ANGLO-COLONIAL NOTES.

Auckland Star, Volume XXIV, Issue 242, 12 October 1893, Page 5

ANGLO-COLONIAL NOTES.

j, 088 SPECIAL CORRESPONDENT.)

London, September 9,

GLASGOW'S HEW A.D.C. TAIS AW** AIKS SmWART wiU *° oub to Zealand by one of the Orioi-b boab* Ne1 .sbly'h0 or°ya)ln ocfcober* remaining tiD \M io Ceylon en route. Captain 8 rti succeeds Captain Hunter-Blair as Ste"'' tQ jjis Excellency the Governor, A*B" ,:,»nb Aide having to rejoin his regitbef Mrs Stewart, who ia Lady GlaaDie3t'' ister, will, 'tis understood, do the gow' , Q over nmenb House during bhe bo° aot the Countess, who pays the Old c boSy»vißibea^lynextyear• PERSONAL NOTES. , j Mrs R. A. Carr leave for New n i od * Sydney, at the end of thia jf ' Tbey hove been paying visits to ' IBa* kindred in the north and south of T?6lknd and Mr Carr ha 3 also got* throuSh i Amount of business. x jndMrs J. McCosh Clark are spend.t» holidays in Switzerland, and Mr I?,? .Samuel, of Now Plymouth, is, I 01 idala* still abroad. B\lr Henniker Heaton goes like Mr Kip- • 'Paget';, M.P.. to apend the recess in x'H'l bub there all likeness ceases, the titer for Canterbury carefully announ*e the visit will be one of pleasure BMrA G. Horton (of the " New Zealand ffarild") aad Mr C. Rous Marten have seated invitations to be presenb ab the forth®f. conference of our Institute of Jourhat". Professor Pearson will represent the Victorian press. _ Mr Woodruffe, the veterinary surgeon, hooasseaall live stock aenboub bo New Cland, died rather suddenly last week. Tie wa«a capita' man for the office, and his tLge. in the main were fair enough. I fold yo« the Agent-General thoughb some nf them excessive, and was moving to inlire thereinto. It seems thia merely rel,riA to the fee of a guinea demanded for S a dog a cles.n bill ot health. For a Valuable highly-bred animal this mighb nob be too IBM*", but {t fal' 3 hardly on facers, lit tempted to take oub sheep dogs or old fav o U rites of no great money value. Beta appointing a new man the AgentGeneral means to see if tho tariff cannot bo ""jlr Pearce, of Wellingbon, is back again foLoad-n. Ho haa booked his passage bo nku.n to New Zealand by the s.s. Orienb, .ailing October 20th. Mias Reeves (sister t i Bon W. P- Reeves) sails by the Ruawho nexb Thursday. Mr Maleb, of Christ«___nreb, is believed to be at Carlsbad, but jo one seems to havo heard or seen much o! bim in Europe. If ho visited London he j.v.rputinan appearance ab the AgentGeneral's. The Mosgiel rugs sent as a wedding preaenk to the Duke and Duchess of York hTe arrived just too late, to be exhibited with the other gifts at the Imperial Institute. This is a sad pity, as they are exceedingly fine, and should undoubtedly lave attracted much admiring attention. Lady Buckley, after a sborb stay with ier cousin in London, has gone to visit friends in Scotland. Thence I believe ahe proceeds to the Emerald Isle to await Sir Patrick's arrival after the close of the session. The Agent-General some time ago joined the Golf Clnb at Wimbledon, and ia one of tho mosb ardent players on the links, Lord Onslow and Sir James Fergusson are in Scotland grouse-shooting. Tho latter, however, comes south for the meeting of the New Zealand Loan and j Mercantile. I

Mr Wm. Smith (of Messrs Smith and Caughoy, of Auckland), with Mrs Smith, tailed on Saturday last for America. "Writing from Londonderry on tbe 2nd he saya they travelled thab way in order bo see some old friends. " Though our faces," Mr Smith goes on, "are now set wesbwaids, wo do not expect to reach Auckland before Maroh, our route being via Canada, Chicago, and Vancouver to Japan and China, thenco to Australia and home. I lave since leaving London completed a me., enjoyable yachting cruise to Norway, a country no colonist who can afford the trip should on any account misa seeing. I am glad to hear good news of continued pw.pority in New Zealand. Ib was excaodingly pleasanb to me to note the tone tl confidence adopted by ciby folk in London in speaking of the colony. Everywhere there seemed to be an expectation tbab New Zealand has a good time coming,"

Captain Thomas Roberb McCoy, who pied away in his 70th year after a brief illness last week at Portsmouth, served with the 96tb Foob in the New Zealand War. By his death Portsmouth losea a Jealous Conservative and an active member of ita magistracy. He was treasurer of the. Conservative Central Council, and an ardent Primrose Leaguer. The matiy friends in Auckland and elsewhere of Mr and Mr3 Henry Reynolds will be grieved to learn that their youngest child, born eince their settlemenb in bhe Oid Country, has been taken from them. -bo poor little fellow succumbed to concisions at Horsebay, Salop, whither his parents had gone for tho summer holiday, on Monday week last. He was not quite two years old.

The Rev. F. I. Walters, of St. Patrick's College, Wellington, who arrived Homo recently, is at present staying ab Dundaik, in Ireland.

NEW ZEALAND INVALIDS AT HOME.

Though Mr A. G, Horton, of tbe New /.«land "Herald," ia, as I have stated, amongst tho eminent colonial pressmen who "aye accepted invitations to meetM. Emile waabthe Conference of Journalists next Weak» 1 scarcely expect him to pub in an Warance. Mr Horton and family are at Kesentab Bournemouth living very quietly. *"" Hortoa's health, ono is glad to loam, J. aa, greatly improved, and he seems dewing considerable benefit from his stay 11'topine clad Southern watering place. *>» ha still Bhuns all excitement and pub-

. Lionel Goring's friends will bo glad to ™n that the operation to his eye bas been »»«successful, and the sighb of it is quite '"toed to him. Borden, where Mr and Mrs J. B. Russell Cv • U a Tery comfortab!("* furnished li(,_ S"k a nice Sarden and conservatory, Z j amile and a"half fromWimblohU 18 more country than suburb. Ib „,,. B°ffie gebbing-ab, however, bhe bram Mil.? ,m town being indifferenb. I ww <m Mr Ruasell yesterday, and found Z v* very much better than when I formM m aßt* Tho»eb »tiH encased in »W_v ? • U°Q su PP°rts> he can manage in fc«L 81b UP> and Koa» out driving on 1*™««". Mr Russell admitted his Sr WM £ood> but scarcely aps« R ln, a9saDßuine spirits about his case i nave known him. I did not gather thab W«ii ? WBre ab all dissatisfied. Mrs llil v. d _the M'eses Ruaecll like Morden. have h Bell and ono of hor s!(,terß flisnrl. • i BPen(ling some weeks with retnrn "i" the north oi Ireland. They only & °. n L Thursday, Miss N. Russell eatin' V I i. h6r a bookful of moat inter"taiifr, ?u .ea wllich Bho had executed Diana f thf vieifc. M r R nase i] hag made no V.T. tha fQtnre yet, barring that when ttovn! .r6ather comes the family will 00 south somewhere. Soil , tella me that Mr H* Rußßell M«' , ver V 0" Australian surgeon, C a nephew of Mr David Nolan, of Auckh.L ffl*° "as charge of Toowoombs mi> New South Waloa, has recently

brilliantly performed a difficult operation of a aimilar nature to that which he himaelf underwent. The pabient in bhis caso was a woman, and almosb in extremes, when Mr INolan discovered bhe source of tho mischief, and cut it away. She is now all right again. An account of this remarkable operation appears in a recent number of the "Australian Medical Journal. It has gained Mr Nolan immense repute.

The health of Mr W. Latham (who spent last_ winter in New Zealand) obliges him to again seek yonr balmy latitudes. Accompanied by his wife he sails in the Oceana. Mr Percy McArthur will ohorbly be amoagst his Auckland friends again. Ha sailo for the colony by the Arcadia on November 10th. Mr James Hay, the popular Canterbury lawyer and advocate, brings his holiday in the Old Country to an end very shortly. He will take Melbourne and Sydney en rcntte »o Timaru, sailing by the Australia (which has already nob a vacanb berbh) on Sepbember 29bh. LORD ONSLOW'S FUTURE. Lord Onslow has pabched up his differences with the Conservative leaders, and should the Unionists, as seems probable, return to power at the general election, ib ia very likely he will be made Colonial Secretary. Lord Knutsford could not, of course, be passed over, but his health ab present would prevonb his taking the seals again. If Lord Carrington has some grounds for' complaining of being relegated to a secondary office by the several chief a, Sir Robert Herbert has a far more serious grievance againsb bhe Conservative lead. The [ papers havo stated ho refused a peerage, bub I learn on good authority that though promised ib waß never actually offered to him. Tho majority of colonists, probably, hardly realise what they owe to Sir Roberb. Under his predeceaaor, Sir Fredrick Roeers, the colonial office was galloping the, Empire towards disintegration. Sir Roberb Herberb, by persistent efforts, by great knowledge, and especially by the exercise of wonderful tact, was largely instrumental in tho volte face, and the tremendous revulsion of public opinion. There can be no doubt whatever the Empire owes him a great debt. Sir Robert has now settled down at his beautiful houae at Tckleton, where he recently entertained the Sultan of Jahore and suite. He cornea up to town twice a week, having joined the Board of the Union Bank of Australia and of one or two othor commercial undertakings connected with the colonioß.

AUCKLAND SAVINGS BANK. Ibshowa how thoroughly New Zealand's credib has been re-established in bhe City and how firm it now sbands that the news of bhe run on the Auckland Savings Bank did nob in any way influence the London money markebs lasb month. The AgentGeneral saya very few people have even mentioned the matter bo him, NEW ZEALAND LOAN AND MERCANTILE. Colonial readers will bo anxious to learn something respecting the New Zealand Loan and Mercantile. Not much is known at present, but I learn privately that there have been several important conferences of tho Committee appointed ab the meeting of debenture-holders, of which I gavo an account ab the time, but nothing definite haa been settled. There ia, ib seems, much friction between the unsecured debonturoholders and those to whom the wholo of the uncalled capital was mortgaged as a means of raising tho last instalment of working capitul. Unless some agreement be speedily arrived ab by mubuai concessions aud compromise, bhe liquidation of the Company seems inevitable. This would be a vary unfortunate—nay, a disastrous occurrence from evory point of view, be- | cause it would mean an entire sacrifico of the Company's business, which is still a going concern, worth not £250,000 as stated by Sir James Ferguson at the meeting, but a clear £310,000 per annum. If terms of reconstruction can be arranged there will probably be an entiroly new Directorate, and thero is no reason why the Compauy should nob, under a well-considered scheme, have an even more prosperous oareer bhan heretofore. To achieve success, however, aa onbire change in the personnel of the Board is deemed imperative by those who have studied the pasb of this huge corporation.

Since writing tbe foregoing I have received a further communique from a private source. My informant states that a provisional agreement has'been come to, and thab within tho next fortnight the Statutory meeting of the Company will be hold, when a scheme of reconstruction will be submittedforconaiderationandadoption. A main feature of thia scheme will be the issue of fully paid preference shares for a considerable portion of the new capital, the present shareholders having the priority. Before this can be done, however, the unanimous consent of the Consolidated 4 per cent. Dsbenture Sbock-bolders musb be obbained. It is now said bhere will be no difficulty in getting this, as everyone admits that to adopb liquidation in preference to reconstruction would be sheer lunacy. In any case, my friend says, the formation of a new company is a practical necessity. " The present company has been in existonce 28 years, and during that timo much has happened calling for improvements, notably in tho Articles of A^rociation, but moro especially in the memorandum thereof. I think the New Zealand aLareholders may rest assured that tho outcome will be a satisfactory ono. Seeing that tho contingent liability ia £22 10a a share, they cannob help feeling very anxious aboub ib." As my informanb is heavily involved in the New Zoaland Loan and Mercantile, he probably understands well the feeling of the New Zoaland shareholders. He is not given to taking optimistic views in financial mattors, and that he looks cheerfully to the future of the Company should be comforting to colonists involved.