The inscription reads: "Wm Hughes Esqr, Mayor 1729 Won by Bull".
The arms are those of Hyde, probably of Norbury and Hyde, co Chester.
William Hughes was Mayor of Chester 1728-29; his sheriffs were Joseph Parker and Randal Bingley.
The Chester Races are the oldest in England, organized as early as 1540. The first prizes were silver bells, but in 1623 the bell was replaced by a silver cup valued at 8 pounds. From 1744 the Grosvenor family gave an annual prize of a gold cup until 1801, when the family ceased the practice and silver-gilt cups were used thereafter.
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