I am anxious to get this matter into perspective. The Minister can be of real service to the country by giving us an idea of what the assets of the National Stud are and by showing, away from this transient discussion of whether Tulyar is the best horse in the world or not, what the functioning of this stud has been.
I think the functioning of the stud to date has more than justified the decision taken by a previous Dáil that we would have a National Stud. It is very ill-advised of us, in the light of that experience, to deny to that National Stud the right to carry on on the best possible lines.
My feeling about Tulyar is the same as it was when I spoke on Second Reading, that, taking the balance of probabilities, with a reasonable amount of luck and with a bit of goodwill on the part of the Irish people, this should prove a new basis for development of bloodstock at home. If the progeny of Tulyar are as successful as I would wish them to be, there is a basis there for an immense increase in earning potential of the branch of our horse-breeding industry that has not kept pace with the other side of it. Our jumper and chaser have an unrivalled international reputation. In the hour before we started this discussion we got evidence of that in a triumph in the Gold Cup for Irish chasers to-day. Flat breeding in this country has improved extremely over the last couple of years.
I am so adamant in my support of the purchase of Tulyar because I believe that this gives us an opportunity to go into the two-year-old or three-year-old classes in competition with England, France and America. It is only when you get into the very high-grade classic breed in this particular stock that you increase your earning potential. If Tulyar is half as good as I believe he will be, his yearlings for the first, second and third years may in the aggregate be worth anything from £200,000 to £400,000 per year.
Deputy O'Higgins is equally earnestin his view and has a right to hold that view. People may laugh and say that there is no sense in leaving the issue of Tulyar, as we have done on this side of the House, to the individual judgment of each Deputy. I think we are right. I am terribly sorry that that is not the general position in the House because I firmly believe that thinking people would not be led astray by sidelines or by the fact that this racehorse is put into a situation in which he should not be. If there were a reasonable approach to this matter, the House would take the view that this is a matter that is worth analysis on its merits. I want the Minister to put the country's mind at rest. He can do us a great service. In increasing the capital of the National Stud to £500,000 we are doing no more and no less than giving the stud better scope for real development. On the Minister's own statement, there will be a considerable amount, running to £60,000 or £65,000, of capital unexpended after this. My feeling about the National Stud is that we should not in the first stage have been niggardly about this capital. Had I been in the House then, I would have been inclined to make the upper ceiling of the capital a good deal higher and to give the directors the right to come, in certain circumstances, to the Minister for a further call up.
This whole issue, I firmly believe, has never been honestly discussed on its merits. I think that as a result of good judgment and effort the assets of the National Stud have been so enhanced that, even without Tulyar, the National Stud would not be over-capitalised in its present position at £500,000. I know what the value of a horse like Royal Charger is and how it has been improved. I firmly believe that the horses in the National Stud are now making a name for themselves. Let us put Tulyar into that trio, with the same wish for his future, because if you can get that kind of balance in the National Stud, I venture to say that many of the people who may be, in an honest and in a sincere way, opposed to this particular venture may feel very pale and wan in the light of the achievement that could be brought about.
There are two points of view. My point of view is that we are at least creating a potentiality for a tremendous development of the best two-year-old and three-year-old type of horses in Ireland. I feel that if Tulyar is a success it will not be an infrequent but a general achievement of Irish breeders to be able to compete in the English Derby and in the English and French classic races. We will not have the position that only with a breeder of immense wealth will there be the possibility of a Derby winner. I believe that on the basis of this new change in strain and line of breeding in the National Stud we may find that the small men will get an opportunity, not only of breeding, but perhaps of owning and training the very best type of classic horse which may be the progeny of Tulyar. I will have no hesitation in answering to the people of West Cork whom I represent for my views on this matter—I know that they are oppressed by many problems and that there are difficulties created for them by the failure of the Government economic policy—in saying that I would be doing very poor service to them as their representative if I allowed my appreciation of their many sufferings to dull my judgment as to what might be something of real national value, as I believe it will be.
I believe the Minister could indicate to the House what the real assets of the National Stud are, what the improvement of the general situation in the National Stud has been, thanks to the prudent management, control and development of the stud. In the light of that and of the enhanced value of the effort already made by the National Stud, I think the House would take a more reasoned view of it. As I said, I do not think the debate has been brought to the proper level. I do not think it is too much to ask this House to allow the National Stud to have a capital of £500,000. In fact, if Tulyar was not in the picture and if the Minister had come, in a general way, to ask for a substantial increase in the capital of the National Stud to enable improvements to be carried out in buildings, to allow of the purchase of a group of mares or the acquisition of more land, and painted a differentpicture from the one which was a little bit distorted out of perspective by the fact that one horse cost so much and one of the richest men in the world was to get the biggest price ever for a horse, I think the House would be very slow to question the wisdom of such an investment in the National Stud. I do not question it.
Let people say what they will about sudden storms arising in regard to the position of the National Stud. I think there is such an inherent sportsmanship in the ordinary Irishman that he will wish good luck to this effort of the National Stud.