The Opunake Times FRIDAY, MAY 10, 1895. NEW ZEALAND AS A LOAN LAND.

Opunake Times, Volume II, Issue 89, 10 May 1895, Page 2

The Opunake Times FRIDAY, MAY 10, 1895. NEW ZEALAND AS A LOAN LAND.

The visit of the Hon Mr Ward to Lon - don has had the effect of dispelling all doubts or fears which the holders of the English money bags may have entertained with regard to New Zealand. It was persistently asserted that the policy of the present Government was leading the colony on to ruin at a gallop, and that we should neither have means nor credit in a very short space of time. The result of the loan for a million and a half, which has been placed on the London money market under the Government Advances to Settlers Act, proves that the Colonial Treasurer has inspired the utmost confidence in the minds of the English public with regard to our stability and resources. It was expected in a good many quarters that aay New Zealand loan placed in London would meet with a very poor reoeption, no matter what terms it might be offered on. The Council of Foreign Bondholders tried to bluff Mr Ward by threatening to boycott New Zealand debentures and prevent being quoted, but, as the c» Die informed us, he ridicjijgd their boast, and gave,,Jh:einj**Svery opportunity to tesH**?l"power. In the face of this tureat he decided on placing the loan for ono and a half millions, and fixed the interest at 3.per cent, thereby claiming for the colony the most favored terms of any of the] colonies. Had the Council of Foreign Bondholders any real power this gave them every opportunity to exercise it, but the fact that the loan was subscribed nearly fourfold proves that they must exercise but a very minute influence on the money-lending English public. The successful floating of this loan on such favorable terms must tend to strengthen the present Government, and if they were to drop some of their fads, which only tend to irritate the public, without any ultimate chance of becoming useful or necessary, their term of office would be considerably prolonged.

Nine extra clerks were dispensed with in the Tax Department at the end of last month In IGOB the game of football seems to have been a public nuisance, for an extract from the Lete Roll speaks of the " glasse windows being broked yearle and spoiled by a corapanie of lewd and disordered persons using that unlawful exercise of playing with the foteball." According to a Liverpool contemporary, Mr Gladstone goes to church in " a most unostentatious manner." This will set at ease the minds of those who thought that he usually went on the back of an elephant preceded by a' brass band.—Exchange,

William Chadwick's timber mill at Pahi, Kaipara, was destroyed by lire yesterday. The building was insured with the Now Zealand Insurance Company for £2OOO, £1375, of which was re-insured in other ofiies—Norwich Union, £400; South British, £300; National, £275 ; and Alliance, £3OO. A body, identified as that of John Johnston, settler at Pongoroa, Pahiatua, was found hanging from the bow of a tree near the township. It must have been hanging for three or four weeks. When last seen, about six weeks ago, Johnston was out of work. At the inquest a verdict was returned that deceased committed suicide while in a state of temporary insanity. At a debating club in Wellington during a discussion on Labor and Capital, a young man, who had been listening to the speeches of his friends, arose, and thus explained his views on tho matter:—" When you have to hold your sweetheart on your knee for an hour and a half —that's 'capital'; but when you are married and the wife asks you to hold the baby five minutes—' that's labor.' " The following paragraph appears in the North Otago Times:—"As an evidence of what runholding has been like during late years, we may mention a case in this district in which a rnnholder took up a station, putting £SOOO into the concern. He has lost the £SOOO and £9300 besides. This ought to afford a grain of comfort to the Government, who rind the squatters dying without being killed." A four-roomed house, the property of Mr Ed Tallott, residing on tbe Wortley Eoad near Inglewood, was totally destroyed by fire on Monday morning at six o'clock. Nothing whatever was saved. Mr and Mrs Tallot were out milking when they first saw the flan.Bs coming from the roof of the house, but it had got too much of a hold when discovered. There were four children sleoping in the house at the time, and they were rescued through the window with difficulty. The origin of the fire is unknown. The house and furniture are insured in the Royal Insurance Office for £l5O.

T-.nlers close on Monday next for channelling contract for Town Board. Messrs Nolan, Tonks and Co notify entries for thvir stock sale on Tuesday next.

We ijive a reminder of Mr W. D. Scott's Awatuna sale which takes place on Monday.

Tenders are returnable on Wednesday, 15th instant, for lease of dairy farm oh Main South Eoad.

Captain Edwin wired at 1.30. p.m. to-day : —Strong N.W. to W. and S. winds with heavy sea, glass rising and colder weather.

Mr A. H. Moore has a replace advertisement in this issue, to which we direot the attention of our readers.

Australia pays Great Britain in the way of interest on borrowed money no less than £50,000 a day.

Mr A. H. Moore reports having sold Section 648, Block 44, Opunake Town, half-an-acre and house for Mr G. King to Mr Clough. The result of the Parihaka Road Board eleotion was as follows :—M. Fleming, 99; M. J. Wells, 93; J. Rothery, 93; J. C. Hickey. 91; T. J. Billings, 85; E. Maxwell, 82; W. R. Wright, 82; E. R. Morgan, 63. The first seven were elected. The Wellington Post states it is currrently reported that the Government auditor of the Bank of New Zealand has insisted that the proceeds of the recent call on the Bank of, New Zealand shareholders shall be devoted exclusively in reduction of the liability of the colony under the Two Million Guarantee Act. The Stock Department, Wellington, has been instructed to issue a circular stating that in the event of a suitable shipment of horses being made'and any loss accruing on sales at Home, the Government will be prepared to defray half the freight. The classes recommended are heavy draughts, 'bus horses and hunters.

At the Magistrate's Court, Gisborne, on Monday, William Adair, a shopkeeper, was convicted and fined -10 s for failing to close on Saturday. The Magistrate held the opinion that the resolution of the Borough Council on January 29th, appointing Saturday as a day of closing, was valid, and that no power was given to alter the day until the following January. The case is to be taken to the Supreme Court. The Inglewood paper has been shown account sales of Taranaki butter, dated London, 15th and 22nd March, which show plainly that at that time " the bottom had not fallen out of the market." A consignment of 268 boxes, ex Doric, realised the following prices : Separator, 91s to 955; ordinary dairy, 83s to 87s. Another lot of 222 boxes, Kaikoura sold at the undermentioned prices:--Factory, 91s to 955; 9 boxes separator, 975; 8 do., 89s. In Berlin there is a great bakery where 2cwt of wood bread is turned out every day for popular consumption. The bread is made out of sawdust and rye-flour—three-fourths sawdust. A chemical process takes away the texture aud taste of the sawdust, and liberates the saccharine and nutritive elements; and, with a little rye-flour, it makes nutritious bread, which is sold at 4s 6d per cwt. Mr J. Harding-Mason, who has decided on starting business in Opunake as a chemist and druggist, arrived with his family from Auckland on Wednesday. His stock is to arrive by the Kanieri in the course of a day or two, due notice of which will be given in our advertising columns. Great regret was expressed by the people of Whangaroa at losing his services, and he was made the recipient of numerous flattering testimonials as to his professional ability, and the respect in which he was held personally by the people of that district. We welcome him to Opunake, and trust the support he will receive in this district will leave no cause for regret on his part for having cast his lot here.

A Napier woman has been arrested in Sydney under peculiar circumstances. Her husband, R. C. engirreer, well saved some money, and was alsosecretary and treasurer of a Tte!.Jjite lolge, having about £3OO of its funds in hand. He gave his wife deposit notes on both accounts to re-lodge the deposits in the Bank of New Zealand. Some time after she said she was going to nurse a friend in Tomoaua, and went against the remonstrances of her husband, who was left with eight young children. As she did not return he made inquiries, and found she had never been at Tomoana, but had gone on to Wellington, and taken a steamer for Sydney, en route to England. The husband then instituted further enquiries, discovering that she had forged his name, withdrawing all his money and that of the Rechabites, and forged the deposit receipts with the name of the manager of the bank. She was arrested before she could start for England. Certainly the best medicine known is Sander and Son's Eucalypti Extract. Test its eminently powerful effects in coughs, colds, influenza; the relief is instantaneous. In serious cases, and accidents of all kinds, be they wounds, burns, scaldings, bruises, sprains, it is the safest remedy—no swelling —no inflammation. Like surprising effects produced in croup, diphtheria, bronchitis, inflammation of the lungs, swellings, &c.; diarrhoea, dysentry, diseases of the kidneys and urinary organs. In use at hospitals and medical clinics all oven the globe ; patronised by His Majesty the King of Italy ; crowned with medical and diploma at International Exhibition, Amsterdam. Trust in this approved article, and reject all others.