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Nelson Evening Mail, Volume VII, Issue 39, 14 February 1872, Page 2

An Association has been formed in London, having for its object tbe peaceful continuance of the monarchical system in Britain. The Hawke's Bay Datives have been opening a Native School in a characteristic manner witb a grand lunch. It consisted of turkeys, geese, fowls, pork, beer, port wine, gingerbeer, and brandy. After so heterogeneous a mixture we are not surprised to find Mr. Locke stating in a speech that Hobbs a Maori lad, who was in Napier some years,..is now a sharebroker at tbe Thames, and is receiving £1,000 a month for his dividends in mines. Mr. Locke must have seen more than double upon this occasion. A Maori boy in possession of £12,000 a year! These be wondrous times. Banking- in New South Wales. — Profitable as. banking is in Victoria, writes a correspondent of tbe Australasian, I think they can heat us in Sydney. The Commercial Banking Company there, I observe, at theclose of last half-year declared a dividend at the rate of 15 per cent, per annum, capped by a bonus of ss. per share, with an addition of £10,000 to reserve fund, after which a larger amount was

carried forward than was brought over from previous half-year. Its £25 shares are at £60 or thereabouts. And in illustration of the advantage of numerous moderate-sized accounts, I was told on the best authority, a year ago, that the bank hado't an account in it 3 books by which it could, by any possibility, and under the worst circumstances, lose £10,000.