THE MONEY MARKET.

Bay of Plenty Times, Volume XLI, Issue 5968, 6 June 1913, Page 4

THE MONEY MARKET.

BALKAN* WANT A , l)liK1> MILLIoV*'Now York ""*' '"* mark,,. '~J^S 4. |)anir. U llltlijuj I'-ssuni^iic n , pol . ta ahroad, c..up| w | '% luwcHiiiius nuainsi ,|,,, '!"'>'* "'■'• "ii ami t,,i W( ;:;; !'»«. arc responsible. u^.

]-<>n<ion ,1,,, 1.. i.ay- i,,,. n ,iv, („ :; iis*n ni-rrptaijir of st ( , r j, N • l? tuiinflatioii. (> NVU^HS|

■I lof heavily! C .i' lr;: muvrwniii^"Pmuo,s * s ■ I I-M.ursrs aiv .vrovmn..- * I ;:l Tl; tMv was a () f . I 1 j W'-akurss ,>,, th,, Stock p' I . fall ot pnevs was nv-oitlwl I - I Si. Prtcrsbiiro-. j u , u ; j I 1 fh^ "»«»nal authorial '[.•omshKm; that Uuv Chin^ I i !oan , lht' PmmWl ! ta.'lor <»t the av<m-Ul's muU(i ; I nuirkft, and that its' atlr a » I tivrni'ss has lmvoivd all ' m * 1 I t.iatidiial scciiriiios. m, i r;'^at,<t- strinuoiu-y will h o [^ I j when the Malkan crisis i^ o , H j' I • mI. as ih,. bciliovronts \\i}[ ~'. M <illilv fluii.DOn.ooii l() m I yooti the woar and tear of th,. f; i war. f I .1 lifted hy means of m tackle. I] ( » r , | not think the cost would he !ioav\. \\ If | was derided to retiiie.st Mr Gle<k<!< ( » t ito rpmovp the pbstmctinn: hiim^ I cnnuilia^ce by him that the Harbour \ master be instructed to removo the - obstruction at Mr ("IJcdstancs' e^. \ pens°. '* Mr Southey said that numerous \\)i. . low tro^s were growing on the VVai i-".ppu Riv^r. _ ll j Air Stewart moved That Mr Moss? ? be notified to cut down trees, U\\\^ $ , corrpliance by him the Harbourmas- I s' ter to hay«? the work carried out « f Mr Moses'expense. Seconded by Mr & Gill. . ' ' " t Mr Adani^ pointed out there was a fr doubt of the Board being :ihl*» to re $' cover cost" if the Native failed to £ comply. He suggested that the mot- f} ter be referred to the ExfciitiK f} Committee to confer with the Ha*- | bourm aster. | The mover and seconder aereed t» ?• Mr Adorns suggestion and tho motion ? s was altered accordingly and put and '<; c -rried. \ Re staking i(the mangrnvfa" cbr- k. nel. Colonel Ward said it was reasnr tk able to have, the work done. There || was a go; d deal of traffic by the route, m Mr Stuart was in favour of staking »' the channel at a cost of iIG-or £8. i; Mr Grant suggested that the work iff should be done by the Harbourmaster, g Mr Adams concurred 8 Mr Grant moved -That the raaUw H ot staking the Wairon and "the Jm mangroves" channels be left to the |j| Executive Committee, with power lo m art, cost not to exceed £ 10.---Second- fm ed by Colonel Ward and carried. || The question cf lighting was de« B -■ Foreshore Licenses.-- ■ 11 The Secretary of the Marine Depart- || ment forwarded a list showing tk Jm licenses issued h.y the Governor-in' H Council to occupy foreshore in" Tau*. g ranga Harbour, together with a copy g of each order in council containing the mm conditions of lease. The comiminica- H tion showed that foreshore licenecs B had been issued for: B. L. Knight, H booms, Tuapiro Creek; Tc Puna Road am Board's landing shed; Bowentown g| landing shed; F. H. Wood's boat- g sheds, Tauranga; County .Council^*. ■» wharf, Uretara; County Council^ M wharf Omokoroa; Borough Councils M baths, Tauranga. || Resolved- That, the communication M. be referred to the Executive Com- ||| mitteo to report upon. M

- Accounts. — 'Accounts totalling £41 4s lid were passed for payment. , An account for £9 5s 3d was received from the Tauranga Chamber of Commerce for expenses incurred in promoting the Tauranga Harbour Board BiJ). The items were X' 35* 3d advertising, and £6 half the delegate* expenses to Wellington to defend W Bill. It was decided ta hold overpayment so as to ascertain if the account included all charges incurred.

--Wharfinger's Report. - The Wharfinger submitted a report for the month of April, showing am ings of the Board from all sou"* to be £91 7s. the Victoria WMj earnings being .£l2 8s lOd. tow cash colJected during the month a 9s 10c); amount due to the Yictonr Wharf £3 ]Gs.—Received.

— Endowment?. - Mr Cill, on behalf of the ii"do^" Investigation Committee, said tm was an area of Ti),726 acres ot U° land in the Tauranga Count)', unimproved value of which • £72. :;<)«). The Committee cons** it advisable to approach the vc^ p# tnent po as to ascertain their 1 lions regarding handing over °!.u{^ I dowmer.ls. Iff con?idjwd \t\ wU jn § Letter to secure small cmluwmcn | the vicinity of the hirhdur, f' | than areas further back. .' IJ?L eB I mittPß fiWKKost-d that Mr MJ* | Hhould interview the Govcrnm> nfc g th« endowment question duriifc | visit to Wellington. ..j.^ B Messrs McEwcn and Stewar-d'Jj,, | think the Government *oU'd I favour of handing over ]ar^e ha{ j(r 1 ments. Mr Adams suggested in n McEweti should al«o intervie g Marine Department in reganj « foreshore and other matters, • m (iill's suggestion was agreed w- H -NVxt Meeting.- I It Waß .|.-ri«M <hai/f 7.il V^ I mgufllK. Board be held on W |