The Evening Mail. SATURDAY, AUGUST 31, 1878.

Oamaru Mail, Volume III, Issue 746, 31 August 1878, Page 2

The Evening Mail. SATURDAY, AUGUST 31, 1878.

The icv w ab.nt t> bo broken through, ami Oanarn is to be visited l.y .in Ksiirhsit vessol. thanks to the tnterpri »; of Messrs. I*. Cnnninghani ami Co. The Aiksha'.v sailed from Lyttelton to-day for O.nnani. ami it is expected that she will bo along-iii ■ early next week, notwithstanding the adverse wind that is now blowing. She is a new iron ship, this being her maiden trip, draws lt» feet of water when loaded, and . will carry away with her 980 tons of cargo May she be the precursor of more energetic ami self-reliant commerce for Uamarn. A special meeting of the School committee uas held thi-t morning at the Secretary'.-, office. There were p>e4cnt—Messrs. Stew- ' aril (Chairman). Hcminir. Evans, (Jibbs. and H;>rdy (SVcrefaty). Mr. Pea* tie (Headmaster oE the HL'h School) was also pre?, nt. Revert tenders ff>r repairs t» the K-.-ctory were opened and considered, and it w.-.s decided to forward them to the IMucition Board with a recommendation to accept the ! lowest, it was also resolved, "'That it be 'pointed out to the Board that seeing that the enrarcttmeiit e.f the South school is not So be proceeded with at oreaent, there wili be a sutHeieiu sum available out of the Lt2oo allocated from last year a revenue-by th« Kdrtcatton Boa-tl for buildings in this district to defray th« coat of alterations and repair* at the Rectory : and thit it therefore appears to the committee to be unnecessary for thorn to finance for the payment of the mrney, also asking that the Board will accordingly pr»vi !e for payment of the contractor." The Secretary was directed to write to the Secretary oi thc Education Board a»fcing him to get the Standing Committee to decide npon the tenders at once if such can be done, as it is undesirable that the matter shovld be delayed till the ne^t: meeting of the Board. A letter from the | Secretary to the Edfccttion Board was read, intimatinsr that the B>ard had d»cided to recommend the Minister to tix the fees l»r hig T rer edi:c vtion at 10s per quarter for one or all sub] -c's. The Secretary was directed i t.» write iwski-g who ws t>» h v%s the power ! i to collect the ree->. The Rect.r paving reported that the nightman (Mr. Reid) had broken open several gates, notwithstanding that he had been provided with keys, the Secretary was instructed to have the dam sua. repaired," and forward the account to Mr. Kcid for payment, and failing hts immediate settlement "of the account, to deduct the amount from money due to him by the committee. The meeting then terminated with a vote of thanks to tiie Chairman. Through a tvp<>jrn»phical error c - ™Jf^ vening's issue, inferred Wednesday, 14tn Augaat a* the date of-iltGeo. Greenfield's j «te of / H6w S b9lMP^r%S l ' Bhon]d Have Sepfember. '

"VYe draw the attention of our. readers to the' prospectus of the New-. Zealan'oL Hardware Company (Limited), which appears in another column. The object of this Company is to purchase the extensive and wellestablished hardware bnsiness of'QUyer and" Ulph, in Dunedin. and for thispurpose'tbey are raisins a capit.il of shares of L 5 each, of which it is'proposed to call up L 3 per share as foUow8":£-Fi*e shillings on application, five shillings on allot.-ment,-and the balance in calls-of'five-shil-' lings per share, at intervals of liot less than three months. The Directors comprise the names of a number of the principal/and most successful commercial men in Dunedin, who are invariably connected with paying investments, and Mr. John 0. Eva, under whose charge thebiisinessof Messrs. Oliver and Ulph lias grown to its present magnificent proportions, is announced as the manager. A glance at the prospectus will demonstrate that the project is being launched upon a most substantial basis. Ist. It has been indisputably proved that the business has returned over an average profit of 20 per cent. 2nd. -Al>ir. Oliver <iesires to resign the immediate responsibilities of the business, he is willing to ''subscribe for shares to the ex-out of nearly the amount of the purcliae i!n>iiey." 3rd. No charge is being made for the uoMilv/iil. 4th. Jr is confidently expected that'the bus ii> ss will be still more lucrative in the future than it bus bctn in the past. Wo understand that nearly the whole of the" shares have been disposed of, and, as the list i closes in Duneclin on Monday, intending investors .-houUl l»so no time in sendiug.in their applications. The share list of the Otepnpo Slate Company is announced to close on the Ist September, which, as that would be Sunday,. probably means Monday. There is, therelore, little time left for those who desire to become shareholders, and accomplish two laudable purposes—that of assisting an important; local industry -by which we shall be indirectly benefited—and of entering into a directly profitable investment. The shares r.re at such a low price (L2) that every working man could possess himself of at least a few. A glance at the namrs of the Provisional Directors will be reassuring to intending investors. Full particulars maybe g : eaned in another column. 'ihe monthly meeting of the committee of tiie N. 0. Horticultural Society will be held at Mr. Earl's rooui3 on Monday next, at 8 p.m. At Thursday's meeting of the Education Board, it wa3 decided to subsidise the private school at Shag Point, and that the suggestions of Mr. Petrie's report should be carried out as soon as possible; that Duntroon be declared a school district, and that a school be established and building erected as soon as funds are av.-n'LiMs : that the Arhemeum at Otepopo be lense. lat the annual rental of LSO, to tem- ' porarily accommodate the infant classes, I and that a small amount be expended in j providing necessary furniture. W, li. Walker was chosen as Master of the Ngapara school, tnd the following pupil .teachers were appointed: Margaret and Mary Jane Wilding, High School. Oamaru : Mary Ellen Crawford and Kate P.iuek, SouM; School, Qainaru ; V. G. is. mot. K-k.mui: Janet Fiemiiiu', Palmersj ton. The consideration or' tenders for school building at Oani.v u was dcfi-p-red. j Ti;e ~L-eond annual meeting of the North } Ot.-.go j'erniauent Building Society was held j in llie I'ince of the Secretary (Mr. Sumptei). ; last evening. Mr. A. J. S. Headland (Pivj rider.th recuri-' d the chair. The minutes of previous annual meeting having been read :u:d continued, the Secretary read the following rep-rt, accompanied by the balancesheet:—"The Committee have now the pleasure t.f presenting for your consideration ! the second aunn d report of the Society. The j progress the Society has made during the i>a.-t year must be very gratifying to the siiar. hoid.-rs. The business has greatly increased, and the Society his become in:; | s'snirt time quite a large institution. Notwithstanding the fact that money during the pa-fc year has been very plentiful, and has commanded compared with preceding years but a low rate of interest, very satisfactory investment has been made of the Society's funds, the amount invested being ! LIS, 100. The shareholders will be pleased I to know that the Society has met with the j sui-port and coniidenoe of the public in so far las the depn.-it of money is. concerned. The j sum of IM'llii has been so received on tiic is curity of the Society's debentures, inde- ! pendently of the amount borrowed from the i Bank. Every facility has bean given to ■ »>':rs"ns so investing. The of shares held • is also now very considerable, amounting to | ICS.">. 33 - 2 shares having been taken up during i tli-- pa t yoar. The CVmmhtee recommend j •- divtd-nd • :' cl•■■Vi-n per ';ent. for the year-. I Tou m- • i> rs of Co:nm ; ttee who retire, and I are < li',d' ' - for rc-ei.ration, aro Messrs. lAi'ken.' u' L --t, and Kali-i-.-y.'' They were ' uniui!!' u-iv adoufci-d. nil the motion of Mr. |M: i .:-'.--;--!i.;."see..i':d .1 by Mr. Middle. The | bil.n;.- ie-.-t sliowcl that the business done j fi.r t!., • .vo yeirs had amounted to tiie sum i r.f f.: •' :•',">. and the profit for the yoar to L 552 j •!.-; I Id, being equivalent to a dividend of c-U veil per cent, for thi.s year, which was [ pointed out by tho President to exceed I seventeen per cent, per annum—which must j bo exceed ugly satisfactory, the Society onlyhaving bocn in existence for two years. The : ri>tirir.g members of Committee were re--1 elected without opposition. Auditors' remu.:crati»n was fixed at 1.7 7s each, and ihe Tro-isurer'.s at LlO. A vote of thanks having been accorded the Chairman, the meeting terminated. ]