FAILURES IN WANGANUI.

Auckland Star, Volume II, Issue 497, 14 August 1871, Page 2

FAILURES IN WANGANUI.

STRANDING• OE TUB ' FAWN.'

GOLD DISCOVERIES AT THE BULLER

By the s.s. St. Kildti we Imve received later papers' from Wangauui. We tuke the following telegrams from the llerald : — WANG-AN U I. August 7. —The firm of Brewt-r mid "Dune,station owners and cattle shippers, is nimble to meet iti engagements. The liabilitieis are stated at £8030, and the assets at. £4000. The BiS. • St. Kilda hits been taken possession of by the Bank of New Zealand, -which h<id'a lien on it, and the meeting of creditors will be held in a few days. There is an unpleasant rumour Hint preference was given to a large creditor a short tirao since in" view of the failure.

August 4.—The cutter Fawn, attenij.tiig to enter the river this morning, was tliiren ushoro on the North Spit, whero she now lie*. It was blowing a gale at the time from the S.E., and when she got about mid-channel the heavy fresh that was running out at the time caught her bow and drove her broadside on, in a very short time. Capt. Davis informs uj he has every hope of getting her,off when the weather moderates, by discharging her timber. Aa the wind blows now, she is in rather a dangerous position! but wo hope she will take no harm. All hands are cafe.

August 6.—The Fawn still lies ashore (high and dry at low wator). Her owners have every confidence in getting her off by means of empty casks ancl tanKS", plenty l6f whinb have been conveyed to her by the Colleen Bawn. The cargo is all out, and these appliances are intended to be put in the hold to float her; it ii thoir only chance, and we hope it will be successful. A largo number of peoplo visited the wreck yoaterdayi I