THE MILLION LOAN.

Wairarapa Daily Times, Volume 6, Issue 1582, 14 January 1884, Page 2

THE MILLION LOAN.

The event of each year to our New .Zealand Cabinet is the floating of the toillion loan in the London market. For months before'thls' operation there Is a famine in the Colonial Treasury, ■Applications for expenditure under 'Parliamentary votes are put off till the time, .when the- loan is placed, Last year ministers were very anxious as to how the loan would go off, but; this year we believe • they had less reason | to apprehend difficulties and how their, minds must be completely easy/ It is a consolation to find our.ijredit', standing so high in the London market, but wo liavo to pay dearly for our whistle. I By taxing ourselves .heavily, we are ' able to meet our engagements, but the elation at the fact of>- 9ur name being good in the .London Stock Exchange is sobered by the.consideration of the big property tax wo have to pay, and the bigger one wo may have to pay next year, and also by the sense of our utter helplessness and almost' slavish dependence on an annual, million coming to us by way.of loan-fro m England. An of the Standard Fire and .Marina' insurance Oorof'New Zea- : "land; appears iif another column.' ji . The %Vf'feather Traceyj successor to the Rev. A,' Hiilbwach3,'bas- arrived in the Wairarapai »od couduritfldjtlie services yesterday in. Stp Eattiek'fl Church, Masterton. We understand that'the congregation were favorably ifnproased by their new priest, '. • ,• , Mr Michael Dowiirig,-. ono of the four, who ' went recently- 'to- the .ranges—the lieutenant of the proapoofiuj party-has returned to Masiertqil, and declared thatthere is no gold in the'hills; ■ : : In the absence of the ftev Mr Paige,, who's taking his annual holiday, the services at St Matthew's yesterday were conducted by the Bishop of Wellington, A meeting of Stibjoribors to the Tinui and Oastlepoint Library : will be held in Public Hall, Tinui, on Saturday the 19',1i iiist, f«r the election of. a committee for the current year. Tlio N.Z. Shipping Co. bate received a cable stating that' their new steamer, the " Aorangi," i)ut'- : into;Hiibartbn Saturday" short of coal. Sho was to leave again yea'orday, and is expsciod at Wellington on Thursday. • . A Witness" in oiir correspondence' column ' bears strong;testimony io the wonderful power of diagnosis in disuse l>"Sßeßsed' by Signor' Otto' Hug, whose coming yjsit to the'Wairarapa is now exciting .considerable interest, We may s'utja-that the writer of ihe letter is a ■gentleman well in this district, whose intregriiy' ; ii) undoubted. As a further proof of .his good faith wo are authorised to give the name of our correspondent privately to any of oar readers who liny tnkedny special interest in ascertaining from whum.ic emanates.' • The 8.8. Napier which arrived in'Wellingion from the East Coast on Friday night, brought news of a fire having uccuurred. on Messrs Ridditord and Son's station, resulting in the total destruction of- a'sheaririE-aljedr- stables, cow-houses, and yard, and 14 bales of wool. The lire occurred about two o'clock-; on Thursday morning. Tho buildings were insured for £ISOO. The Agent-General telegraphs to the Government that the whole of the second million loan under the New Zealand Three Million Loan Act bus been placed above par. There wero COO tenders, the total amount- 7tei}dt;rfed • for boing £5,070,000; v Tenderers : at 104 5a 6d receivo 44 per ceot:, the remainder boing placed above that price. . The forty-foQvth anniversary of the colony is to bb celebrated,-at Wellington by the early settlors. with -a dinner instead of a lunch, as. announced in Ihe first instarico. ' . '■ : " The Ma-terton contingent at the "Wellington BiHb 'Association-meeting.were again successful at the ranges on Saturday,. In the Licensdd Victuallers. match, . 7 ShiUs at 200.300; aiid 500 yards, Anketel I 79, and' iiibble,white'' 73, were prize takers, and in the Citizen's match,-10 shu's at 500 .yards, Summer-35- and Matthews 32 were.also successful as prize •tikersi. , -. .

A special meotiii'y of- the Wellington Oiiy Council is cuiiyened fur thin.day to conji'der.a notice received of the. assignment of the To. 'Aro.reclamation-comract ■fram Mem O.'Malley and Pepperoll lo Mr and;to.receive opinions, of counseLon.-the subject.-. Mr'Oorcoran, wo understand,'is one'of. the sureties for tho contractors.. Messrs. Kapl>:tind Hare, of Masterton, art) -alao-surety, tho total amount of the bbod-being £5600. It may he added that on the'fith'Decemher the contractors to aedurcferfurmfinse of the Te Aro reclamation''itomract, executed in favor of the Corporation a' mortgane ot 2QB jacrea of Tand in the Ohrißtcliurch distnot', 835 shares in the Gntiti Agency,a.i,id (VlercaHtil'o Company, Hiici a bill of, sale, of a! 1 materials, stock, horses, engine, and other effe'ot'3' on the Te Aro reclamation,—Punt, Oa Tuesday "'night,"" before he left for 'he Wairarapa dutrict (the.Ptflaj repiriy tho Bjv Fitthof. Tr'eacy was' pre&e, te/i wtth_aa illujpiqated .address by hig Ljt* teltoa panahtdfiorJ; " 'and a purae .ot sovereigns. ; "'ThaW!Jdrfßi, signed by' Messrs E, Fendergastj- John Dunn, M„ ,Simotich,-fi.-Ga ! lagher, ajJ.iO'Reiliy, #nd. ■ft} behalf of the ,lais, nfter'i expressing 1 ;jy reMt I "."feSt; at haying jo;'pay-Fwitli jheir esteemed 'pastor, ..Filler, Treacy'a-wyfitj nut refortna in Church discipline,;,luß services rendered to the prisoners in priabb; his; work' at Ahroa and on. the Peninsula; how he had aucceedcd.ii) freeing the ohurcli in Lyttelton.. from pecuniary obligation, leaving it entirely,-.free of debt, and, notably the .sacrifices ho had made on behalf of the day' school con nected with the ohurcli, After the address had been read, the honored recipient addressed the well-filled suhoidloorn at length, thank ug them for the 'presentation, aud ievi«wing his. work, dnrinj; the lime he had been their pastor. He acknowledued that he felt his work had fallen far sh<ut of that- rendered by the holy, pure and'gotid man who bad oreceded him, and he felt he left them with joy, knowing he was to be succeeded by a better priest, one more worthy the, name of a man of God,'" The reverend" gentleman made an earnest, and most powerful apjoal to his hearers to look lo tho' education of-the. young, .to support the schools in whiijh Christ and his religion waß taught, and to avoid- giving, .'ooiintenance lothe sohoola the teaching in whioh was suited to Pagans and Inß'dels alone. At the close of his address .the oong'reeaiion took leave of him one by .one, wishing .hiorevery blessing in his new Bpbere of labor afc'MaStMon.' - Christmas Presents 11 The opportunity oV- daugiter, brother oi sister is ; 'blrpughi within rfcach of"all- by the special iifipiir'ta'tion ! of l goid ! &nd silver jmHery by A. Bibb," Jeweller, •■.Qaeen>streat,vfor the Christmas season, Silver presents from Is; gold (.resents from fis. All goods will be nuM in plain Mm and a yedootion of 10 per cant m be made on ordinary prices during the bolidays.-Acrr.

A.jrciniJg lady, a relative of Mr . Wa«(?t of the Priiice of Waloa* Hotel, .Mi, tlj.fi winning number in .tha .s.weegxlor Mr Donnelly's pictures, 1 which was', drawh on Saturday last.:v - t ■At the adjourned meeting of theWaifirapa Kifle Association held in.Carterton on Saturday )aat the following officers were appointed: President. . Major Bunny.; .Vioa-Praaident, Oap'taina Tully, Bennett and Donald and Messrs Beetham, Boys, and MoShane; seo.. Mr Seed ;ad<3itora, Messrs Wolters. and Wilaor, Committees were appointed for each township, viz., Masterton, Capt. Donald, Lieut. Williams, Lieut. Wilton, and Sergt Dalryraple; Carterton, Capt. Bennett, Lieut. Crawford. aud.Mr B. Boys j Greytown, Capt. Tully; Lieut. Cameron, and Lieut, Webster; Feacherston,'Messrs llacShanej Brunskill,'and Adam Donald.' ft was decided that : any' lesident in the Wellington Provincial .District was eligibli) to beootne a member. The number of members enrolled to date was reported to be 120. i The summer season is now wdl (advanced, and notwithstanding the extras ordinary amount of rain that lia's: interfered sadly with well as with farming operations, the usuab happy change from winterfur's and ulsters to. handsome dresses and elegant dolmans has uken place in'the costume of the ladies, who ate fortunate in being aMo 10 obtain a wonderfully varied, seleotrim without travelling from-. Masterton,where the stockof drapery, millinery, and clothing of all kinds id extensive and' choice.at Owes, Schroder & Oo.'s Hall, of Commerce, Queen Advt. j ;j