GREAT BARRIER COPPER MINE

Te Aroha News, Volume VI, Issue 299, 15 September 1888, Page 6

GREAT BARRIER COPPER MINE

Tn am us, September 12. 1 iia> Ji been shown a private cablegram received to-day from Mr John Kalph, who is in Melbourne), staoing that the Ureafc Barrier Copper Mine has been sold, and will be formed into a Company with a capital of £250,000. This is somewhat conflicting, as before going to Melbourne Mr lialph informed me that Ihia properly had been t>old to a Melbourne syndicate.

<J A 1 1 L 1 0 X A ( ' X ATS WEI. L are selling rurniLure and Carpels very cheap. Iron u 'edhleadft .and Spring- Mattresses at greatly i educed price*. Bedding of all kinds ready for delivery. Oil Cloths from Is. squart yard. Linoleum from 2s 3d. Blankets, sheets, quilts, curtains,, and all furnishing {roods splendid value. Wire Wove Mat tresses much cheaper than they used to be. A strong [rou Bedbtead and Wire Wove Mattress for 55s cash. Simple Iron Bedstead and Wire Wove Mattress for 38s cash price. Our goods are carefully packed, eve >* attention paid lo prevent damage by transit. Buy all your household goods from UARLTCK and 'CRANWELL, Cabi** makers, Qu«en street. Auckland 1

Both Assets and Liabilities^ are eelirnated to March 31st, 1889; The excess i t>f actual liabilities over eStimated assets available to meet same is £1773 14s 4d, in addition to which _£he Patetere Riding is entitled to a further 'expenditure upon Works within that. Riding, .of £133, being tire Unexpended balauce of the sum voted by the Council, viz., one third of the last general rate 'collected within the said Riding. To meet the liabilities already shown, and also to carry on necessary works, your 'Committee recommend that a general rate of one half penny in the pound be made over each Riding except that of Te Aroha, over which division of the County your Committee recommend the levying of a three farthing rate. With reference to the Patetere Riding, your Committee recommend the increasing of the proposed rate to three farthings, should that Riding desire an expenditure in excess of the balance above quoted. The Committee further recommend that any balance remaining to the credit of the Council after payment of its liabilities should be allocated in accordance with Section 145 of The Counties Act, 1 886, Your Committee would also report for the information of the Council that the several Riding and Separate Rate accounts stood l upon the 10th August as follows : Hiding Accounts. £ s. d. Mnta STata .. .. Credit ... 1244 13 1 Waitoa, .. .. Credit .. 1587 5 6 "Taotoaroa .. .. Credit .. 43 18 6 Patetere .» .. Credit .. 2152 16 7 tTe Aroha Debit ... 7376 o 10 "Separate Rates Account. £ s. a. Te Aroha Debit .. 274 5 4 Matamata .. .. Debit .. 3 2 6 With reference to the Te Aroha Riding, your Committee are of opinion that the Separate Rate Account should be credited with one third of the last general fate collected within that Riding. Interest Account. Te Aroha Special Loan : Interest paid In excess of speoial rates collected, £QQ l 3956 d.

Special Loans Account. Te Aroha ; Expenditure on Loan account in excess of money borrowed £20 13s Id. Re Bank Overdraft Account. Your Committee further TepoTt that the ordinary revenue for the year ended 31st March last, was £2203 2s 5d and to point out the necessity of keeping the overdraft and liabilities within the amount allowed by law, viz., the total ordinary revenue for the year ending the ."31st March immediately preceding the half yearly or yearly balance, A rate of, one half-penny in the £"upon the present valuation would yield about £1500. William P. Chepmell, Chairman. The Clerk stated that with respect to "the dphit balance of L 7376 5s 10d against Te Arolia Ri.lin°r, L3OOO granted l>y the Hon IWr Larnnch to the County town nls reduction of the overdraft incurred liy the tramway construction, had not been taken into account. Also, that one third of the k«t general rate over Te Aroha Riding, and w'.iich amount the Committee suggested should be placed towards the reduction of the Te Aroha Separate Rate account, would <were the rate all collected, and including rates from Crown anj Native Lands), amount to L 92, The Chairman remarked upon the special rate levied in Te Aroha, for repayment of the Special Loan, not being paid yet. Resolved unanimously that the Report as read be adopted. Striking of General Rate : Resolved •unanimously on the motion of the 'Chairman, That at the next meeting of the Council a general rate of a halfpenny in the pound be struck in the Ridings of Waitoa, Mata Mata, Patetere, and Taotaoroa, and of three farthings in the pound on Te Aroha Hiding. Accounts amounting to £1035 were passed for payment, including the following :— W. Brumby, (Shaftesbury road bridge approaches) £3 ; P. Rice, (drains at Waiorongomai), £14 15s ; S. H. Davey, (labour on Shaftesbury road) £1 15s ; B. Montague, (balance of contract, Waihnrakeke), £6 13s < D. Ritchie, (completing Shine's contract), £6 13s; R. Michael, (Do,), £8 4s; Jas, Orr, (Do.), £17 2s ; M. Guiney, (Do.), £7 ; Jas. Shine, (Balance of •Contract and deposit returned ), £7 lls ; F. Pavitt, (map showing northern boundary, Counties of Piako and Ohinemuri), £5 ; T, G. Sandes, (Patetere loan ac«ount) £69 15s ; F. D, Rich, (balance -of contract roads, Patetere), - £236 16s 8d ; J. G. Finnity, (road Contract Patetere), £170; Geo. Walker, (CambridgeTaurangaßoad), £12; Waikato Hospital and Charitable Aid, t £3'B7. This was all the business,