HORSE SALES IN N.Z.

Press, Volume XCVI, Issue 28397, 2 October 1957, Page 12

HORSE SALES IN N.Z.

Australia Lifts Currency Quota

(New Zealand Press Association) WELLINGTON, Oct. 1. Mr lan D. Reid, secretary of the New Zealand Thoroughbred Breeders’ Association, received advice today from the New Zealand High Commissioner in Canberra (Mr Lisle Aiderton) confirming the Intention of the Australian Government to make available unlimited licences to Australian buyers at horse auction sales conducted in

New Zealand. This means Australians will have an absolutely free hand at the thirty-second national sale of yearlings at Trentham in January.

For some years the Australians have been restricted to buying within a Government-prescribed quota, although, last January, the Federal authorities increased the limit on the eve of the sales, thus permitting the Australians to spend a record sum. The lifting of the embargo is the outcome of negotiations by the Thoroughbred Breeders’ Association, through Mr Aiderton, with the Australian Government.

For the time being, it refers only to horses bought at auction. The position relating to the purchase, either direct or through agents, of proved horses in training has yet to be clarified, but the association is continuing to press for an extension of the unlimited licence to embrace this class of racing stock also.