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New Zealand Illustrated Sporting & Dramatic Review, Volume IV, Issue 201, 31 May 1894, Page 3

Investment was better down Dunedin way this year than was the case last year. The Birthday gathering shows an increase of /‘1360. The disposal of the English Royal Stud is spoken of at Home, and according to the sporting writer “ North Yorkshireman ” this proprosed withdrawal of Royal patronage is to be attributed to the “Radicals, cranks, and faddists,” in Parliament. Certainly the breaking up ofjthe Royal Stud would have a prejudicial effect on thoroughbred interests. Speaking of backing systems, “ Rapier,” in the Sporting and Dramatic News, tells of one which has lately come into fashion:—“This is to back the animals that were favourites for, but beaten in, the last race for which they started. The idea is not unreasonable. In all probability, it is assumed, the animals would not have been made favourites without good reason; and I should say that this applies generally, but not always. It is assumed, furthermore, that they were very likely beaten through some of the little mishaps and accidents which so frequently upset results, and that it remains for them to vindicate the judgment of their previous backers who lost -- -