"The history of the Cup dates back to 1861, the resultant brain child of Captain Frederick Standish, one time VRC Chairman and former Chief Commissioner of Police in Victoria. As a former member of the Victoria Turf Club he conceptually founded the great race with the club committed to offering modest prize-money and a hand beaten gold watch. The conditions for the race would state "a sweepstakes of 20 sovereigns" (starters)", 10 sovereigns forfeit" (acceptance) "or 5 sovereigns if declared" (nominated)", with 200 sovereigns added money." Flemington RacetrackArchived 21 September 2011 at the Wayback Machine
"The history of the Cup dates back to 1861, the resultant brain child of Captain Frederick Standish, one time VRC Chairman and former Chief Commissioner of Police in Victoria. As a former member of the Victoria Turf Club he conceptually founded the great race with the club committed to offering modest prize-money and a hand beaten gold watch. The conditions for the race would state "a sweepstakes of 20 sovereigns" (starters)", 10 sovereigns forfeit" (acceptance) "or 5 sovereigns if declared" (nominated)", with 200 sovereigns added money." Flemington RacetrackArchived 21 September 2011 at the Wayback Machine