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Feilding Star, Volume XIV, Issue 24, 13 August 1892, Page 2

We have already commented on the favourable reports receiyed from London of the business of the Bauk of New Zealaud, aud later telegrams advise us that at a meeting of the shareholders of the Bunk the Hon. Sidney Glyn stated that the business of the institution was in a prosperous and healthy condition. He proposed to spend the English winter in New Zealand, and would embrace the opportunity of studying tlie bank's affairs. He also declared that the increased deposits in New Zealand overcompensated for the withdrawal of English capital. New Zealaud security, he contended, was the safest of the Australian colonies, and he hoped shortly to pay the Estates Company's debentures and substitute others at the lowest rates of interest. This is highly satisfactory to all concerned, and the statement of so high an authority on finance as Mr Glyn should have a most beneficial effect in the money market, From a return presented to Parliameut showing for tho last twenty years the value of the principal articles of export of New Zealaud products :—We quote the following figures, which are instructive as to the substantial character of the rescourcea of this couutry, wool, £65,397,580; gold, £22,811,365; grain, £ 12,217,240; flax, £1,650,278; kauri gum, £4,---848/296; butter und cheese, £1,579,---492 ; frozen meat (10 years), £5,433,---192; total £113,968,443. An average of nearly six millions a year. Wi; lwice with pleasure tli.-it quito a large Lumber of entertainm-nts of all possible kinds and descrip ions arc being organised throughout tho district, to liolj) the; Palmerston North

District Hospital. While we commend the go d feeling which actuates the promoters, yet w» think that before they make an appeal to the charitable, they should first obtain the permission of the Hospital Committee, and, also, their approval of the programme. This would be a guarantee to the public of their perfect bona^fiiles. The management of the Wellington ' Land Board business is apparently j j conducted on queer principles. To- i day a gentleman called on us and j showed that money sent had been placed to wrong accounts. He also gave numerous instances of the most inexcusable neglect and carelessness. In fact they were so bad the only suggestion possible to make is that Mr Bruce, M.H.R., be asked to move in the House for a commission to be set up to enquire into the affairs of the Board.