NOT ON THE DECLINE
Statements, or at least inferenQ£S ( are often read to the effect that this fair lan'd of New Zeaajnd is in Iho throes of a financial crisis, that the country is on the verge of bankruptcy that a receiver may have to !be appointed, and so on. It wouj'u) appear, however, that racing is still flourishing throughout the Dominion, and that some thousands of own ers must be viewing the position in a fine spirit of optimism. In nearly all the New Zealand racing centres the number of thoroughbreds in commission are showing material increases, and the number of trainers and stable assistants is probably con stltuting a record. Ellerslje is per[haps a case in point, for even, at the start of the racing season there are no less than 117 horses in work with 33 trainers engaged in the task of bringing their charges into Trio. nhrg form.
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https://paperspast.natlib.govt.nz/newspapers/BPB19390816.2.3.7
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Bay of Plenty Beacon, Volume 1, Issue 50, 16 August 1939, Page 2
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152NOT ON THE DECLINE Bay of Plenty Beacon, Volume 1, Issue 50, 16 August 1939, Page 2
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