaled the large sum of 521 005 The receipts ut the Melbourne Cup meeting reached 2549 2549j j and the expenditure 152925 stakes absorbed ln ln5S40 5S40 leaving a profit on the spring fixture of 102015 The contingency fund shows a balance of 100445 and the Distressed or Disabled Jockeys Fund account has a bank balance of 10510 The clubs credit balance at the Bank of New South Wales is 208835 It is pleasant to read that the club is in such a satisfactory position and as there will not be such a heavy item in tlie way of improvements and extra revenue will result from a charge for admission to the flat matters promise to be even better at the close of the current year Sydney Referee
