PATEA MAIL Established 1875. CIRCULATION nearly 600 COPIES. Average circulation last year, 510. Monday Evening, Sept. 11, 1882.

Patea Mail, 11 September 1882, Page 2

PATEA MAIL Established 1875. CIRCULATION nearly 600 COPIES. Average circulation last year, 510.

Monday Evening, Sept. 11, 1882.

Delivered on Monday, Wednesday, and Friday Evenings by mounted messengers —at Hawera by ,7-30 o’clock, at Normanby by 8-15, at Manaia and Waimate Plains by 8-30, and Southward at Waverley - (for train) by 6 o’clock.

Heavy floods were experienced at Hokitiki on the Bth inst. A large por lion of the southern protection works of the port was carried away with the flood and heavy sea. A final meeting to wind up the affairs of a Patea Building Society has been delayed longer than was expected. We understand that the inspector has not been able (o complete his thorough examination of all the society’s accounts, inconsequence of the half-yearly balance at the bank requiring all his time lately. That is now finished, and the inspector hopes to complete his revision of the society’s accounts in two or three days, and present a complete report. The Homeward mail via 'Frisco loaves Auckland to-morrow.

Mr F. R. Jackson will hold a special sale of stock on behalf of Messrs Nicholson Bros., at Waverley next. Thursday. The stock is numerous, and worth the attention of buyers. The Borough Council are to meet again this evening, by adjournment, to decide about calling tenders for the loan works, or some of them. The repeated delays are deplorable. No matter whether the excuses for delay are good or bad, the public are impatient to have some work begun. Let us hope the Council will make a serious effort this evening to remove a public grievance. The Cemetery Trustees have decided to resume possession of the Cemetery reserve, through non-payment of rent. Seven applications are in for the office of pilot and harbor master at Patea. The Harbor Board meets this afternoon. Rates of Interest. —Messrs Chas. Pownall and Co., scriveners, Wellington, report that since their last quotations no change has occurred in the value of money, with a limited supply only offering. The demand for mortgage investment has likewise been equally limited, and few transactions of any importance have been completed. Rates of interest continue to range from to 7-| per cent., adjusted to the sums required, the former rate now applying only to special contracts for very large amounts. In the absence of any considerable demand arising, these rates are at present not likely to be exceeded, more particularly as the English market shows no tendency to any further advance. The City Council of Christchurch has £6374. 3s 8d credit balance at the bank. It is stated that a movement is on foot, in Otago, to start the business of compressing hay for export to Melbourne. Linseed has been proved to thrive excellently in Canterbury. A few days ago, a sample was shown at a meeting of the fibre company, and pronounced to be equal to the best Home-grown seed, being bright, plump, and oily. The Crown and Native Land Rating Bill has now passed both Houses. The Road Boards Bill has also passed. A little scene occurred in the House on Friday night. Estimates of proposed expenditure had been issued, and the House was asked to ; go into committee at a late hour. The Opposition protested. Sir. John Hall also supported the objection that the hour was too late for voting large sums. Major Atkinson replied that the blame lay with the Opposition, who had wasted much time in the early part of the session. Division was taken, and a majority decided to go into committee on the Estimates. They were then discussed, and passed, and the House rose at five o’clock next morning, to meet again in the afternoon. The creditors of Messrs Bush, and Kendall met this afternoon in the Court House, Mr Taplin being elected to the chair, Mr Kendall was being Examined as to the bank contract and other matters when this edition went to press. A lecture on “ inventions of the period,” and dealing with electricity for lighting towns, wifi be given by Mr Jeffs in Patea on Wednesday evening, Mr Jeffs is travelling to explain and promote the adoption of electric lighting ; and being familiar with many recent inventions, he has consented, at the suggestion of the Mayor, to give a chatty lecture on such inventions and novelties as are likely to be interestingA proposal is mooted to light Hawera by electricity. Lyttelton and Auckland Harbor Boards have already adopted the electric light. The Waverley Racing Club have lately planted a bolt of trees, over three acres in extent, on the corner of their course ; and these trees will, in throe or four years, afford a good shelter against the prevailing wind, besides being ornamental.