I accordingly rose and followed him through the house to the back regions. When we reached the stables we found the stranger dismounted and in the act of leading a closely-rugged horse into a loose-box, which had evidently been specially prepared for his reception. Pete followed him, and said something in a low voice, to which the man, who was a tall, weedy individual, murmured some reply. Having done so, he spat on the floor with extreme deliberation, and wiped his mouth on his sleeve.

'Now, let us have a look at him,' said Pete, signing to a blackboy to strip him of his clothing. The boy did as he was ordered, and for the first time I saw the horse whose destiny it was to change the whole course of my life.

He was a fine-looking, bright bay, with black points, standing about fifteen hands, long and low, with short, flat legs, large, clean hocks, good thighs, and as sweet a head and neck as any man ever saw on a horse. Long as was the stage he had evidently done that day, he looked as fresh as paint as his big eyes roamed about and took in the lamp-lit box which was ever so much below what a beauty of his kind deserved. Somehow it seems to come natural to every Australian, man or woman, to be a lover of a good horse, and I know that, as I looked at that beautiful beast, all my regrets were forgotten and my whole soul rose in longing to be upon his back.

'What do you think of him?' said Pete, who had been closely watching my face. 'Isn't he a beauty, and doesn't he look as if he ought to be able to show the animals about here the way to go?'

'He does, indeed,' I answered. 'But don't you think it seems a waste of good material to bring a horse like that up here to take part in a little country race meeting.'

'I want to show the folk about here what I can do, my boy,' he said, and dropping his voice lower even than usual, he continued, 'Besides, as I told you to-night, the race will be worth more than a little. Between ourselves, I stand to win five thousand over it already, and if you've got any savee you'll have a bit on him, especially as you're going to ride him yourself, and therefore know it must all be fair, square, and above board.'

'I intend, all being well, to back him as far as my means will permit,' I said. 'And now, with regard to this trial, is that to come off to-morrow morning?'

'No! I think not. The horse is not ready for it. The day after to-morrow, perhaps, at three in the morning, on the flat behind the Sugarloaf Hill. Is old Benbow anything like well?'

'As fit as possible,' I said. 'If your horse can give him a stone, I shall be quite satisfied.'