POLO PONY CLUBS. 245 



in an annual income of Rs. 600, supposing that all 

 the ten non-players belong to the club. It is advis- 

 able that each player should pay an entrance fee 

 of Rs. 100 ; but in any case the subscription should 

 not be less than Rs. 10, with an additional Rs. 5 for 

 each pony supplied. The entrance fees would bring in 

 a lump sum of Rs. 1,500, and the subscriptions from 

 players and non-players and the monthly payments 

 for the ponies would bring in an annual income of 

 Rs. 4,200. If from this we deduct Rs. 1,200 as interest 

 at 8 per cent, on Rs. 15,000 borrowed, the yearly balance 

 to the good would be Rs. 3, coo, a certain proportion of 

 which might go towards paying off capital, and the 

 remainder for the purchase of new ponies and tourna- 

 ment expenses. This co-operative polo society scheme 

 can be worked by any number of players, who would 

 find that they could thus play more cheaply than by 

 any other arrangement. It would be easier to carry 

 out this system in a regiment than elsewhere ; although 

 there is no reason why a smart Committee should not 

 work it for a county club in England, just as well as 

 for a regiment. 



If three men can raise enough money to buy nine 

 ponies, and will carry out the system on exactly the 

 same lines, entrance fees and subscriptions varying 

 according to circumstances and the class of pony 

 required, it will be found that they can work it in the 

 same manner as if there were twenty or thirty mem- 

 bers with fifty or sixty ponies. The only difference is 

 that the larger the number in the club, the more good 

 management, care and trouble will be required of the 

 Committee. One great advantage of this system is 

 that a man will know exactly how much his polo will 



