Manawaiu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on the West Coast. THURSDAY, JUNE 24, 1886. OUR COMMERCIAL PROSPECTS.

Manawatu Standard, Volume XII, Issue 1742, 24 June 1886, Page 2

Manawaiu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on the West Coast. THURSDAY, JUNE 24, 1886. OUR COM M ERC IAL PROSPECTS.

"• ' j.C'; At the last meeting ot the Canterbury Chamber of Commerce the President, Mr G. G. Stead, gave an exhaustiye address, m which h« reviewed the trade of the world, especially m connection • ! with Great Britain and th», Colonies, ! and with regard to the wool and wheat. : Mr Stead concluded aft follows :— " la however, of the continuediaepres. siori, and m spite of the persistently low range of prices that continue to rule m England, I still venture to predict that before the years 1886 and 1887 end, w« shall have eeen a decided riso m the price of wheat from its present low level. Summarising the position, I think the period of acute depression and. sharp Buffering is over, and that our trade has reached a sound, thorough and quiet Rtnge, and I also trust now that Values have been readjusted, and we have, so to speak, attuned ourselves to our altered circumstances, that we •hall shortly lie able to participate m th« revival which is so generally expect-, f<J py Bngtofe »p4 AwtrlQtn flnwwltnV 1 1

The Hospitals and Charitable Institutions BiH, introduced into tbo Legislature by the Premier, is to supplement the Act passed m the last tcssion, and to remove doubts hp to the administration thereof* Clause 2, m relation to destitute children, declares and defines tho liability of District Boards as to their maintenance, aud gives power for the raising of a supplementary contribution to cover the cost when provision has not been made for the purpose. Clauses 3 and 4 increase the subsidy to 24s per pound on •volant <ry contributions and on moneys levied by a general rate, but appoints a pouud only as the subsidy if a speciaV rate is levied. Grants from local to 'separate institution^ are not to bo subsidised, as entailing a double subsidy from the Consolidated Fund m respect of the same amount. Clause 5 permits advances on account of subsidy m anticipation of collection of revenue by any institution. Clause 6 authorises the payment of salaries and travelling expenses. Clause 7 regulates the appropriation of surplus funds m any year to the credit of the following year, but provides that investments heretofore made are not -to be released except by permission of the Governor for extraordinary objects, the annual income meanwhile to go to credit of administration fund. Clauses 9 and 10 define more specifically the duties aud powers of united Boards for purposes of administration, and declare the power of such Boards to collect contributions. Clause 15 is m sulistitntion of section 82, which was inoperative. . " The', Public Reserves Act, 1881," does not authorise the granting of any reserve — this clause cartiee out the orjginal intention of the Legislature. The other clausc.H of the BiH consipt of technical amendmohti.

A Marion Sriri lias . had jn 'gment rendered against them for selling as sparrowbill oats what turned out ft differ ent ikind \ altogether. . The sR. M . . said, thvat, he concluded tj^at the contract between the parties was for the express sale of what were called sparrowbill oats. That contract was not fulfilled. He was of opinion that the firm honest* ly believed they were sparrowbill oato, apdj they were gold as: such. (He thought the representation made was a special representation and amounted m law to an express warranty that the oats sold were uparrowbill oats.. This was, therefore, a breach of contract and the plaintiff suffered damages m conseqnenco. As to the amount of damages Hie Worship assessed -it at 50 acres, calculated to yield 10 lnWhels per acre, at In 9d ger bushel, amounting to £43 15s. From this had to be deducted the expenses contingent on placing the oats m the market, that was to say the carting, threshing, baggiag, etc. E« would therefore strike out £3 16s, and give judgment for plaintiffs for £40 and costs. His Worship remarked that he understood the firm purchased these oats for sparrbwbills, and he only hoped they would be able to recoup themselves for their loss. •