Old Hat (horse) of Flowers, and Venture were also competing. Among this company, she was voted Champion Female Handicap Horse by the Thoroughbred Racing Association in 1964, although the rival "Daily Racing Form" chose the three-year-old Tosmah. Old Hat won both awards in her best season, 1965, when she was six years old. Old Hat raced for six years, starting in 80 races. She won 35 times, placed 18 times, and came in third 9 times. All in all, she was in the money 62 times. Old Hat (horse) Old Hat (foaled in Kentucky in 1959), was an American Thoroughbred racing mare by
Equalization payments in Canada The basics of equalization payments have been around since Canadian confederation when the federal government had most of the taxation powers. The federal government would make transfer payments to the provinces to cover their needs. There was no obligation that these transfer payments had to reflect the amount collected in each province and thus wealth was always redistributed. Equalization payments happen via the federal treasury. A formal system of equalization payments was first introduced in 1957. The idea was based on the proposals of American economist James M. Buchanan and they were introduced mainly to help the struggling Atlantic provinces