Fifty Years of Progress 1880-1930

A.A.A. JUBILEE SOUVENIR SuMMAllY OF GEN~RAL ExPENDITURB AND INcoME (Excluding Champiomhips, International Meetings and Matches) Expenditure rear Income £ £ 885 1920 643 963 1921 708 1,321 1922 745 1,294 1923 755 1,444 1924 801 1,635 1925 794 1,624 1926 ~23 1,758 1927 94 1 1,707 1928 855 Average per annum £1,403 £796 It will be seen from these figures that the average deficit oflncome is just over £600 per annum, but if we take the last five years, when perhaps the progress of the Association has been most marked, we find that the shortage is rather more than £7 50 per annum, and, at the present time, we have to rely upon the Championship results to pull us round. Fortunately, of recent years, these have far exceeded expectations, as the following figures show:- PROFIT ON THE CHAMPIONSHIPS £ 192.4 . 1,180 (Year of Olympic Games) 1925 1,043 1926 1,609 1927 1,501 1928 1,641 (Year of Olympic Games) Nineteen hundred and twenty-eight was, needless to say, the record year. Rather more than 29,000 attended the Championships, and I 8,866 programmes were sold. When we compare this with 1900, referred to previously, which was a record at that time, we find that in 1928 we exceeded the figures of gate money and programmes by more than four times. This in itself shows the tremendous progress and advance of amateur sport. Then in 1928 there was the International Meeting, U.S.A. v. British Empire, which provided a record attendance at Stamford Bridge for an athletic meeting of upwards of 41,000, and 21,700 pro– grammes were sold. The gate money on the day was just under £2,700. With these growing profits we were soon "discovered" by H.M. Inspector ofTaxes, with the result that, notwithstanding appeals, questions in the " House," etc., the Treasury insists upon sharing our profits to the extent of the standard rate of Income Tax. Under the present conditions, with so much to make up to meet general expenditure, we can scarcely be expected to accumulate large amounts in the way ofinvested funds. Thanks, however, to the excellent results of the past few years and the International Meetings with U.S.A. 100