MINING.

Evening Star, Issue 14931, 18 July 1912, Page 6

MINING.

THE SHARE MARKET. DT7NT.DIN EXCHANGE. Sales on 'Change : Westport Coal, 28?. Sales reported : National Insurance, 395, 395. Quotations: —Dredging.— Electric —Buv A!, sel 5/6. Masterton—Sel 9/. Sailor' 6 Bend —Sel 5/. —Sluicing.— Muddy Terrace—Sel 17/. Roxburgh Amalgamated (paid)— Buy 1/. sel 3/9. Nokomai Hydraulic—Buy 19/. —Quartz.—r Consolidated Goldfields— Sel 14/. May Queen —Buy 1/, sel 1/3. New Zealand Crown Mines—Sel 2/9. New Sylvia—Sel Bd. Old Hauraki—Sel 1/9. Talisman Consolidated—Sel 39/6. Waihi—Buy 35/6, sel 36/9. Waihi Grand Junction—Buy 21/9, sel 22/6. —lnvestments. National Bank of New Zealand (ex div.) —Buy 119/. Bank of New Zealand—Buy £ll, sel £ll 6s. National Insurance Company—Buy 39/. Standard Insurance Company—Buy 31/3. Union Steam Ship Company—Sel 46/. Westport Coal Company—Buv 27/. D.I.C. (ord)—Buy 22/9, sel 23/3. Donaghy's Rope and Twine—Buy 24/9. Empire BuildLngs—Sel 24/. Milburn Lime and Cement (£1) —Sel 39/6. Mosgiel Woollen Factory—Buy 67/. New Zealand Drug Company, Limited (£2)— Buy 50/9. New Zealand Portland Cement—Buy 25/. New Zealand Paper Mills—Buy 21/6. Ward and Co.—Buy 102/6. Wright, Stephenson—Buy 110/.

THE IMPERIAL SYSTEM; « —_i_ CANADIAN PRIME MINISTER SPEAKS. FRI ENDLY~ORITICISM. Press Association—By Telegraph—Copyright. TONDON, July 17. The Prime Minister of Canada (the Hon. Mr Borden) was the principal guest at the inaugural banquet of the Empire Parliamentary Association. Mr Asquith, in a letter apologising for his absence, said the fact that many oversea parliamentarians were joining such an association showed that the founders bad performed valuable work. Mr A. Lyttelton, who presided, said that with many of those present -the supreme idea for years had been the Imperial Navy, and alongside it a voice and influence in the councils controlling the Empire's foreign relations. Mr Borden, in responding to the toast of "The Oversea Members," dealt with the anomalies in the Imperial system. He said the British Parliament was no longer Imperial in its highest sense. Its composition was determined mainly by domestic issues with which the dominions had no concern ; yet it controlled the Empire's relations and destinies. This condition was a little open to criticism. For a long time the sea supremacy, which had not been challenged, had been maintained by the British alone, because the dominions of the Empire were wards ; but the time was at hand when they would be callod on to take a reasonable and legitimate share in safeguarding the Empire's existence. Needless to say, in the time of peril every dominion would respond not less loyally and earnestly than tho Motherland. One realised, however, that when the day of peril arrived the day for effective preparation would perhaps have passed. Those accepting a share in the responsibility and security of the Emphe most no longer be considered as wards by the self-constituted guardians. Canadians would never willingly accept such conditions. The next 10 or 20 years would be critical, and possibly decisive in the Empire's history. God grant that they would never have cause to regret that their opportunity was neglected and dead.