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The Aroha AND Ohinemuri News AND UPPER THAMES ADVOCATE.

' Thi* above nil —to thine own pelf be true, And ifc must follow as the night the day Thou canst not then be false to any ivan. — Shakespeare.

WEDNESDAY, JULY 25, 18S8.

A forecast of the Public Woiks statement will bo found on our third page, also letter fjom London conenpondent. There was no business to bo dealt with in the Resident Magistrate's Court, at Te Aioha yesteidii}'. Interesting paiticulnrs and statistics respecting the Auckland gold fields are published on our sixth page today. Tt will be obseived Mr Warden Northcroft in his repoit refers in most hopeful terms to the outlook for the goldfields of the Ilauraki listiict. Nine tenders were received for building a new hotel for Mr Barney Macdonncll, at Katik.'iti. Tho Aneklnnd'tende: 1 of Welk and O'Connor, at £698, was nccepted. P>v the s.s. Mariposa on Saturday, Mr C-. W. Smnll, minin<r expert, was a passenger to Auckland. He comes to superintend the woikingof a process of gold extraction at the Wnihi mine, Upper Thames, and he is to leave for that district in a few days. We understand our enterprising fellowtownsman, Mr A. W. Edwards, is about to show his faith in the prospects of Te Arohain a very practical manner by erecting large new premises for carrying on his business as draper and general storekeeper. The site purchased by Mr Edwards i" one of the best obtainable for the purpose in view, being the corner allotment in Whi taker street leading down to the Post Office, and adjoining the offices of. tho Aroha and Oiiinemuri New. We wibh Mr Edwards the success he po well deserves for his pluck and enterprise. Some time since the Crown mine, Knrangahake, was placed in the hands of an agent for disposal in Scotland, the condition being that the shareholder were to have their £1 shares fully paid up, and that the amount of wotking capital was not to bo less than £10,000. Tt is not yet known whether the sale is effected, but a cablegram from the agent to the directors has been received, asking their consent to an inciease of the woiking capital. The message is as follows : " Pioposed increase working capital Crown by £15,000. Telegraph consent." Tho directois have replied : " Consent increase working c.ipital Crown £15,000. Telegraph return of oie." The working capital of the Crown — should the propeity be sold — will now be £25,000, instead of £10,000, as originally intended. The last number of the Illustrated Australasian News (New Zealand Edition) to hand, is like the preceding issues, full of well-executed illustrations and interesting reading matter ; and deserve? a large circulation, Mr G-arriook and Miss Robertson (from ; Auckland) notify they will show costumes, drr.perv, and millinery at Mr Whyte's i cottage, Te Aroha, on Saturday next and following week. We direct the attention of our readers to Messrs Smith and C-iughey's new adver tisement, which appears in our columns today, announcing a gi eat winter clearance sale, prior to stock taking, and to make room for shipments of new spring goods, shortly to arrive it is only necessary to glance nt the prices quoted to see that the sale offers an opportunity of obtaining goods in every department munh below ordinary prices, whilst the well known chai acter of the fiim is sufficient afitornntee that the quality will be found satisfactory. The N.Z. Country Journal has thefollowing : "We notice that the Canterbury Frozen Meat Company shipped to "England during the lapt twelve months no less a quantity than 240,000 sheep, and that at a recent meet'ng the directors of this company expressed themselves as sanguine of getting the freight reduced, at no distant period, to Id per lb., thus bringing the irross total charges to about 2d per lb. This will without doubt be a, great incentive to producers and others to export largely, and for this reason we anticipate rates for fat sheep being fifmlv kept up. Considering 1 the depressed stato of grain markets, this important change in the prospects of our meat trade conies at a most opportune time, and in the developement of this busineHK, which must ensue, we recognise the first direct ray of pros perity Now Zealand has experienced for a considerable period. In Canterbury alone, having our expectations for tho coming year upon the transactions of the last year, wo shall in the reduction of freight alone, be able to effect a saving of something like £30,000. While congratulating the directors of the enterprise upon this most important achievement, it is to be hoped that they will not otop at this, but piobe the question of " distribution in England," until thi« important matter is woiked out, on a more satisfactory basis than is generally considered to exist at prest-nt."

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/TAN18880725.2.3

Bibliographic details
Ngā taipitopito pukapuka

Te Aroha News, Volume VI, Issue 284, 25 July 1888, Page 2

Word count
Tapeke kupu
801

The Aroha AND Ohinemuri News AND UPPER THAMES ADVOCATE. Te Aroha News, Volume VI, Issue 284, 25 July 1888, Page 2

The Aroha AND Ohinemuri News AND UPPER THAMES ADVOCATE. Te Aroha News, Volume VI, Issue 284, 25 July 1888, Page 2

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