GENERAL TELEGRAMS.

Taranaki Daily News, Volume LI, Issue 286, 27 November 1908, Page 2

GENERAL TELEGRAMS.

UIPOKTAiNX TO SHAKIi DEALEKS. By Telegraph.—ftesa Association. , . Keefton, Last Night. An important judgment aflcelin" share-dealers and sharcbrokers was delivered by ilr. it. h. Turton, S.M. 4 firm of sharcbrokers, one of whom is secretary to the Big liiver Co., sold ]3j K River shares without commission to a legal resident, who declined liability An action was taken for damages tor breach of contract. The sellers and buyers note was on the firm's usual form, issued by the secretary of the company without express authority. Defendant did not deny the transaction, but counsel relied 011 section 361 of the Mining Act, 11)05, prohibiting the secretary of a mining company acting as a sharebroker, also the non-compliance 01 the buyer with section 3 of the Stamp Act, 11102, in issuing a buver's note without authority. The Magistrate he., that no remuneration being given, the secietary eouhl so act. Kegarding the issue ot the buyer's note, he held that the authority was insullieient and nonsuited plain tuts. Notice of anneal was given

THE FINANCIAL Si'KINGENOY. . , .Napier, Last Night, At the annual meeting of the Napier Chamber of Commerce to-dav, the president (Mr. C. Ellison), in his address, made reference to Hie financial stringency. He alluded to the withdrawal from the Dominion of practically all bona fide mortgage companies, who had byen driven out as a result of the operations of the Advances to .Settlers' Act. ((ontinuing, lie expressed the 'opinion that tile mortgage tax should be abolished and foreign capital be allowed to compete 011 equal terms with the Government, Department. In conclusion, fla said he hoped soon to see business testline its normal condition. The address did not evoke any discussion.

IMPOUTAM POINT FUU EMl'tO*KHS. rlii'iislehurcli, Last Xight. Ihc Arbitration Court commenced its sittings he:'e to-day and dealt with a number of claims for enforcement. An important point arose in connection with the grocers' award. For .some time past grocers have been employing youn" women in their shops, particularly : n tlie confectionery departments, ana'also on occasions to serve behind tlie counter, that being part of the duties of uii ord.iiuiv giocei.s assistant. A grocer was charged to-day with failing to pay wiese girls the wages tad by tlie award 'for grocers assistants. JAir the prosecution it was argued that girls employed practically as grocers' assistants should oe paid the same rate of wages as male assistants, and that wlule the award only mentioned male assistants that must be taken as comprising females. For tiio defence it was represented that under the Shops and Offices Act girJs wore given the right to work ill grocers' shops, and that as long as the wages specified by that Act were paid the Court had not power to interfere. Decisiou was reserred, i

THE ADM J HAL'S VISIT. Christchureh, Last Night. The Mayor of Christchureh will entertain his Excellency Admiral Sir Richard Poore during his stay in Christchureh at aa ollicial banquet in the City Council Chambers.

Christchureh, Last Xifrlit. A large old wooden building at"sockburn, used as a soap factory bv Mr \y 11. Downer, was totally destroyed bv'fire j (hiring the early hours of yesterday morning. Hie building contained 40 barrels of tallow cio barrels of which were saved), a quantity of soap and resin, also jnitichinery and plant, the whoto with the buildings being valued at £IOOO. The conflagration is supposed to nave originated in the vicinity of the boiler. the lire of which was left banked up as usual for the night, at 10.30 oeloek tiro previous evening. When the outbreak was discovered bv Mrs. Downer, t lie portion of the building near the boiler was all ablaze, and the firm hold which tile fire had obtained made it an impossibility to suppress the flame*. The building and stock were insured for .l!(>r>0 hi the Liverpool. London and (.ilobe office.

11AXK 01'' NEW ZHAI.AXD. Wellington, Last Xiglit, -Mr. \\ illiain \Vnt-ion has been elected a shareholders' representative on Hie directorate of the Bank of New Zealand.

X-U'IER WAX miOPOSALS. „„ „ Napier, Thursday, flip Borough Council has resolved to ask the ratepayers' sanction for the following loans:— Tram scheme £35/1(10, roads £15,300. sanitation £40,000.