CHRISTCHURCH, Thursday.

Waikato Times, Volume XXI, Issue 1729, 4 August 1883, Page 2

CHRISTCHURCH, Thursday.

There is quite a rush at the Waste Lands Boaul tor prospectots.' licenses at Altoid Poiesfc. The commissioneis aie limited to 320 acres, and have granted neaily thuty applications. At a meeting of the Pioneer Diamond Company. Mi Kehey s last telegiatn was read as, follows : —" Diamonds been tested by thoioughly competentauthoiity, who declaies fair propoition genuine ; cabling result of cutting on Fnday." The value of Pioneer shares is £50, and the Koluuoor £'22, The annual report of the New Zealand Shipping Company congwitulates the hhaieholdera on the satisfaetoiy lc&ult ot the past year, but legiets the total loss of the Waitar.i with 20 lives. The City of Perth has been added to the fleet, and a contiaot cnteied mt-o with Mcs&is Elder and Co., of Glasgow, for tluee bteamcis of 4000 ton& each with a seagoing speed ot twelve knots They aie to be ot steel, and the liist is to be launched this mouth, and will lea\e JOn gland in October. The report than reteia to tlie successful passages of the direct line of steameis during the year, and the establishment of important rcfrigciatinsr height. The insurance account has met the loss of the Woitara, and stands at £5081. The balance of ciedit of profit and loss after covering losses and allowfor liabilities, to the close of the financial year, i& £26,523 which is recommended to be appi opriatcd as follows : —£7500 to reserve fund, which will then be £120,000 ; to dividend of 10 per cent., of which a moiety was paid in January, £12,027; carried foiuatd, £10,396. Mr H. J. Tancied has been added to the Board. The retiiing directors are Messrs. Coster, Murry-Ayusley, and Tailored—all offering themselves for re-election. The dividend will be payable on August 15.