Our Permanent Column.

Horowhenua Chronicle, 16 October 1915, Page 4

Our Permanent Column.

. * li'QTl READY REFERENCE. THE FENCING ACT. JfiIUSOTION OF FENCES. A fence of any of the kinds mentioned in the Second Schedule is a sufficient fence within the meaning of the Fencing Act -(5.7). The occupiers of adjoining lands aot divided by a sufficient fence are liable to join in or contribute in equal proportions to the erection of a fence t>etween such lands, although euch fence may not extend along the whole boundary line. But no occupier is liable to contribute to any fence which is not, m fa* ae prftotie&ble t continuous throughout ite length. THE RULES OF THE itf>AD. The Rule of the Road is a paradox quite; For in driving your carriage along, If you boar to the loft you are jure to go right, If you turn to the ripht you go wrong. But in walking the street* 'tis a different case; To the right it is right wou ehoald eteer, On the loft should be left enough of olear space Foi the people ffho wish to walk there. LEGAL TENDER. Tender of inonow may legally be made—in th'e cas cof bronze coins, for any amount not exceeding Iβ; in the case of silver coins, not exceeding 10s; in tli ecaso of gold coina for any amount, unless coined prior to th© reign of Queen Victoria (33' and 34 Vic. c. 10, sec. 4, and Royal Proclamation 22, Nov., 1890). Bank notes are now legal tender in New Zealand and are still a first charge on the assets ol the bank of issue ("Bank Note Issue Act, 1893 "' TWELVE O'CLOCK AT NOON N Z. MEAN TIME. As compared with— Adelaide 10 0 a.m. Aden 8 81 a.m. Alexandria 2 28 a.m. Amsterdam 0 50 a. mBerlin 1 23 am. Berne 1 0 a.m. Bombay 5 21 a.uu Boston 7 46 pm. Brindisi ... 1 42 a m. Brisbane , 10 30 a mBrussels 6 24 * tn.

NEW ZEALAND GOVERNMENT M 10s per cent. DEBENTURES.. Issue of 4i pw cent liiearer Debentures under the authority ol tho Finance ■ Acb, iyisj and pursuant to the Now, Zealand Loans Act, 1908, as amended by the New Zealand Loans .Anieudanent Act, liJly, to provide moneys for local expenditure DURING THE WAJi. PiUCE OF ISSUE FIXED AT £100 PER CENT. nPIHE Government oi Tiow Zealand -■- desires to place before the public of the Dominion this prospectus, shoving tho terms and conditions under wliich moneys may be invested on the security of the Public Revenues of New Zealand, to provide the funds necessary for local purposes during the present war. in view of the financial strain at present imposed on the imperial Treasury in providing money lor carrying on the war, the Government ol this country confidently aaks all .New Zealanders who can afford to do so to a&sisF the Empire by investing freely in these Debentures, and thus in a measure relieve the Mother Country oi the burden ol; having to provide the capital royuiired lor local purposes in Sew Zealand. Forms ol application may bo obtained from any Postal Money-order Office, >r from tho Treasury. Applications may be lodged at any Postal Money-order Office, at Treasury, Wellington, or or at any Bank or registered Skarebrokor's office in the Dominion. Applications may bo made for £u or any multiple of £'5, and for a currency of 5, 10, 15, 20, or 2.3 years, at the option of the (subscriber. Subscribers who .apply at a Postal Money-order Office may lodge amounts by chequo or in cash. if cheques are forwarded exchange must be added where payable. in oases where application is posted direct to Wellington, the lodgments must bo first paid in to tho "Public Account" at any branch of the Bank uf New Zealand, and tlie bank receipt must in such case bo forwarded to Wellington with tho application. Applications for sums not exceeding £5000 must be accompanied by tho total (subscription or Bank receipt for tlie amount, and applications for sums in excess of £5000 must be accompanied T jy a deposit of 10 per cent., balance payable on allotment. Allotments will bo made by the Controller and AuditorGeneral. In the case of default in payment of the balance the deposit previously paid will bo liable to forfeiture. If no allotment' is made the deposit will be returned.

Interim receipts will be issued on lodgment, and will be subsequently exchanged for Debentures. The Debentures will be issued with interest coupons attached. Interest will ho payable half-yearly on presentation ot coupons at a Postal Money-oidor Office, or at the Bank of New Zealand, or at the Treasury.

Interest will be computed from tlie lOuh October, TUlu, and will be free ol income-tax. An annuial Sinliing Fund is established to provide lor the redemption ol the, •Debentures. •Tlie Debentures will be issued in denominations of £o, £25, £50, £100, LdOO, £1000, or in such higher denominations as may be agreed upon with the Treasury, and will be made payable to bearer. Debentures will be repayable at- par at the Treasury, Wellington, or at any office of tlie Bank of New Zealand in the Dominion on their duo date. Banks and registered fcJharobroKei's will be allowed it commission of 5s per JJIOO on allotments made in α-espect o! applications received iroui \tem direct, and wliicli bear their stamp, and are forwarded tx> the Treasury or to tlie Post-offices under cover of" tho form provided. Covonng-lorms are obtainable from the Post-offices. Commission will be paid alter allotment, and ■will not be allowed on conversions or on transfer of moneys now on deposit with tdio Post-office Savings Banii. Tho Debentures are Uovemment Securities in wliich Trustees are authorized to invest Trust Funds. Applications will close at tho Treasury on Oth. November, IUIS, but tho Government reserves tuo right to closeat a prior date or to extend the period at its option. In case of ovor-subscription tho Government reserves tho right to doflino any application, in whole or in part, as it may determine. Interest will not be paid in of any amounts forwarded with applications wliicii are declined. Conversions. Holders of Government Debentures issued under the New Zealand Loans Aot and maturing on ore before the Ist December, 11)10, will have the option of converting into li per* cent. 1915 Debentures at par if application is made to tho Treasury on or before the mil November, 1915. The interest under the new debenture will take effect after tihe coupon lor tho tnen current half-year under the old debenture has been paid. PbSX-OKFICE SAVINGS-HANK DEI'OSITS. Persons who now have money deposited in the Post-office Savings-banks may purchase 4* per cent Debentures by means of transfer. They muet apply on or before the 6th November, 1915, to tJie Postmaster in charge at any Postal Money-order Office within tho district in which their account is open in order that tho requisite transfer may bo made. Interest at 41 per cent under the now debentures will date from tho 15bh October, 1915. 'Tiio forms of application and transfer may be obtained at the Post-offices. 12554 int.