A STUD COMPANY FOR NAPIER AND WANGANUI.

Te Aroha News, Volume VII, Issue 383, 10 July 1889, Page 6

A STUD COMPANY FOR NAPIER AND WANGANUI.

A meeting was held at the Hawke's Bay Agricultural and Pastoral Society's rooms a few days back of those interested in the formation of a Stud Company in Hawke's Bay. There was a fair attendance. Cap- ' tain RuBsell occupied the chair. It was proposed that a company should be started with a capital of £10,000. Some gentlemen present did not believe that they should . limit the capital of the company to £10,000, until they could see at what price they could get some good stud ' horses, jyir Lang said some time ago he wrote to a gentleman at Home, a man well-informed in these to give him some information as to the cost of buch horses. He expected to get a reply at

an early date. Mr Coleman said such a capital was not nearly sufficient, and they would not havo tho smallest chance ol success. If they wanted to gee a good siro, a getter of winners at Home, they would probably have to paysevenoreightthousand guineas for him. Mr S. M. Baiter, of Feilding, said for some years past he had given the subject a good deal of attention, and he was of the opinion that horses could be procured in the colony equal to anything that might be imported. Let them look at the number of colonial- brod siros which had been successful. There was old Sir Hercules, Yattendon, and Chester. Then they had the old horsao's son and grandson, romarkable for successes at tho stud. And Painter if he had boen living now would have been the promier stallion of New Zealand. There- was a hoi so that had boon brod in New Zealand, equal to anything imported. Tho colonial-bred horso was undor valued. Ho thought that £10,000 would be a very small capital ; C 20,000 or £30,000 would be moro like it. Ho would like to see this nmdo a greater scheme, embracing a large distiict. Some little timo ago the question of fOl ming a stud company in Wanganui was considoied, but there they were not strong enough to form one. Now, he questioned whether in Hawke's Bay they were strong enough to do it, and he thought Wanganui might, be included in tho district, so as to have a company what might bo called ' mid way,' as there was a stud company in the extreme noith and also in tho south. He did not sec why that could not be doncv ' He quite believed that horses could be obtained in the colony equal to anything that might be imported. His own horse Somnus, it was to be understood, was not for sale. Captain Russell thought it would be advisablo to adjourn the meeting until they could obtain information as to the full cost of a sire from Home. It was an essential point that they must get information a.s do the amount of capital they would require. They might adjourn for a month ; cherc was no hurry for a month or two, as it was not probable that the Company could be stirted this season. "By that time jSJr Lang would perhaps have received his letter irom Home. The meeting was then adjourned for a month.