User:Peaky76/Kiplingcoates Derby

The prize for the race was founded by a group of fox-hunters who deposited a sum from which the annual prize could be obtained. In 1740, it amounted to £16, which was fortuitous, as it meant that the Derby escaped an Act of Parliament put in place by George II which prohibited races of a value less than £50 unless they had been the gift of legacies.