The Patea Wreck.
The directors of the Patea S.S. Companyhave decided to abandon the steamer as a total wreck, and the underwriters ba% r e therefore resolved to sell her by auction as she lies. Some fittings and gear have been saved ■ from the steamer, and the whole will be sold, the company and the insurers taking a share of results on the principle of average in proportion to value of risk in steamer. , The Harbor Board agreed this afternoon that the separate rock against which the steamer is lying may be removed, by blasting or otherwise. The officers and crew of the steamer have been paid off. HARBOR LOAN,. The Harbor Board have adopted a resolution this afternoon; empowering the chairman to call a public meeting in Patea and such other parts of the district as, lie thinks-desirable, to consider the question of rating the town and district for a karbor loan. Only four members were present, and the motion-was carried by the chairman’s, casting vote.
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Bibliographic details
Patea Mail, 17 April 1882, Page 3
Word Count
167The Patea Wreck. Patea Mail, 17 April 1882, Page 3
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