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In plain words

They watch all kinds of feats in the ring for a long while. A horse is galloping round the circular track, with an English lady standing on its back on one foot. At intervals there are big iron hoops in front. When the horse comes up to a hoop and runs under it, the lady leaps from its back through the hoop, and lands again on one foot on the horse's back! Round and round the circular track the horse gallops, and the lady stands on its back the same as before!