The Wairarapa Daily. SATURDAY, JANUARY 12, 1884. THE FINANCIAL POSITION OF THE COLONY.

Wairarapa Daily Times, Volume 6, Issue 1581, 12 January 1884, Page 2

The Wairarapa Daily. SATURDAY, JANUARY 12, 1884. THE FINANCIAL POSITION OF THE COLONY.

It is difficult to grasp the financial position of the colony without wading through myriads of figures, which, by their intricacies, are apt to mislead the anxious inquirer, The question of whether New Zealand is financially sound has frequently been discussedwith very unsatisfactory .results, -One section of our political .'pundits hold that the colony cannot prosper till' it works its present enormous debt up to fifty millions, while another maintains that our prosperity depends upon the reduction of our. liabilities. Our liabilities are so great that they can now only be counted by tens of millions, According to Major Atkinson' we send away two and a half millions of money annually in payment of interest on borrowed money; but according to Mr. Montgomery three and a half millions is the total Pro : bably the truth lies between theso eminent authorities, and three millions may be' taken as the figure, These three millions pay'interest on (1) the public debt of twenty-eight millions,: (2) the harbour and municipal debts amounting to' four milliolis" and (3) the mortgages which our friends' in England hold over properties in New ; Zealand which arp variously estimated, at from sixteen to twenty millions. This output of- three millions : for interest is further augmented by the' balance of imports over exports, which occasions another two millions to start homeward bound out of the colony. Against these five millions going'oftrf we may set down one million as coming in from loan and two millions as being introduced annually through private channels. • This would leave the net balance against New Zealand at two millions. Can wo afford to remit a balance of two millions' annually to England, and if not are we. not going to the bad by our inability to pay our way. If the accumulation of. wealth in New Zealand is advancing at a greater ratio than two millions per annum, we are fairly safe, and if it is not progressing at that ratio our position is a serious one. We believe that the accumulation of wealth in New Zealand is proceeding at a greater ratio than two millions per annum, The land pleared and brought into cultivation year by year, and the increase .of stock and the multiplication of local indnstries are a guarantee to the colony's creditors,, bub still,, it is. evident that we are sorely pushed for money, and if not in a dangerous position we aro at least surrounded by embarrassment?, ■ """—■'■?,"■"■' r-'aa,,, Mr Sandilahds, solicitor, notifies jtha) an application for the' discharge of William Bartlett, of Carterton, a aebtorj will. be made at the Supreme Court', Wellington, j)n /tjie 22nd innfanf. ': ThePahialua aettlersbave nof,ato a good deal of trouble, got their new Boaa Board fairly under.way. The man of their choice, Mr Sedoole, is appointed returning officer, and the election, o! wflem is fixed for March nut,

Tenders are invited through bur ootuinni '; for■•'.the ■ erection' of,"cbuithpuaeß at ' Ormondville and Woodville. r Our.readers interested in the luncheon ' about to .be given in connection with the ' torty-fourth anniversary of ih'e colony will find the'names of the committee and all other information in out' advertising 'columns. ..,.. Mr DoneHy's art union will be .drawn this : evening at the Prince of Wale's ■Ho'el. ■ ,-, '' ; ;;/ Messrs M, Oaselberg & Co bave,beeli i appointed agents at Maslerton ■■' and i Greytown for the Colonial. Barbed ; Wjre . Manufacturing Company. The prices'in 'Wellington are published in ; another column,' '• ■; Tho following are Hie records for., the week ending January 11th;—Rain fell on 'two days,;giving, a total rainfall of "595: parts of an inch. The barorneter ,menu for the week is 29'515 inches, Tho thermometer mean ditto ib 67 Fah, The 'wind was light,:and from a soiith or north direction. We have received a. copy* of the first .standard of a now series of New Zealand arithmetic class books, 'compiled by Mr R/Xe'e.': printed; by Mr Hughes of Wellington,' and .published' at sixpence, The copy before us'jsi carefully propared,the little pupil beins; helped forward step % atop to a thorough understanding of the mystery of figures. "Tho following appointments of post- : masters forycounUj'Ppst' Offices in tho • Wellliu'gton''district have-been J. H: Puwti|,..J)alselJ; J. Jprieb;--Eltolahuna; J. L Lennie, Paramatta'; 0. Rogers, Tauoru ; A. M Hutcllon, Whakataki, ' - . '-: ■' A special meeting of the Mastertottl 'Hospital Committee was held.yesterday to consider tenders for hospital supplies; •Two were received, that of Messrs paßel; berg and Co. beine ' accepted, ; The members present were Messrs Boddinglp'n (Chairman), lows, Perry, andPayton.,:. .The Finance Committee of the Master-' ■',; ton'Fite'Brigade mot yesterday; —Messrs. Payton, (Chairman), 6. Dixon, jand W..Sellar. 'Jti-.was resolved that sum .at. six guineas : be voted towards expenses of Masterton delegates,, at the Nolaoh conference. We understand that I the brigade will : be represented this year by Messrs Muir and Eastlwpe. Theßorough poll yesterday resulted as 1 'follows::;Johnston 142, Dixon 84,'Shute 48. Mr Juhnston's big majority was somewhat a surprise, but. when it was observed in tho courso of the day that the country settlers in the Borough were one 1 and all coming into town in his vehicles, and that the actual town residents were comparatively indifferent in recording their.'votts, the return of Mr Johnston was regarded as a certainty. ■'.■•.'.'. Tho Greytown Fire Brigade practiced aa b usual on Thursday evening. There •was a full muster under Capt. Baillie •and Lieut, Maguire, Two wells were tried, but it was found.that they were not in a satisfactory condition, but nothing can be done to them until the fall of the year, when they will have to be cleaned out to mnko them of any , service,

A meeting of the Committee of the 'Masleiion Swimming Club was held last evening, when a programme of events for the 22nd inst. (Auniyersrry Day) was drafted, It comprises'ls. items, and spears in another column', Last: year !thia»Bvent was an extremely: popular one, and was attended by about GOO 'spectators imd on this occasion it will be a favorite gathering place for holiday inakora on Anniversary Day. Seats in favorable positions (or witnessing the spflrts will bo .placed for the convenience of ladies, and under' tjie conduct of the officers and the committee of the club n very'enjoyable afternoon, will no.-doubt bo spent. It is ■iiitetided'toask the. Masterton Volunteer 'Band,' which has so. kindly and ably btiliv'ened the Christmas season by playing 'proximo publico, to give a few selections on Iho ground on the day of the tournament,.,. 1 • Thd Post aufifgeßts that Mr Wardell Should be appointed Resident Magistrate of Wellington, and be permitted to-visit the Wairarapa townships at intervals. We have to thank our contemporary for the latter concession, It does not propose, to altogether sacrifice Wairarapa interests', on the Wellington altar, It.will permit. Mr AVavdell, who haß belonged to'us for the last twenty-fooiv-years; to come and sob us occasionally. This is- truly noble and generous on the pavt of 'our contemporary, as of courso with its'influence at the bigaeal wooden building in tho world, it could whisk Mr Wardell from us altogether, and not aK low him even to vfsit tu at intervals. '

; According to the Standard, the residents' in the neighborhood of Mr T. Kempton's house, Greytown, were kopl awake last night by..thd ".tin band." For nearly three hours they serenaded Mr Harry, Kempton, who yesterday look unto himself s.wife. Even though they wpro once,under. threat of being shot tbo band piayed-pji. until.with, aching arms they went home. Beforo leaving, however, the kerosene tins wero thrown on the top.-of the house, and this morning the'empty'tins suggested that this was wher'othe tenVirgins-^or'rather five of tbo oil for their lamps when thoy wont out. to meet tho bridegroom. In the weights just declared for the Waneanui Cup, Administrator has 6st 101b,' Consul, Ost 91b; and Gabble, fist -.71b:- In the Flying Stakes Administrator 7st 91b;.Conaa]j ?st Bib: and Gabble, fotlOlb." '.'•":. -■. ■" ; In. .the Wellington Rifle'. Association meeting yesterday,-Cnrpl. Anketell of the •Mo4erton RihYs/ got third.place, in the ■president's 'm%h..,wi.th.a- .of;77 r . of the. Wellington Artillery ;being tnp'scdrcr with 80, at 300 and 400 yards, ien'slio!3at'eachraui<e,. In the Wellington maich, Vol Kmnmer shows up among the first ten scorers wi'h 67 points, at.200 and 800 ymU seven shots at each range, '. ;•, '."■•' Tho Duke of Westminster has decided to mako a great experiment ron'-his London property, He will not allow any new public-houses to beestablished brt Oiia town estate, and as tho leases of existing houses fall in ho 1 will not permit thorn to continue as licensed houses. The Duchess of Westminster is a wearer of tho Blue Ribbon Army badge, as well as her relative,.the Duchess of Sutherland, A big Yanked from Maine, on paying his bill in a restaurant, was told that the sum put down; didn't include tlje waiter. " Wall," he roared, "I didn't eat any waiter,, did If.. He looked as if he' and thero was no further discussion, A new -Caledonia;,convict named Adeline has received so .many cumulative sentences that, according to the Noumea correspondent of the .Sydney. Morning Herald, his time for liberation does not arrive tijl-tlje year 2036, after which he is condemned' tp 10| years'; police--surveillance.; In all lie has. received, condemnations amounting to 153 years' Hard labour, ' '■'''" ; f: Over 130,00,0,000 cans of tomatpej have been consumed in - the United States within the last years.

opened at' Hull on j: trade. It covers i ;V. ;^e:rvquesti6a -of dryifng .up,.the. Zuyder ; Zeo is being actively discussed in Holland. The. ■Royal Institute of Engineers purposes holding shortly a public .meeting pf; .their. body at Amsterdam to thoroughly examine the schemetfor carrying oiit this idea by connecting by dykes all the islands that j form its outer ; fringe, and..so pertnan--1 ently excluding' all inflow -from the North Sea: ;; ; ... , A butcher at Klofen, in-Canton Zurich,.Switzerland, recently killed a • diseased sold, the flesh. Ninety persons who/ate offit have fallen ill and five of them are hob' expected to rocover, Two goats that drank from a stream into -which some broth' made" from the. infected veab.was.thrown'also became ill,- and one nas since died. The the butcher has been arrested. ; Tho late Count da Chambprd, is said 'to have had a passion for hunting, but it was a-thoroughly French passion, ,and revolting to all wh.o..haVe.a manly ideal of sport. IrLhis last; illness he .had' His couch' wheeled out into the •park that kmi#.ikrei i propped up iwith pillows,'and'his gun steadied by an'attendant, ;slioofc a stag that, was ; ('caught and led up far iM purpose. ' /''The Liverpool magistrates, .on.the .application of the local branch' of the Bank of England, granted a warrant ,;on •;• Sept/ '• ;25 under - curious circum.stances.. A. commercial traveller called iat the- Bank' for change of £l5O in notes. The teller/ in error, handed . ;him four notes of £IOO each instead of iiotesfor £lo.' The traveller-left, and was supposed to.be enjoying''the ' j.wiridiall in:tbe Isle"of Man. , • ' :. Atthe'DaiYermeTheatre, at Milan the other night',,.ah American- gentlei 'man named'Shepherd''-created-a great 1 sensation by appearing with a luminous [ scarfpin, which was' more nor less than a tiny electric lamp warranted to go for five' hours, by means of a ! small generator coneealed-iii thewaist- , coat pocket. ' '■■ A.recently published report shows 1 that there are in Italy 32,000 Evangelical Christians belonging to | tho various churches. 22,000 foreign r Protestantiarepermanently settled in i the country,' and 8000 are passing .visitors.- Each of the six denominaI tions into which the 'Evangelical ) Churches aro divided spent in Italy ' more than 100,000 francs a year. , ' ' Some cheap restaurants in Brassels t have palmed off dog flesh on their ) customers. A dog butcher at M'olen--1 beck had a monopoly of ; the trade, as 1 his father had' before him. Tho police caught him in the act of delivering a \ joint weighing 121bs at a restaurant in \ the Place des Renard, and on search ■ being made at his house several dogs I were found waiting their turn to be r. killed. ' ' -The summer season is now well ad--1 vauced, and notwithstanding the extra--3 ordinary amount of rain that has 1 interfered sadly with outdoor exercise as 3 well as with farming operations, the usual j happy,..change .from winter lurs and j ulsters to handsomo dresses and elegant ' dolmans has liken place in the : costume B of the ladies, who ate fortunalo in being 8 a'lle to obtain a wonderfully varied : selection without travelling from Master- ' ton, whore the stock of drapery, millinery ' and clothing of all kinds ia extensive, and 5 choice at Owen; Soimoder. & Co.'s Hall • of Commerce, Queen Street.—[Advt.J CnnisiMAS Peesksts 11, The opportunity I of making an elegant and gratifying present 3 to son oi'daughter, brother or sister is t brought within reach ■of all by the special importation of <jold&\\& silver jewellery r by A, Eish, Jeweller, Quaen-slreet, for , the Christinas season, Silver presents from , Is j Rold present's froni ss, Alt goods will bo marked, in and a reduction ' M 10 per cent will ho.made on ordinary ' prices during .tile ■■•'•.

' After several years' eiiperi'encp in supplying watches for tlio'cotonial market; Littlejohn and Son, of Lambton Quay, Wellington, have observed tbo need for a thoroughly sound English Lever Watch at-a lower price than that lisually.pjiid for silbh watches'. It is only bj'the judicious division of labor and by the manufacture of-largo quantities on a uniform plan, that we "are enabled to meet this, want We have now the pleasure of introducing our Six Guinea Hunting Silver Lover. This watch, being .simple in design, durable, highly finished, and accurate, fulfils all the requirements of a pocket timekeeper, A written guarantee for two years will be given with each watch, Sent by post, securely packed, on receipt of Post Office order or cheque,-(Advi) ■ Cataiuw op thb KApDER.-Stinging irritation, infiain'atidn, all "Kidney, and similar Complaints, cured by " Buchu-paiba.' Moses, Moss & Co., Sydney, General Agents, Ex British have justreceived and opened out ono case of the fashionable Hei\rg. JI, hats, for ladies' wear, at 'Te Aro House. We are' now showing a choice and fashionable selection of ladies'and children's jaunty Ijats at Te Aro'.'House, Wo havo now for the delectation of juveniles three thousand toy balloons at 3d each, at Te Aro House, You should seethe new Japanese cabinets,! photo.' frames, fan brackets, graphoseppesi storcoscQpe's, and a heap of ■other charuiiiiig articles, specially adapted 'forNeW. Vear'sj-gresehts'/'at To Aro House, just opened oti't'a'fow choice' infants' hats' •iir cream, grey, and striped velvet and swan, and wo are also prepared to sell 500 children's pompadour, granny ; 'bohnots and white quilted hats, worth from 2s fid to 4s 6d,.for one shilling each, at Te Aro House, We are now showing an assortment of boys' strong ribbed cotton. khickerbocker hose, specially adapted for sohool and holiday wear; also, blue and pink Lisle thread hose in all sizes, for. children's and ladies' wear, at Te Aro House, Cuba-street, Weilington.Advt,