The Jockey Club confirmed last night that American ace Gary Stevens would not be riding in Hong Kong after Saturday's pre-Christmas meeting at Sha Tin. And the world-class rider will also be forced to postpone his bid to ride in England and Europe next season. Stevens, America's leading jockey, had been granted a licence to ride here until after the Derby meeting on March 7 but was forced to relinquish it for personal reasons. The matter is understood to centre round permanent residency for Stevens' English-born wife, a matter which requires routine investigation by the US Government. The Jockey Club released a letter from Stevens in which he said: 'This matter was supposed to have been addressed by the end of the year but unfortunately the US government does not move that fast. 'Although it was my intention to ride here for the full three months, this issue has caused me to return home as well as postpone any assault on a European championship for the time being. 'I hope this has not inconvenienced anyone at the HKJC but I do appreciate their respect of my concern for my personal affairs,' added Stevens. 'I certainly hope the Club will extend me another invitation to ride in Hong Kong in the future.' Stevens wowed Hong Kong three years ago and his return had been eagerly awaited. But he was out of luck at Happy Valley last night where his best effort from six rides was a second placing in the fourth event on Seattle Sun. In the weekend's showpiece International Cup at Sha Tin he was just out of the placings, coming fourth on Magellan. One of Hong Kong's most famous racing colours will disappear into history later this month. Former Jockey Club steward, Eric Cumine, an octogenarian whose association with racing dates back to his days as a jockey in pre-war Shanghai, is selling his last horse, Money Come-In. Cumine has moved to London following a recent serious illness and his famous black and red hooped colours will not be seen again after Money Come-In goes for tender on December 30. The best horse Cumine raced was the champion Money Talks who carried all before him in the very early 1970s. He won the Champions And Chater Cup and was a regular ride for Australian jockey Leon Fox. Money Talks was his best horse but his most famous runner was Money No Object whose name is embedded in Hong Kong racing history. Money No Object, ridden by Henry Lee Hon-ming, who is now a trainer in Macau, won the first race run at Sha Tin in October 1978. And Cumine will be remembered for a glorious quote when the race was run and won. With a sweep of his hand round the packed Sha Tin race course he said: 'Could any horse be better named for such a race? Money No Object - what an omen bet.'