Payment in Kind

In Australia, as elsewhere, the traditional horse-race prize is a cash purse and a gleaming trophy. But last week in New South Wales, the Bathurst Turf Club announced something new: payment in kind. To the lucky horse that wins the club's big February race for fillies and mares will go one free stud service (worth $1,180) from Tulloch, a famed stallion that won $247,776 before he was retired. "We are convinced," said Club Secretary Gordon Bourke, "that the prize will cause great interest."

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