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122 than in England. Where a farmer in the latter country would pay £40 to £60 for a draught horse, we, in New Zealand, would pay £20 to £30. This fact is chiefly owing to the ease with which they are reared and bred, and the cheapness of oats and other fodder in New Zealand. But, notwithstanding these seemingly low prices, horse breeding pays very well, and nearly all farmers, who are in a position to do so, go in for it to a certain extent and get remunerative prices when the foals come to maturity.

Our chief breed in draught horses is the Clydesdale; it is considered the most