NEWS OF THE DAY.

Globe, Volume XX, Issue 1491, 26 November 1878, Page 3

NEWS OF THE DAY.

Erratum.— By mistake our last night’s Auckland telegram was headed “Per Press Agency,” it was from Our own Correspondent, Forestry.—An adjourned meeting will bo held by those interested, at the King-ton Arms, Sydenham, to-morrow eveuing at 7.30, to form a new court. Lyttelton Orphanage. The railway authorities have kindly promised to allow all parcels sent by rail for the proposed orphanage treat on Christmas Day, to bo carried free of charge. Boao’s Strings.—The visit of councillors to Boag’s springs, for the purpose of testing the water supply there, has been postponed until next week. The exact date will bo decided at the next meeting of the Council, to be held on Monday evening next. The Lyttelton Accident.—An error occurred in the report of the death of Handcock, the keeper of Quail Island Quarantine Station. His name is Charles Henry, not Thomas, and the sheet of the sail was adrift when the boat was picked up. City Council. —An adjourned special meeting of the City Council was held lust evening, when the by-laws in reference to hackney carriages were further considered. The Council afterwards proceeded to the consideration of ordinary business, and at ten o’clock adjourned until Monday. Tiik Brighton Hotel,—Mr D. McGuinncss has become the proprietor of this hotel, and no doubt it will continue to be well patronised by visitors to New Brighton during the summer months. The hotel has lately been thoroughly renovated and made suitable for boarders. Forgery.— A young man named Edward McKenna was arrested yesterday at Ashfield’s station on the Waimakariri, charged with forging the name of Walter Moody to a cheque with intent to defraud the Bank of New Zealand, at Kaiapoi, He is also charged with passing the same to the licensee of the Mandeville Hotel, Kaiapoi. He will be brought up this morning the Magistrate’s Court, and remanded to Kaiapoi. Cabteb’s Lane —At last night’s meeting of the City Council, Cr. Ick produced a letter from the city solicitor, containing an opinion that the cost of forming Carter’s lane might be recovered from the parties who had expressed their desire to have the work done. The consideration of the letter was postponed till the next meeting of the Council. The Late Mb F. W, Teschemaker, M.H.R.—The funeral of the late member for Gladstone will take place at Timaru this afternoon, leaving St. Mary’s Church _at 1.45. Christchurch friends who may desire to be present can do so by proceeding by the 845 a.ra. express train. A special will leave Timaru after the funeral, to arrive in Christchurch before 9 p.m, Sumner. —This favorite place of resort is showing signs of rapid improvement. Several new houses are now finished and occupied, and the new hotel is commenced. Nay land street, which runs from the Post Office, by Morton’s Hotel, to tho far side of the valley, presents a nice appearance, having received its first coat of broken metal. Tho street is well defined by fencing now being erected. There is little doubt that a prosperous future is in store for this picturesque watering-place. Messrs Bain and Warner are busy boring for an artesian supply, using the patent water auger, and are sanguine of success. If a supply is obtained the principal drawback to Sumner’s popularity will be removed. Theatre Eoyal.—There was a very good attendance at the Theatre Eoyal last night, the occasion being tho benefit of Mr George Geddes, tho business manager of the Theatre. A special “ bill ” was provided, comprising a capital comedy drama, entitled “Paper Wing,” by Watts Phillips. The piece went very well, the several characters being effectively represented. Tho performance concluded with the screaming farce “ Stage Struck,” in which Mr Walton sustained the character of Tom Tape, with imitations of popular London vocalists, the fidelity to their several styles being recognised and appreciated. The company leave this day for Wellington by the Southern Cross, and will bo absent from Christchurch for several months.

Inquest.—An inquest was held yesterday at the Sumner Hotel on the body of Herbert Richard Lough, who was drowned in the estuary on the 13th inst. From the evidence given by the various witnesses, it was shown that on the day in question the deceased, who was in the employ of Messrs Death and Co., Cashel street, was boating in a stump outrigger in company with three fellow employes, named Malcolm, Delamare, and Trigg. When at the junction of the estuary with the Avon, the boat was struck by a squall and upset, precipitating the whole party into the water. Delamare saved himself by swimming to the shore, and the other three clung to the boat, which was bottom upwards. In consequence of the boat turning over the deceased lost his hold and sank at once, his body being recovered yesterday near Fisherman’s Reach. The jury returned a verdict in accordance with the facts.

New Hotel. —The plans of a new hotel, to bo erected by Mr John Toovey, at the junction of Barbadoes street and Oxford Terrace, are now completed. The building will be 155 feet long, and fitted with all the most modern conveniences. One end of the hotel will be especially set apart for private families, and is altogether away from the bar, billiardroom, &c. The building is to bo of brick, covered with cement mortar, and is to stand upon concrete foundations. It will altogether contain fifty-one rooms. On the ground floor will be two diningrooms, three sitting rooms, two parlours, together with smoking room, reading room, bar parlour, kitchen, scullery, two bath rooms, luggage room, &c., &c. In the upper floor there are to be five sitting rooms and twenty-two bedrooms. The passages and staircases, of which latter there are three, will be very wide. The rooms down stairs are to have a height of fourteen feet, and upstairs of twelve. The diningrooms are to be twenty-six feet by twentyone ; the reading-room seventeen feet by fourteen feet; the smoking-room seventeen feet by fourteen feet; and the billiard-room twenty-seven feet by twenty-one. Upstairs, facing the river, there will be a balcony, to which access will be gained by the French windows opening from the sitting and bedrooms. Should Mr Toovey get a license for the hotel, he has expressed his intention of giving £IOO towards the proposed bridge at Barbadoes street.

Cbicjcet. —Tlio match M.C.C.C. v Woolelon who commenced on Saturday. The Wcolston team went in first, and ran up 78 quickly, five of them getting into double figures. 'The M.C.C.C. were not got rid of till they had compiled 171—Whitcry, 56 (not out), Thompson, 50, and L. Cohen, 21, being the principal contributors. The first-named went in second wicket down, and played a most careful and patient innings, but, like nearly every other batsman on his side, ho was lot off by the umpires and fieldsmen. Coben played in excellent stylo for a youngster, and gives promise of furnishing into a capable batsman. Neither side played their strongest team, and the bowling of both was weak. Atack, six wickets for 31, was the best for the M.C.C.C., and Hailey the cheapest on the other side. The match will bo finished on Saturday.—ln the match Melville liouso C C. v Second Eleven of the Eastern C.C.,’played on Saturday, 23rd inst., the former made 65, and the latter 80.— A match between the Ifagley Oak Loaf Club and the M.C.C.C. was commenced on Saturday last, on the ground of the former, and has so far resulted in favour of the 11.0.L.C.C. The M.C.C.C was first at. the wickets. They were all disposed of for 46, 4. Horner contributing a very careful not out innings of 28. The Ifagley Oak Leaf next went to the wickets, and were disposed of for a total of Bi>, E. 11. Turner 35, and J. Gibb 11. The M.C.C.C. commenced their second innings, and when the stumps were drawn, hud five wickets down for 21. Tire bowling of Arthur Johnson and J. Wheatley for the Hagley Oak Leaf was very effective, and the bowling of Fidrhurst for the M.C.C.C. was also good. The match will be continued next Saturday.— A match was also played between the if agley Oik Leaf and Sunnyside Clubs, on the ground of the latter. It resulted in favour of the Hagley Oak Leaf by 13 runs. Ihe scores were—Hagley Oak Leaf, 100 ; Sunnyside, 87.

The Glasgow Bank— The London “Times” ' of October 7th says“ Wo aro glad to L able to state that the position of the City of | Glasgow Bank is again better than it was at first thought to be as regards the nature of the assets. The property belonging to the largest debtor, whose liability to the Bank is £2,200,000, consists of land in New Zealand of the first quality valued at £1,300,000, and the balance is covered by wool. Wo believe wo can state that the Bank will lose nothing in this case, but the realisation will of course take time, some few years probably. The Australian merchants, Messrs Potter, Wilson and Co., whoso inability to meet their engagements has already been announced, are put down for about £160,000. Their assets are said to bo very fair, and it is stated that they will be perfectly well able to pay. New Zealand land and wool also_ cover their engagements. The black spot in this business is the London firm whose name we have already given with their Indian connections. If it were not for this, the charge, so far as is known against the managers of the Scotch Bank would be to a great extent that of having entered into engagements which were not banking business at all, by which they had locked up inland and other things the depositors’ and shareholders’ money. Many persons think it very strange that the price of the Bank’s stock could have been maintained at £237 and £238, not far off the market value of the Bank of England stock, when the institution had for years enj lyed but doubtful credit. Some explanation of this circumstance will perhaps be forthcoming when it is ascertained of what the reserve fund consists or did formerly consist. The index to a Bank’s credit in the public market is the price of its stock or shares, and, judging from what has come to light concerning the management, it is feared , that the use which is said to have been made of some of the reserve fund is not incorrect. 1 Failing some such support as this having been given to the stock, it is a marvel how the price was maintained.