TELEGRAPHIC DESPATCHES.
PER GREVILLE &CO., REUTER’S AGENTS. Dunedin, Thursday, 5 p.m. Suez telegrams say that the New Ze aland loan was negotiated at an ave age of £«S 15s. Hugh Glass is dead. Tenders are called for the commencement of the Clutha end of the railway. The Caledonia Compa y banked 17,235 ounces for six days, and expect a dividend lor the next fortni.ht of £44 per share. Shares have risen to £214. The excitement is intense.
Crawford’s hotel and store, Kakanui has heen burnt down. Xiie loss is estimated at -l. 1000.
The Mining Commission recommend a system whereby mortgages of mining property are to be registered in the Warden’s Courts ; that holders of miners’ rights should be a lowed to cut t mber for minim; purposes ; that agricultural lease rents he reduced tolsC , per acre ; that objections to the issue of a mining lease should he allowed to bo entered without the objector having to pay a deposit; that no mining interest should be forfeited by reason of the holder not holding a miners’ right; that persons not holding miners’ rights should be subject to a penalty of £10; that hoi ers of agricultural leases shall be compensated if races are taken through their laud.
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Bibliographic details
Dunstan Times, Issue 475, 26 May 1871, Page 2
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207TELEGRAPHIC DESPATCHES. Dunstan Times, Issue 475, 26 May 1871, Page 2
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