THE MAYORALTY

Taranaki Daily News, Volume LIV, Issue 234, 1 April 1912, Page 2

THE MAYORALTY

ME. O. W. BROWNE DEPUTATIONISED. On Saturday morning a number of citizens waited on the Mayor (Mr. G. W. Browne) and presented a petition, bearing 84 signatures, asking him to consent to be nominated for the Mayoralty for a further term. The petition ran as follows "Your continuous service for ten years as Councillor, during which time you have served in every important office, and your experience in the office of Mayor during the late Mayor's illness and since his death, have given you an intimate knowledge of borough, affairs which eminently fits you for the position." In answer to the deputation, Mr. Browne said he fully recognised the great honor they would confer upon him, and felt deeply grateful to them for their expression of confidence. The position of Mayor at the present juncture carried with it many serious responsibilities, especially the question of finance. Mr. Browne added: "A very important matter to be taken in hand at the first opportunity will be the revising of the bye-laws to fit the new position brought about by the merging of Fitzroy, Vogeltown, Frankleigh Park and Westown, all of which have been brought about during the last nine months. Naturally great demands will come from the new portions of the borough in their efforts to obtain the up-to-date facilities enjoyed by the burgesses of what I might term the old borough. In this direction very careful consideration must be given to every application to avoid building up large unremunerative burdens." Continuing, the Mayor said that those in the area of the western portion of the Greater New Plymouth scheme had decided not to avail themselves ol the opportunity of securing to that portion the benefits of municipal undertakings, and therefore new proposals for installing a system of tramways for the town had been formulated. If adopted, there was no reason why trams should not be laid down within the next 18 months. Referring to a few of the works which the council had earned through since he took up the position of Mayor, Mr. Browne pointed out that the Esplanade from the fountain in Dawson street to the baths, bad been .secured to the. town: the exchange at the oiil nuire to (he C.iningloii Road (usually known a- the Collet. exchange) had been completed, and negotiations were proceeding whncby Kawaroa Park would become the nropcrty of the citizens. Concluding. Mr. I'.rowin- consented to be nominated for a further term, and fold the deputation that no effort would be wenling on his part to uplift the town, and in every w:>y in his power to keep in touch with every movement

H^^^^H^fHHußNS. for the as reserve to liabilities, 43.30. i THE MONEY MARKET. Bank rate, 3y 2 per cent.; short loans, 3% per three months' bills, 3 7-16 per cent.; Paris, 3 per cent.; Berlin, 4% per cent. GOVERNMENT SECURITIES, j The following are the latest quotaj tions for Government securities:— •y* per cent. Consols, £7B; rise of 7s fid. 4 per cent. New SoutE Wales, £lO5 10s; unchanged. 3% per cent. New South Wa,les, £9B 7s <3d; unchanged. 3 per cent. New South Wales, £B7; unchanged. . : i .j^gj! 4 per cent. Victoria, £lo2'; rise of 10s. 3% per cent. Victoria, £9B 10s; unchanged. 3 per cent. Victoria, £BS 10s; unchanged 3% per cent. South Australia, £97; unchanged. 3 per cent. South Australia, £BO 10s; fall of £4 10s. 4 per cent. Queensland, £102; unchanged. 3V 2 per cent. Queensland, £9G 10s; unchanged. 3 per cent. Queensland, £B4; unchanged. 4 per cent. New Zealand, £104; unchanged. 3% per cent. New Zealand, £97; unchanged. 3 per cent. Neiv Zealand, £BS 10s; unchanged. 3% por cent. Tasmania, £96; unchanged. 3 per cent. Tasmania, £BS; unchanged. 3 '/a per cent. West Australia, £95 10s; unchanged. : 3 per cent. West Australia, £B7; unchanged. LONDON MARKETS. London, March 29. 'Butter.—The market is demoralised, and although supplies are small, buyers are refraining from making purchases. Danish 131s to 1345, choicest Australian 1225, occasionally 3245, secondaries almost unsaleable at 110s to 120s, New Zealand choicest 124s to 1265. Cheese—Quiet; New Zealand 74s to 74s Gd. Wheat—Firm. Buyers are pressing and holders are asking full late rates for cargoes; 38s 9d was paid for Australian parcels nearly due, 37s Od for March-April shipments. There is a quiet demand for spot .at 40s 6d. New Zealand nominally 38s to 395; two Australian cargoes sold at 38s Gd and 39s 6d respectively. Flour.—Quiet. Oats.—Firm; "B" Gartons, April-May shipments, are offering at 235; La Plata April-May shipments 17s 3d. Peas.—Flat and unchanged. Beans. Firm; old New Zealand nominally 37s to 395. Copper.—Spot £6B 7s Od, three lnnn^g ilili]- • plppfrn]vf -f "*■?

Tin.—Spot £193, three months £lB9 Iron, 51s 6d. Spelter,, £25. Sugar. —German 14s 6d, first marks 17s 4d. 'Bradford Wool.—Finn and unchanged. Silver, 2G%d. AUSTRALIAN MARKETS. Melbourne, March 29. Wheat, 3s 10y 2 d. Flour, £9 10s. Bran, £5 15s. Pollard, £0 ss. 'Barley.—Cape, 4s lOd to 5s 2d; English malting 1 , 0s to 6s sd. Oats, 3s sy 2 d to 3s 4%d. Maize, 4s 3d to 4s 4d. Potatoes, £5 10s to £7 10s. Oaions, £8 ss.