DUNEDIN NOTES.

Cromwell Argus, Volume IV, Issue 204, 7 October 1873, Page 6

DUNEDIN NOTES.

By O.P.Q, The prospectus of the Walton Park Coal and Pottery Co. has been issued, adding yet another to the numerous list of companies floated during the past few months. The object of the Walton Park Co. is the working of the well-known coal-pit at Green Island, where, under the management of Mr Pollock, extensive operations have been carried on for some time back. The capital of the company is fixed at £28,000, in shares of £1 each, although it is at pr»wmt intended to. call up

only 7s. 6d. per share. The pit is at present down between 200 and 300 feet, and the coal procured from it is of a superior quality. The price given by the provisional directors for the property on behalf of the company is £4600, this including the very complete machinery and other requisites in connection with the pit. Shares are already being numerously applied for, and as everything is in working order, and working proceeding without interruption at the mine, the investment should meet with favour at the hands of the public. In addition to the coal business, it is intended to enter in a systematic manner into the manufacturing of pottery, a valuable seam of fire clay having been found on the property. The City Council, at its meeting on Wednesday, had again under consideration the offer of Messrs Webb and Fulton to lay a tramway from Princes-street to the Water of Leith. The Public Works Committee recommended that the offer be declined ; and the Council agreeing with the Committee’s recommendation, decided against the adoption of the street tramway system in the city. It seems probable that we shall ere long have a Town-hall added to the many fine buildings which Dunedin already possesses ; and judging from the unanimity which prevailed among the City Councillors when Cr. Reeves’s motion was brought forward affirming the desirability of expending the sum of £20,000 in its erection, it will be a building not excelled in the Colonies, except by the Melbourne Town-hall. A Committee of the City Council has been appointed to make all necessary preliminary enquiries, and afterwards to report to the Council. Another new building which is to be proceeded with immediately is the Temperance Hall. The site chosen is in Moray-Place West, and the building is to cost about £2OOO. The Temperance Advocate of the present month urges upon the members of the various societies in the Province the necessity of their taking an interest in the proposed building, and making application for shares in the company by which it is to be erected—(the Temperance Hall Co., Limited) —pointing out that as a license has been granted for the refreshment rooms of the Friendly Societies’ Hall (Queen’s Theatre), there is a double necessity of a building being erected to meet the requirements of the various Societies in existence for the furtherance of temperance principles. South British Insurance shares have slightly recovered from their depression consequent on the advent of the National Co. Auckland quotations are only £2 2s. 6d. to £2 55., but I heard of a parcel of thirty having been sold in Dunedin during the week at £2 10s. We have had a return of wintry weather of the most dreary description. For the past week cold biting winds and driving sleet have been prevalent, and this too with the fruit trees white with blossoms. It is to be hoped that this is the finishing touch of the winter, for we have certainly had a fair share of wet for one season.