TELEGRAMS.

Hokitika Guardian, 10 December 1920, Page 3

TELEGRAMS.

(PER PRESS ASSOCIATION.--pOPVBIOHT.i THE NEW LOAN. WELLINGTON, Dec. 7 The Prime Minister said to-day that reference had been made in some newspapers to the sales of the new loan stock at prices below the issue value of the loan. These transactions were all known to the Treasury, and he hoped, in a few days, to publish the amounts involved. Ho could not, of course, divulge the names of the persons concerned. It would be found, however, that the amount of the sales was quite trifling compared with the amount of the loan.

An interesting feature of the loan flotation, which had been reported to him by the Treasury,, was tne large number of men of comparatively small means who were taking an interest in the loan.

CATHOLIC SCHOLARSHIPS. AUCKLAND, Dec. !). The result of the examination for the North and South Island Scholarships at. the Sacred Heart College, Auckland, were announced to-day. The scholarships are of an annual'value of sixty pounds, and are tenable for four years. The winners were:— North Island.—P. Soljack', of' Auckland. South Island.—K. Griffen, of Greymouth.

BANK OF NEW ZEALAND. FURTHER PARTICULARS. WELLINGTON, Dec. 10.

At the half yearly meeting of shareholders of the Bank of New Zealand this morning in the absence of Mr H. Beauchamp, Chairman of Directors, owing to illness. Mr J. H. Upton presided. An interim divdend of 83 per cent, was declared payable at Wellington tomorrow and at branches on receipt of advico. The Secretary of the Board read the address prepared by Mr Beauchamp. Mr William Watson the retiring director was re-elected unopposed. In returning thanks he stated the directors had pleasure in announcing they would give an additional bonus to the lower paid officers whose salaries were not according to scale.

fatal collision. MASTERTON, December 10 John Cooper, aged 51, died at "c hospital early'this morning, as the lesult of a collision with n iiiotor ear last night; He was riding a bicycle, coming into Masterton, when the collision cured. He was a butcher hv trade, single, and formerly resided at Auckland ; A HORSE TROUBLE. • HAMILTON, December 10. At the Supreme Court, Frank M ■ • ley, sued John Hetit for possession of the racehorse Tumaroa, which recen'y disappeared from Te Aroha, and £3OO alleged damages. Hetit counter claim ed £2OO, alleged damages for wrongful .detention. Morley claimed that he leased the horse to Hetit for two year® and was to receive half the winnings. Hetit claimed that the horse was g'vcr him unconditionally by Morley. The Judge commented strongly at one sia,.e on Morley’s evidence and said it was a dishonest thing to claim possession when he admitted under pressure of cross examination that he knew the whereabouts of the horse having revived possession of same at 4.20 on >ne morning of its disappearance. The. Judge also asked Morley how could he be expected to believe his evidence, when he admitted telling this to people. The jury returned a verdict for Hetit in both eases. Hetit is to receive the horse. No damages were awarded. TIMAIMT WOOL SALES. TIMARU, December 10. The first wool sales since the. commandeer, was held to-day when 1757 bales were offered by five firms. There was a good bench of buyers but competition was restricted, and a large percentage was passed. The best demand was for half-bred, which reached to 13d. The following is the range— Merino, 15d to 16d; half bred 8d to 15d; three-quarter-bred 5Jd to lOd j cross bred 4Jd to 7jd; Corriedale; Kl/d to 12d; Southdown 13jd, Bellies 5d to lljd pieces, Merino 5i to 12d; half bred 6}d to 7Jd; Oorvjedale, 9id; threequarterhred 6d; Looks, 21, crutchings 21d to lOd