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RAGING IN NEW ZEALAND.

"FREEZING TO DEATH." EXPENSES OF OWNERSHIP. MB. W. G. STEAD'S VIEWS. (By Cable.—rress Association.— Copyilgbt.l (lteceived 11 a.m.) SYDNEY., this day. Mr. W. G. Stead, the New Zealand racehorse owner, in a Press interview, further emphasises the fact that taxai tion, the cost of travelling, and upkeep ! are freezing racing out of the Dominion. I !He instanced last year, when he and two other prominent owners won m mc '■ vicinin of iIU.OOO each in stake*, an<l yet showed a loss on their racing transactions. In regard to the cost or travelling no j states that lie railed horses from Hastings to Auckland and back, tor whan he paid a cheque of £2;iO. It would have I Veen cheaper to bring the horses u> Sydney. , ] " He groups three types of Sow /enlamt I owners who visit Australia. First, the*) j 1 anxious to maten New Zealand s host i with Australia's; second, those anxious !to sell their horses: and third, those | I unable to make ends meet in Xcw /ea- | land and arc after the tempi Lnji prizes ;in Australia.—(A. and NX table.) In a previous message it was said that the whole of .Mr. W. (i. Stead's racing 1 team at present in Australia, comprising ! nine horses, were to be sold by Miction ion September 10. Mr. Mead u.ld an interviewer that he had decided to relinquish racing for the time beinj*, taxation and other i-harfteS in the Dominion being so heavy. lie considered tht racehorse owners were not receiving a fair run from the Government. Further, a hip team owner, who was anxious to see his horses race, had to spend a considerable time away trom home. In Australia conditions were different, as all the bifr prizes were centred in Sydney and Melbourne, but in New Zealand the prizes were scattered. When lie had a hi. gleam running in New Zealand he had to lead the life of a commercial traveller, and he was tired of it.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19230908.2.74

Bibliographic details

Auckland Star, Volume LIV, Issue 213, 8 September 1923, Page 7

Word Count
332

RAGING IN NEW ZEALAND. Auckland Star, Volume LIV, Issue 213, 8 September 1923, Page 7

RAGING IN NEW ZEALAND. Auckland Star, Volume LIV, Issue 213, 8 September 1923, Page 7