BY ELECTRIC TELEGRAPH.

Evening Star, Issue 3526, 11 June 1874, Page 3

BY ELECTRIC TELEGRAPH.

t Wellington, June 10. The rate of interest allowed on deposits in the Post Office Savings Bank will be increased on the Ist July from 4 to per cent, on deposits of L 200; and from 3 to 4 on LSOO deposits. At auction to-day, 375 Romney Marsh sheep were sold at 6s 9d per head, including lambs. Auckland, June 10. Tim Provincial Council carried by a large majority the motion confirming the desirability of the General Government retaining the control of the police. The Citizens’ Ball to the Governor was attended by over 400 persons. Gkahamsxown, June 10. The Thames Advertiser* has been publishing a series of disclosures about land jobbing. It has charged Mr Mackay with buying a large block of country for his own private benefit, when acting as agent for the Government for purchasing land. Mr Mackay has commenced proceedings for libel. The ‘Advertiser’ declined to retract, but repeats the charges and says it is'prepared to prove them, and also that the land is registered in Mr Mackay’s name. Chbistohuech, June 10. In the Provincial Council last night, the Treasurer made his Financial Statement. The balance in hand to September 30, 1873, was L 424.225 ; receipts since that date to May 31, L 542,152; total, L 966,377. Expenditure during the same period, L 316,390, leaving a credit balance on May 31 of L 649,986. The estimated receipts for the nine months ending March 31, 1875, were L 512.579, making, with the balance in hand, a total revenue of L 1,170,308. The estimated expenditure for the same period is L 1,113,412. The proposed expenditure on buddings, including L 46.976 for district schools, LIO.OGO for normal schools, and L 14.540 for public buildings, is L 123,004. The proposed expenditure on bridges is L 108,081; ditto on roads, L 51,874. The proposed miscellaneous expenditure, including L 6,400 for irrigation of plains and water supply, ig-Lyttelton, L 5.000 fOr planting, and L 8.496 for public library s ; for country districts, L 86,153. The proposed expenditure on railways is L 196,002. Theproposed expenditure on grants in aid is L 5,165. The Council has recommended the Superintendent to place a sum on the Estimates for continuing the geological survey of the Province’. • Napier, June 11, A motion for sending the Estimates to a Select Committee to revise was thrown out et night in the Provincial Council by 15 to 2.

Greytown, June 11. At a public meeting last night, a resolution was come to, to form a cottage building company.