CONCLUSION 
AND now let me, in conclusion, summarise very 
briefly the facts that I have endeavoured to set 
forth. 
Times are bad and the agricultural interest is 
suffering acutely from the low prices of stock and 
produce, and from bad seasons. Farmers must 
leave no stone unturned to find a profitable expen- 
diture for their time and capital, and must work out 
their salvation by wise enterprise. Horse-breeding, 
properly conducted, is now a profitable pursuit in 
many parts of the country, and therefore might be 
made remunerative in other parts having equal or 
superior advantages of climate, pasture, and proximity 
to markets. Horse-breeding should be made a part 
of the business of farming, but should be kept in its 
proper place as an accessory. The demand for good 
horses of every class is very great, and leaves an 
ample margin of profit. Our climate, soil, pastures, 
and breeds all give us a great advantage as horse- 
breeders, and therefore foreign competition need not 
be feared so long as horse-breeding is pursued by 
Englishmen with zeal equal to that of the foreigner. 
Thought and patience are requisite in this as in any 
other business, but few occupations afford so much 
