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AUSTRALIAN BREEDING VALUE Minister of Transport Points Out What it Means to Country — Success of Local Sires. Australias breeding industry was a great asset, said the Minister of Transport Mr. Bruxner at the annual dinner of the Bloodstock Breeders Association at the Hotel Australia in Sydney April 14. He thought the breeding and racing business was not put properly before the public, who mainly regarded racing merely as a means of providing gambling. The dinner marked the completion of the annual yearling sales. Mr. Bruxner said he felt sure the government would take all precautions to see that everything possible was done for a sport which gave such pleasure to so many people, and at the same time was of such importance as an industry. A. W. Thompson, Australian Jockey Club committeeman, who presided, pointed out that not only was the industry in the interests of the betterment of racing, but it also furthered the breed of the utility horse. It was pleasing to see that Australian-bred sires were coming into as much prominence as imported stock, he added. *Sir Hugh Denison, who proposed the toast of the Australian Jockey Club, expressed his appreciation of Mr. Bruxners remarks regarding the attitude of the government towards the racing industry. He explained what the A.J.C. had done for the betterment of breeding and racing, both in the metropolitan area and the country. The A.J.C., he declared, was sustained on democratic lines, and had 2,000 members. He had no hesitation in saying that it was one of the greatest institutions of the commonwealth. Several suggestions, he said, had been made to alter the constitution of the club, but he thought it was in safe hands as it is. It did all it could for the betterment of the breeding industry.