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The shipments of gold from this port still continues to keep up the mark. Of gold, produced in our immediate neighborhood, we notice, that per s.s. Claud Hamilton, 7000ozs were shipped. Tha aggregate amount sent away by this steamer, from this port alone, amounts to lljOOOozs. — fFest Coast Times.

An action to recover £1000 damages for false imprisonment, has been commenced against Mr. William Hutchinsou, newspaper proprietor, of Wanganui. It appears that Mr. Hutchinson obtained a judgment for £11 odd against Mr. McMivn r who refused to pay, as be believed be did not owe the money. A warrant was obtained, and Mr. McMino was . lodged ia jail on Saturday last. He paid the money, however, soon after, and was released. Certain receipts have been since found, which reduced the amount owed to £3 3s. 7d. — an amount for which he could not be imprisoned .

The Sydney Morning Herald, in its summary article for the homeward Suez mail, says : — " The outbreak of the war in Europe will probably have some influence upon our fiscal policy. It was part of the treasurer's intention, not only to borrow some more money, for various public undertakings, but also to consolidate the public debt. This policy .was framed at a time when money was still cheap ia Europe, and when Colouial securities were in good favor and easily marketable.

But with war, and the fear of a greater war, the money-market is sure to be disturbed, aud the colony will not be able to reckon so securely as before on obtaining at a moderate rate of interest the money it may wish to borrow. War means waste, and waste means debt, and belligerent powers, when the fighting stretches beyond a single campaign, are sure to be borrowers ; and, as they must have what they want, they must give a corresponding price, and they raise the value of money against all other borrowers. In this way the peaceful colonies have to pay for the European ambition for territorial greatness." The coal mine up the Hokitika is turning out quite equal to expectation. The miners have followed a well-defined seam down for twenty-five feet, where it is fully five feet six inches thick. In consequence of pleuro-pneumonia having broken out in various parts of Otago, the crossing of cattle over the Waitaki from the South is rigidly prohibited by the Superintendent of Canterbury. Baxter, in his celebrated prophetical work published some years ago, predicted the downfall of the Emperor Napoleon ("Apollyon") in the year 1870. For remainder of News see Fourth page.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/NEM18701003.2.9

Bibliographic details

Nelson Evening Mail, Volume V, Issue 233, 3 October 1870, Page 2

Word Count
426

Untitled Nelson Evening Mail, Volume V, Issue 233, 3 October 1870, Page 2

Untitled Nelson Evening Mail, Volume V, Issue 233, 3 October 1870, Page 2

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