Tho gay cavalcade which seemed to arise, as if by magic, at the corner of the Coinmor cial Hotel on Saturday afternoon proved two thiugs- -that punctuality is a virtue which belongs to equestrian Wangauui at least, and that she still maintains her old renown in the matter of horseflesh. We ques_ tion whether there is place iv the Colony of similar size that would compare so favourably in the superiority of ' mounts ' to say nothing of tho dexterity with which they were manipulated. The ladies too adorned the pageant with their preseuce, and such of them as came on horseback proved that if the proprieties did not mili tate against their entering the competitive arena, tho> would be formidable rivals if they did not actually "victors exult." The gathering itself was very spirited, mirth and bon hominie prevailing on all sides, while the interchange^ that banter which may be said to breathe an equine atmosphere, (and whereby we presume it is called "chaff,") tended to enliven the stage preliminary to the proceedings. By 3 o'clock, under the guidance of Mr Walker the procession, accompanied by a number of vehicles, freighted chiefly with fair humanity | took its departure at an orderly pace till ib arrived at the outskirts. The start was from the top end ol Wilson Street through the Industrial School Estate, Messrs Mahonoy and Smiley having objected to the paper being laid on their ground. Of the ninety to one hundred equestrians only sixty started on the course. The first fence taken was at the Collegiate School, Campion leading on his pony, which was jumping splendidly. Hence tho huut led throngh Mr W. H Watt's paddock, where post and rail and furze fences had to be taken ; out through gate into Avenue, through Worgau's pro perty, where ditch and ditch and bank were jumped, soveral horses baulking, and Kil gour on Meteor flashing on the ground ; thence across Aveuue again into Dr Earle's, jumping drain and four-rail fence,' and thenco into Robertson's where two post aud rail fences had to be taken to pave the way to Kawling's hotel, whore the first part of the proceedings terminated, and a halt was made and " whistles wet." Up to this point about 45 riders had crossed the fences, some 16 in number. 