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BY ELECTRIC TELEGRAPH.

[Anglo-AustralianPress Telegraph Agency] WELLINGTON. July 19. The Engineer-in-Chief considers it quite hopeless to look for the working expences on the Kaiapoi and Eyretou railway, which will not be less thau £2OOO to £3OOO a year. The Ashburton and Tiraaru railway will open a district of hundreds of thousands of acres for cultivation. It is estimated the revenue will be £48,000 a year, the expenditure £38,000, leaving a nett profit of £15,000. The Waitaki and Moeraki railway passes through one of the best districts in the Middle Island. Sixty thousand acres are under cultivation, and it is expected the railway will give a revenue of £17,000; the working expenses will be £14,000. For the Tokomairiro and Lawrence railway the annual profit will be £8000; working expenses £IO,OOO ; revenue £IB,OOO. The Winton and Kingston railway will give a nett profit of £7500. The estimated receipts are £26,000 ; the working expenses £IB,OOO. Plimmer and Beeves quote flour at £l3 to £l3 10s ; oats, 4s lOd to 5s 3d ; potatoes, £3 12s Gd; cheese, 9d; butter, lid; wheat, 5s 3d to 5s 6d. July 21. The Iron Sand Company has obtained all it required from the Taranaki Government. The lease has been modified so as to grant greater concessions to the company. Shares are being rapidly taken up. Mr Smith visits the Southern Provinces to canvass. Operations will be commenced immediately. The Volunteer Land Act repeats the Volunteer Land Act of 1865. Joint Stock Com panies Act Amendment makes the Act apply to associations for banking out of New Zealand. NAPIER. July 19. Mr Brogden has sued some of the immigrants for the payment of promissory notes for their passage money. The notes were not stamped with New Zealand stamps, but stamps having been affixed, judgment was given for the plaintiff. The Magistrate said that if Messrs Brogden and Co. had not held the notes they would have made themselves liable to a penalty of £SO, but as they had not been negotiated, no penalty was incurred. DUNEDIN. July 19. The financial statement for the past year shows the Provincial revenue to be estimated at £502,743, and the expenditure £518,688. The Jockey Club propose to value

the Duaedin Cup for next year at £3OO. July 21. Tenders have been accepted .for the £12,000 Corporation Debentures at an average of £lOl 10s. David Proudfoot is the successful tenderer for the new Kail way Wharf, and reclamation at Port Chalmers.. CHEISTCHURCH. July 19. Royse, Stead and Co quote wheat at 5s put on board ; flour firm at £l2 to £l2 10s ; feed oats 4s 9d ; milling 6s; butter Is 3d ; cheese Sd. A new Bill has been drafted grant-' jng extensive powers to the Corporation. Two hundred persons attended a dinner given by the Orangemen. Five hundred shares have been taken up here in a proposed Saleyard Company. AUCKLAND. July 19. At Mr Lusk's meeting an hour elapsed before the candidate was heard. At the conclusion of his speech a motion was proposed to the effect that Mr Lusk having introduced the education tax was not fit to be Superintendent. An amendment was then moved in favor of the candidate, wh<m the lights were immediately Extinguished and the chairman and others on the platform were hustled and bonnetted. The gas was re-lighted, and the motion against Lusk carried. It was the rowdiest meeting ever held in Auckland. The Rev. D. Hamilton, Presbyterian minister, is missing. At the soiree given by the Orangemen 1200 people were present.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/WEST18730722.2.9

Bibliographic details
Ngā taipitopito pukapuka

Westport Times, Volume VII, Issue 1091, 22 July 1873, Page 2

Word count
Tapeke kupu
583

BY ELECTRIC TELEGRAPH. Westport Times, Volume VII, Issue 1091, 22 July 1873, Page 2

BY ELECTRIC TELEGRAPH. Westport Times, Volume VII, Issue 1091, 22 July 1873, Page 2

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