About ;^3o8,ooo of public money is spent annually in 

 France in horse-breeding. The expenditure includes the 

 maintenance of the stallion studs and depots, purchase of 

 horses, premiums to private stallion owners, and prizes given 

 at races, local shows, &c. About /"ioo,ooo of this total is 

 derived from the tax or percentage levied on the pari-mutuel, 

 or betting organisation, which tax is "ear-marked" by the 

 Treasury to devote to horse-breeding purposes. 



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