A GOOD TIME COMING.

Te Aroha News, Volume VI, Issue 282, 18 July 1888, Page 2

A GOOD TIME COMING.

New Zealand has been suffering nmsfc painfully from want of cash, but it seems thai there is a goo>l time coming. Intelligence from Melbourne states that a Victorian syndicate is about to invest n million and a* half sterling in real estate in New Zealand. "Referring to this subject the Melbourne Argus says :: — • " We believe that speculative attention is now being directed in Melbourne to New Zealand real property, which is so greatly depressed that values outside the principal towns are generally lower than they were ten years ago. Such a depre?s:on can scarcely be expected to endure much longer in view of the -splendid pastoral and agricultural advantages of New Zealand, as evidenced by the brief abstracts of the exports from the colony which we gave on Tuesday morning. The average yield of wheat for the last harvest was 26^ bushels per acre, a figure which places New Zealand as second, only to England in this respect. The immediate effect of an overflow of a million or a million and a half sterling from the superabundant capital of Melbourne to New Zealand would boa great advance in values, which would relievo financial institutions there from tho embarrassment occasioned by the present serious lock-up ef theii: resources. The Victorian correspondent of the Ohigo Times says that £1,500,000 is tho sum to start with, but that it will probably bo largely supplemented. Tho same correspondent predicts a large influx of tourists from Victoria, from amongst the land and mining speculatoi'S who have made large fortunes.

It may not be generally known (saj'S the Manawatu Herald) that the pulp from tho flax strippers makes an excellent food for cattle. Mr Andrews, the manngcr of the Foxton mill, infoims us? that the cows at Mr Rutherford's mill at Nelson keep " rolling fat," being Eed to a great extent from the refuse from the strippers, and a number of settlers in the vicinity of tho mill cart the pulp away to feed their cattle on in the winter time, when feed is scarce. Although the cattle like the stuff best when fresh from the machines, it becomes when lef tin heaps something like ensilage, and the stock will then eat right down in to tho honps as far as their horns will allow their head to go. Tho experiment is one well worth trying by those who keep cattle, and who at this time of the year find feed very scarce. The correspondent of the Herald telegraphs from Dunedin on Tuesday as fo'lows: — "It is stated that a writ of certiomri will be taken out, by which married women who aye granted licenses at the annual meeting of tho licpnsing committee, and the Licensing Bench will bo called on to show cause why their certificates conld not be quashed,"