228 TEAINING IN INDIA. 



On the lottery paper which I have given as an illus- 

 tration, we see that the Nos. 12, 25, and 36 were taken 

 by single individuals, and that there was a sweep of 

 two tickets per man for Nos. 1 to 11 and for 13, 14, and 

 15, the break having occurred by Johnson having taken 

 No. 12 on first going off; the remaining tickets being 

 taken conjointly. 



By the C. T. C. Kules, an owner is entitled to claim 

 one-half of his horse's chance (taking that proportion 

 of risk as well as gain) immediately on its being sold. 

 The owner's share is the only one allowed to be recorded 

 on a lottery paper, whatever part be taken. 



In the " Debits and Credits " we see that half of Sam 

 is debited to Johnson, the owner of that horse. 



By using the form of " Debits and Credits " we 

 ensure correctness, which is proved, firstly, by the 

 addition of the column under "Price of tickets " amount- 

 ing to their gross value, and secondly, by the total sum 

 under column ''Bought" being exactly double that 

 under " Drew " ; for the purchaser of a horse's chance 

 pays double the amount he is sold for, first to the 

 drawer, and then into the lottery. The final step in 

 proving the accounts, is to see that the total winnings, 

 plus the percentage, is equal to the total losings. When 

 this system is employed, a form like the following 

 should be used to show the total debits and credits on 

 each day's racing. I here assume that there were four 

 lotteries held, and that twelve persons took part in 

 them. 



