NATIONAL STUD.
SHOWS A PROFIT.
(From Our Own Correspondent.) LOXDON, February 19
There are those who expect every state enterprise to be run at a loss either open or concealed—even railways. This being so, the answer made by Mr. Buxton, Minister of Agriculture, to a question in Parliament regarding the financial standing of the National Stud will be of interest. Mr. Buxton, in a written answer, states:— "The National Stud .was established in 1916, primarily on military considerations, as the result of the gift to the Government by Lord Wavertree of his valuable thoroughbred stud, together ■«-i,th all the live and dead stock on his Tully estate in Kildare. The owners' and tenants' interests were purchased for £47,625 by means of a vote of Parliament. The stud is maintained as a breeding, and not a racing, establishment, and there is an accumulated trading profit up to December 31, 1922, of £33,550. There is no reason to thmk that the trading account for last year will not also show a profit. It is intended to maintain the National Stud, and it is hoped,_to the continued benefit of the, taxpayer." . . - .
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Bibliographic details
Auckland Star, Volume LV, Issue 76, 29 March 1924, Page 13
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188NATIONAL STUD. Auckland Star, Volume LV, Issue 76, 29 March 1924, Page 13
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