AUSTRALIAN'S VIEWPOINT
"If there was a bridge across, the Tasman half the trainers in New Zealand would be on their way to Australia," remai-kecl M. T. MeGrath to: a Melbourne racing critic when'he returned from a three months' trip to New Zealand. \
McG-rath-'considers that excessive taxation is likely to ruin racing in New Zealand. Besides nearly 17, per cent, tax on .the totalisatpr, there is 5 per cent, tax on stake winnings. As no bookmakers operate, it would be seen that owners and trainers are heavily hit on their winning investments on the totalisator.
The class of horses racing has also deteriorated. Fifteen years ago there were .100 horses in New Zealand that could have won almost any race in Australia. During his trip MeGrath saw only four first-class horses. If if were not for the Australian competition, yearlings would bring very poor prices, because the money is not in the game to enable local owners to keep up the prices.
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Bibliographic details
Evening Post, Volume CXVIII, Issue 28, 2 August 1934, Page 8
Word Count
161AUSTRALIAN'S VIEWPOINT Evening Post, Volume CXVIII, Issue 28, 2 August 1934, Page 8
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