WILL DOMINION’S NEW MONEY VALUES AFFECT RACEHORSE SALE PRICES?
New Zealand of racehorses will be among those likely to< feel the draught as the, result of the reversion of the New Zealand pound to sterling parity, comments the “Rotorua Post.” 'For the past 22 years, ever since the annual national sales of yearlings were organised, Australia has been the mainstay of - the market and almost invariably, most of the high-priced thoroughbreds have found their way into Australian stables. Overseas bidding has set the main for values and now that Australian clients, unless the Commonwealth also reverts to sterling parity in the meantime, will have to pay an additional 25 per cent for their fancies in the sale ring, it is more than likely that their bidding will be less adventurous. This will inevitably have a depressing effect on average values and New Zealand buyers will reap the benefit. / , = — ====== '
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Bay of Plenty Beacon, Volume 12, Issue 91, 6 September 1948, Page 5
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148WILL DOMINION’S NEW MONEY VALUES AFFECT RACEHORSE SALE PRICES? Bay of Plenty Beacon, Volume 12, Issue 91, 6 September 1948, Page 5
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