[BY TELEGRAPH.—PRESS ASSOCIATION.] WELLINGTON, Last Night.

Waikato Times, Volume XIX, Issue 1573, 3 August 1882, Page 3

[BY TELEGRAPH. — PRESS ASSOCIATION.] WELLINGTON, Last Night.

The prospectus of the New Zealand Electric Light Company (limited) has been circulated. It is to be floated on 10,000 shares of £10 each. The company is formed for the purpose of lighting the principal cities in New Zealand, by means of electricity, and also using it as a motive power. An influential provisional directory has been appointed in addition to whom local directorates consisting of three shareholders in each will be appointed in Dunedin, Christchurch, and Auckland, to take the management of works in their respective cities, and by these means do away with the expense ot having a full list of directois in those places. Nearly 6000 shares are already subscribed. In the Supreme Couit, yesterday, the case of Hurry v. the Bank of New South Wales was tried before a special jury. Plaintiff is a saw and flour miller at Gisborne, and claims to recover the sum of £8000 for trespass and conversion |of machinery, plant, etc. Messrs Edwards, Massic and Fitzgerald appeared for the plaintiff, and.Messrs Holmes and Cowlishaw for the defence. From plaintiffs statement, it appears that plaintiff had been carrying on business in partnership witli Mr King at Gisborne, under the style oi King and Co. In the year 1880 it was arranged that King should retire from the business and plaintiff carry it on. This was at the request of the local bank manager. The manager agreed to release a bill of sale which the bank then held on the machinery, etc., on condition of King executing a mortgage upon two ships called the Opotiki and Advance. This was done, but some short time after the bank seized the whole of the machinery, etc. The examination of the first witness has not yet concluded, and it is expected the case will continue till Friday.