TELEGRAPHIC NEWS.
+■ [from our own correspondent.] DUNEDIK. Tuesday, 9.10 a.m. The consent of the majority of the shareholders in the Waterworks has been obtained to the sale of the works to the Corporation. The price is £l7 103.; the original shares wore £l6. The City Council met last night, and decided to purchase. Lewis Tobias Stead was released from Gaol on Saturday, the Committee having paid the necessary amount of money. The Committee meet to-night to decide what further action shall be taken in the matter. The English mails were delivered in the town this morning. M'Lean'g motion in the Council providing that auriferous land should be sold as absolutely as non-auriferous was lost on a division by 23 to 4 votes. An amendment by Mr J. C. Brown, that all lands should in future bo leased only, and the deficiency in the rcvenuo which would be caused by adopting this course should be met by a proper income tax, was also lost on a division by 17 to 14.
The prospectus of a Paper Mill Company, with an influential Directory, is issued.
Tlie Provincial Estimates and BalanceSheet were brought down yestorday. The total expenditure for the year ending March 31, was L.404,066. Total revenue, L. 519,901. Balance in favour of the Province on March 31 was L.103,665 19s. lid. The following are extracts relating to Goldfields from the Estimates :
Four District Engineers, at L.350; six Wardens at L.500 ; five Receivers at L.325 ; Mining Engineer, L.500. Roads—Totals of liabilities on contracts, maintenance, and new works.—Rough Ridge to Dunstan, L.500; Dunstan to Cromwell, L.2870 ; Cromwell to Wanaka, L.300 ; Tuapeka to'Teviot, L.6400; Teviot to Alexandra, L.2490; Manuherikia River to Dunstan, L.880; Knrow to Wanaka, L.500; Cromwell to Quartz Reef Point, L.150, and to Bendigo, L.150; to Carrickton, L.350; to Nevis, L.400 ; to Cardrona, L.200 ; to Kirtleburn, L.250 ; Albertown to Pembroke, L.50 ; Arrow to Cardrona, L.IOO. Bridges.—Cromwell, L.1500; Gentle Annie, L.100; Lower Shotover, L.300; Upper Shotover, L.200. The total revenue for the ensuing year is estimated at L. 450,852.
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Bibliographic details
Cromwell Argus, Volume V, Issue 238, 2 June 1874, Page 5
Word Count
336TELEGRAPHIC NEWS. Cromwell Argus, Volume V, Issue 238, 2 June 1874, Page 5
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