BY ELECTRIC TELEGRAPH.

Evening Star, Issue 3150, 25 March 1873, Page 2

BY ELECTRIC TELEGRAPH.

(From the New Zealand Press Association.)

Wellington, March 24,

The (Government have purchased the Rort Chalmers and Dunedin Railway on the following terms They acquire the L12 i: .()i)() of the Company’s stock at 1 6 5s per share, and take up the liabilities or debentures for LIOO,OOO, The total purchase money is 0175,000. The Company asked L 220,000. The full Cabinet will probably meet at the end of the present week. It is understood that Mr Vogel will accept the Premiership and reconstruct the Ministry. It is said that Mr Whitaker has been asked to join, with a seat in the Legislative Council,

Auckland, March 25.

The meeting of the South British Association was largely attended. Mr Beetham, Chairman of the Board of Directors, moved an increase in the capital of the company by the issue of 12,501) new shares, L2O each, 30s to bo paid up; 10s paid on allotment, and the balance within one month from date of allotment. The whole number of ne v shares not to be allotted before the Ist June, and the balance remaining unsold after that date to be retained until 24th March, 1874; after which date the directors to have power to dispose of such unsold shares at such premium as they may determine upon, not being less than the market price of shares at the time of sale, and that the premium received for the sale of 12,500, or such portion thereof as may be sold, be carried to a reserve fund. The motion was received unanimously. Mr Thomson, a representative from the South, offered no opposition, and expressed his thanks for the kindness shown him by the directors, and for the frank manner in which he had been received at Auckland.

A proposed change in the Customs is on the tapis. Mr Lundon, sub-collector at the Thames, is expected to be removed to the West Coast.