WELLINGTON.

Thames Star, Volume X, Issue 3180, 29 April 1879, Page 2

WELLINGTON.

Thii day.

Several letters having appeared in the local paperi complaining of the pressure of the Bank, a correipondeat in this morning's Times points out that in reality it is the Banks who are pressed by the public. It argues that the Banks have invested too much capital in the colony, and that as the public hare made too free with banking capital for trade purposes hence the pressure, not on the public, but on the Banks by the public.

It is said that the shares in the Fozton and Sandon railway are not going off well, but that the residents in the district will take up all the unallotted shares.

Miller's Tenui Hotel, near Masterton, was burnt down this morning. The probable loss is about fifteen hundred pounds.

Mr Gillon, manager of the Press Association, will sue the late proprietors of the New Zealander in the District Court for £179, for telegrans supplied. The case comes off next Friday.

Monday.

The City of Sydney, with the London mails of the 27th March, left San Francisco on April 14th, the contract date. The Australia, with the March colonial mails, arrived at San Francisco on April 23rd, one day in advance of her contract date.

Several changes have been made in the command of the United States Company's steamers. Captain Sinclar, of the Tararua, has been promoted to the Arawata; Captain Mnir, of the Claud Hamilton, succeeds to the command of the Tararua, and Mr Newman, chief officer of .the Arawata, is promoted to the command of the Claud Hamilton.

The Wellington Patent Slip Company has declared a dividend of 5 per cent.

A mail will be despatched per Stadt Haarlem from Lyttelton for London on Friday next.

Both the New Zealander and the Chronicle argue in their leading articles the necessity of a new loan.

; The first pile of the new railway wharf was driven today.