On Sunday, September 14th, 43 members and interested persons attended a
meeting convened by the committee of the Palmyra Drag Racing Club at Mackay,
Queensland.
The meeting opened at 1 pm. with the president of the club, Geoff Everett,
briefly outlining the reason for the meeting and the serious nature of the
financial status of the club. The treasurer's report was then read, stating
the amounts outstanding and the bank balance of the club. The bottom line is
that although the club is not outstanding on any accounts, the bank loan
repayment of $610 per week is stifling any chance of growth. Adding to this
is the recent spate of rain affected meetings at the club's Palymra drag
strip, lowering the club's working account to critical levels.
General discussion was then entered into with several suggestions coming
from the floor. The main focus of discussion ended up being whether or not
to investigate the prospect of selling the drag strip and land and to be
then leased back on a perpetual basis. The other most prominent idea was for
the racers themselves to band together to actually invest in the track to
lower the debt.
The meeting was generally in agreement of the downturn in spectator
numbers, the increased cost of staging major events and the need for further
upgrading of facilities at the track.
For the club to be able to move forward in these difficult times, the
members agreed by way of a carried motion that something needed to be done
to lower the immediate financial burden on the club.
Generously, 28 of the present members of the PDRC pledged ongoing
assistance, to the tune of $15 each week for a minimum of six months to be
directly paid off the loan. Other members who were not present for the
special meeting will also be given the opportunity to participate.
It is generally acknowledged that this is not a total fix solution to
the economic problems facing the club. However, this provides a very large
commitment from the local racers to their facility and also allows the club
breathing space to be able to reassess the direction in which the club will
proceed in the future.
In reading this report, you may start to get some insight as to how the
members of the Palmyra Drag Racing Club have been able to maintain this
track as a "club track" for thirty years. Most racers visiting the track for
the first time comment favourably on the facility and in doing so are
praising the efforts of all past and present club members.
Any readers of this magazine with offers of assistance, please contact
the club by phone or fax on (07) 4959-3144.