(including sweepstakes, and entries and subscriptions for future meetings, J8679 25)— £6229 19j ; race receipts— Grand stand and entrance to course, £3202 9s 3d; privileges — Booths and cards £1012 Oa lOd, totalisator £5799 lls, selling races (surplus) £241, training fees £151 43, general fines account, £15 5 distressed jockeys' fund — Finea £20 10s, registration of colours £8 8?, racecourse reserve rent account, £152 103; sundries, £4 16a 9d ; balance, April 30, 1892, £566 93 lOd ; total, £18,065 83 Bd. Expenditure.— Stakes (net), £12,365 4>3 j salaries, £723- 18a 4d ; attendance at meet ings, band, &c, £421 53 4d ; racecourse and training gallop maintenance, £106 14s Id ; advertising and printing, £151 Oa 2d ; distressed jockey's fund, £40; Grand National Meeting, Christchurch Hunt Club, £251 2a lid ; permanent improve ment account, £515 10a lid ; general ex penses, £383 103 Id ; sundries, £30 7a ; deposit account Union Bank Australia, , -£3000; cash in hand and bank, £16 15a 10d; total, £18,065 8s Bd. The profit and loss account showed a balance of assets over liabilities of £11,132 17s lid, and the profit and loss on general working account for the season ended April 30, 1893, a balance (profit) of £2660 15s Id. tbbasuber's statement. The Hon Treasurer (Mr G. G. Stead) said: In moving the adoption of the balance-sheet and statement of receipts and expenditure, I have the very pleasant task of referring to the successful season just ended. I will not inflict upon you a lengthy analysis ot the figures as com pared with the previous balance-sheet, but will summarise the results in as brief a manner as possible. The aggregate re ceipts for tbe season just closed, excluding the balance on May 1, 1892, were £17,498 17a lOd, against £13,331 10s for the preceding one ; whilst the expenditure, ! excluding cash in hand and money on deposit with the bank, has been £15,018 12s lOd, against £11,061 12s lOd. Perhaps the following comparison of our expendi ture and of our principal sources of revenue for the past three years may enable you to see at a glance what progress has really , been made. — ' EXPENDITURE. ,

*Kailway Fares were reduced one-half this year. 