RACING BY THE STATE.
MOST SUCCESSFUL VENTURE. NET PROFIT OF £28,000. Australian and N.Z. Cable Association. \Eecd. 5.5 p.m.) LONDON. April 19. The Minister for Agriculture, Sir Robert Sanders, sp€».king in the House of Commons on the estimates for his department, said the operations in connection with the breeding of racehorses formed one of the most successful instances of State trading. (Labour cheers.) Since the presentation of the national stud to the nation the net profit had been £28,000. The Ministry last year headed the list of winning breeders, as 25 horses won 42 races valued at £32,000. The races won included the St. Leger, Irish St. Leper, Liverpool Cup, Derby Cup, and Prince of Wales Stakes. The department made a good beginning this year by winning the Lincoln Handicap.
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New Zealand Herald, Volume LX, Issue 18380, 21 April 1923, Page 9
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130RACING BY THE STATE. New Zealand Herald, Volume LX, Issue 18380, 21 April 1923, Page 9
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