Round Three: WIGRAM
21st New Zealand Grand Prix (23rd Lady Wigram Trophy)
23rd Lady Wigram Trophy
Date: 19th January 1974
Venue: Wigram Airfield
47 laps of 3.43kms (161.1kms)
| Result | Driver | Nat | Car | Laps |
Time |
| 1 | John McCormack | Aust | Elfin MR5 / Repco 4994cc V8 | 47 | 52m 29.8s |
| 2 | Teddy Pilette | Belg | Chevron B24 / Chevrolet 4995cc V8 | 47 | |
| 3 | Peter Gethin | UK | Chevron B24 / Chevrolet 4995cc V8 | 47 | |
| 4 | David Oxton | NZ | Begg FM5 / Chevrolet 4995cc V8 | 47 | |
| 5 | Garry Pedersen | NZ | McLaren M18 / Chevrolet 4995cc V8 | 46 | |
| 6 | Graeme Lawrence | NZ | Lola T332 / Chevrolet 4995cc V8 | ||
| 7 | Allan McCully | NZ | Begg FM5 / Chevrolet 4995cc V8 | ||
| 8 | Reg Cook | NZ | Lola T300 / Chevrolet 4995cc V8 | ||
| 9 | Baron Robertson | NZ | Elfin MR5 / Repco 4994cc V8 | ||
| 10 | Ken Smith | NZ | March 732 / Cosworth 1930cc 4cyl | ||
| Ret | Dexter Dunlop | NZ | McRae GM1 / Chevrolet 4995cc V8 | 38 | Fuel Injection |
| Ret | Graham McRae | NZ | McRae GM2 / Chevrolet 4995cc V8 | 30 | Valve Spring |
| Ret | Warwick Brown | Aust | Lola T332 / Chevrolet 4995cc V8 | 27 | Gearbox |
| Ret | Robbie Booth | NZ | Begg FM4 / Chevrolet 4995cc V8 | 24 | Differential |
| Ret | Johnnie Walker | Aust | Lola T330 / Repco 4994cc V8 | 20 | Gearbox |
| Ret | Max Stewart | Aust | Lola T330 / Chevrolet 4995cc V8 | 12 | Oil Line |
| Ret | Neil Doyle | NZ | Surtees TS9B / Chevrolet 4995cc V8 | 7 | Suspension |
| Ret | John Laney | NZ | McLaren M10B / Chevrolet 4995cc V8 | 7 | Engine |
Fastest laps: P Gethin 1 min 3.6 sec.