226 TRAINING IN INDIA. 



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. Eules, 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 " amounting 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. 



