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DUNEDIN.

(From our otvn Correspondent.) People here are as a rule in a state of suspense, pending the issuing by the directors of the National Insurance Co. of the statement of shares allocated. The directors have a very arduous task to perform, and one which will necessarily occupy a considerable time in its performance ; therefore the impatient ones among' the applicants for, . shares will doubtless have to tax their patieuce for a few days longer before they receive the information they desire. It seems to have been the general thing among intending shareholders to apply for double or treble the number of shares they wished to have allotted to them. It is quite the exception to meet with parties who have applied for the exact number they want. Therefore even if the directors, do cut down the allotted to one-third or one-fourth of those applied for, the disappointment will not be so great as might be expected. Several gentlemen in town have applied for a thousand each, but they are precluded from the possibility of getting them from the fact that a resolution haa been passed by the directors making 350 the maximnm number of shares that shall be allotted to any one shareholder, with the exception of those gentlemen who projected and have taken the trouble of launching the Company, and they are to be allotted an extra 150 for their trouble. Unbounded confidence is expressed in the future of the Company, so much so that I heard an offer made this evening for the purchase of a certain number of shares, in the event of their being allotted, at a very, considerable premium. The " spirits " are beginning toplay up again in Dunedin, and certainly their pranks are very eccentric. Your readers will doubtless have read of the strange goings-on in the hougenf MrThoa. 'Allan, as communicated by that gentleman to one of the Dunedin dailies— such as the placing of wool mats on the heads of ! young ladies, the mysterions abstraction of ear-rings from l the fair wearer, and the placing of them on a table in the room, the shaking hands between the spirits and, members of Mr Allan's family, &c, &c. The restless .spirit of some person named Thompson always makes its, appearance and assists in these amusing thongh. very unedifying and uninstructive eccentricities ; and lately one of the mediums had the pleasure of seeing and conversing with a spirit the knotted and twisted appearance of whose arm veins. induced enquiry as to whether he was suffering from any ailment, the ghostly reply being that there had been nothing the matter with him there — i.e.. in the mansions of the blest bnt that he had twice had the rheumatic fever when in the flesh. In tlie name of goodness, when and by whom is this extraordinary superstition going to be exposed, and the phenomena in connection with it explained?. Great King street— or rather that portion of it in the neighbourhood of Kincaid, McQueen and Cos., foundry — presented quite a lively appearance on Saturday, the occasion thereof being the launching of a new iron steamer just completed by that firm to the order of Messrs. Campbell and Richardson, of Napier, and intended for the trade between that place and Poverty Bay. The contractors have had nearly a hundred men at work nn her since beginning the , work about six weeks ago, and have made I everything in connection with her, including the engines. She was built at the premises of Messrs Kincaid McQueen, ! and Co. in Great King street, it being considered by them that they would effect a very large saviug both, in time and I money by adopting this method rather than building her at the water's edge— : the latter course necessitating a constant I running tb and fro, betweert the workshops and the steamers, besides heavy expenditnro'in the matter of cartage. On arriving opposite the Hanover street Baptist churoh the wheels with their heavy load were unfortunately dragged off, the metalled portion of the road by the horses, and the result was that they sarik into the clay, and all efforts to move the steamer proved unavailing. On Saturday, to-day, however, she was-to be transported to Pelichet Bay, where she ia to be 1 launched. „ The people of Dunedin who signed the petition to the General Government protesting against the erection of the workshops at Mussel Bay must feel rather BraaUatrtthe curt 'manner which the Committee appointed tb consider the questions | adopted in their recomendation to the House. The report of the Committee- is just exactly- telling the memorialists to " mind their own business." And it seems probable that the much-talked-of 1 workshops will be erected at Mussel Bay after all, notwithstanding the indignation which the proposal excited when it was first mooted. If this does turn out to be the case, the Otago members of the Ministry will meet with rather a warm reoeption when next they deign to visit U3.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/TT18731009.2.11

Bibliographic details
Ngā taipitopito pukapuka

Tuapeka Times, Volume VI, Issue 297, 9 October 1873, Page 5

Word count
Tapeke kupu
829

DUNEDIN. Tuapeka Times, Volume VI, Issue 297, 9 October 1873, Page 5

DUNEDIN. Tuapeka Times, Volume VI, Issue 297, 9 October 1873, Page 5

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