Hawick common riding makes profit

Hawick Common Riding managed to record a healthy profit for this year's summer festival despite the bad weather.

At the committee's annual general meeting, the balance sheet showed a profit of £2,612 for the 2012 celebrations.

But part of the expenditure incurred during the course of the year included a £20,000 instalment paid into the festival's Quincentenary Fund for 2014.

The wet weather had resulted in a drop in gate money to the horse racing on the Moor but chairman Stuart Marshall said he was delighted to report on yet another successful Common Riding.

The Quincentenary Fund, which will pay for a new statue at Tower Knowe, currently stands at £80,337.