THOUGHTS OF THE TIMES.

Hokitika Guardian, 7 April 1931, Page 4

THOUGHTS OF THE TIMES.

FIDUCIARY INFLATION. Fiduciary signifies “without securities" or “uncovered,” and the fiduciary loan is one which is made on the honor and good faith of the borrower, without deposit of securities and without cover. Mr Theodore’s £18,000.000 will he fiduciary in the sense that they will not have behind them any gold cover nor securities. Conseouently, it will be pure inflation. That Mr Theodore and Mr Scullin recognise the issue as being pure inflation is evident from ther announcement that it is their intention, ultimately, when times improve, to issue loans in Australia by the proceeds of which the fiduciary poles will be retired. —Syd ney Telegraph.

Boys and others, collector of Anlath cigarette certificates can receive cash for same at the local Dairy Factory. ►Seta-son's -euj. lire touri| iments commence at St. .Mary’s Cluu tin’s (Tuesday) evening at 8 o'clock. Admission Is.—Advt. On -Sunday evening a young man ■Jack Min toff, of Runanga, riding a motor cycle ran into a pedestrian and .vas thrown and knocked unconscious. He was removed to the Grey Hospital .a a serious condition. Whilst proceeding in a ear Trout Greyim.i'th to his home at Millerton Mr Baxcrulale was ..struck on the face by a large rock which came through the hood of the ear. at Batty’s Mill. Mr llaxondale’s nose was lnelly smash ed, ami he received other facial injuries. The body of William Morris Spiers, who, wii.li Charles Morris Lynch, was drowned in. a boating accident on the Bullet* River below Murchison on March 15 was found on the- Fairdown Beac-h on Saturday afternoon. What is believed to he a New Zealand record was created at the Beaumont Facing Club’s Meeting, Otago, on Saturday, when .T. Doolov rode the winner of each of the six galloping events on the programme. There will be a gav crowd at the Black Hand Society’s dance in the P.S.A. Hall to-morrow night. Old time arid modern dances, Streamers and confetti. Music of the Society’s Orchestra, which will he augumented by some Christelmrc.lt lady members, who will supplv extras and songs at the piano. Admission Is (Id.—Advt. The setting apart of 15,000 acres of Crown Lands in Westland as a provisional State forest is notified in the latest Gazette. The chief block is in the Terainakau Survey district and is hounded. by tlie Canterbury Land district, the Otehake river, and by aprovisional State forest already existing. The scene of the lire at tlie racecourse lias been visited by a rg-* number -during Saturday, Sunday and yesterday. There has been extitmif re-fret expressed on all sides ai the loss of the Substantial structure, which is such a very serious and” almost irreparable loss to the Westland Racing Club. The weather cleared on Saturday and the day was fine. Easter Sunday was also a very pleasant autumn day, with the sun of very genial warmth all day. Hi the evening the sky clouded over aiwl there were showers at intervals from nine oeloek. Easter Monday broke very threatening, and light rain fell at intervals for some hours, but after 11 o’clock the weather was fine for the rest of the day. The death occurred at his home, Alford Forest Hoad, Ashburton, on Thursday, after a long illness, o t Mr John Lane, of Lane, Walker and Budkin, proprietors of the Ashburton Wool-den Mills, and formerly one or tlie owners of tlie Tipiaj-u Mills. ?.e was the father of Mr A. B. Lane, manager of the United Press Association. Deceased was born in Tillicoultry, Scotland and was in his 82nd year.

The damage to the Hokitika railway bridge two spans at the centre channel was not nearly as serious as at first reported, and the trains were able to run as usual ou Saturday, The two piers affected by the scour will it is understood he strengthened later by the driving of a couple of piles. The large amount of drift wood that came down during the flood . on Thursday night, and some of which was blocked between the piers at this portion of the structure, piling up ‘ogninst the piers lmd a good deal to do with the damage as there was an extremely heavy pressure caused by the holding back of the flood waters.

In spite of the very heavy rain on Thursday and Friday and early on Saturday morning, the drying wind and sun enabled the howling green to recover to such extent that play was possible in the afternoon and was in better order than could be reasonably expected under the circumstances The season is now drawing to a close, and though play may continue at the week ends while the weather conditions remain suitable, the services of the caretaker will be dispensed with at the end of the week as far as the daily outing and rolling is concerned.

A few of the bargains to be lmd at the Economical Crockery Shop Sale: glasses 4 for lid, smaller size 5 for Is, pudding basins from Gd, bread and butter plates 2d each. Large cakes of sand-soap 3 for lOd. Call and inspect to-day. —P. Stephens, proprietress.—Advt.

Mattress ticks made up ready for filling. Single bed from 9/6, double bed. from 12/-. Kapoo mattresses, single bed from 29/6, J-bed from 38/6, double, bed from 48/6, also double ticking 2/6 per yard at Frank Bade’s. Advt.

Big reductions in Jam Jars and Preserving Pans at the Economic Crockery Shop Sale, lib jars 1/11 { dozen, 2lb jars 2/11 {-dozen, 1 qt, jars 3/11 {-dozen, 2 qt. jars 5/11 {-dozen. Call to-day and inspect.—P. Stephens, Proprietress.—Advt.

A few drops of “Nazol” on your handkerchief every morning will protect yon from colds ah day. Take this scientific precaution right throughout the winter. Economical double size contain® 120 doses for 2s Bd. Adrk.