NEW LOANS

Dominion, Volume 17, Issue 288, 22 August 1923, Page 6

NEW LOANS

FOUR MILLIONS FOR PUBLIC WORKS FOUR & A HALF MILLIONS FOR ADVANCES The Finance Bill was circulated after the adjournment of the House of Representatives yesterday morning. Authority is sought for the borrowing of not exceeding £4,000,000 for public works. Among the purposes for which the loan is intended are the construction cf railways, and additions to open lines; additional rolling-stock for open lines; telegraph extension; main highways tracks and bridges, development of goldfields; irrigation works; and other public works. To meet applications under the new Advances Act. authority is asked for not exceeding £3,000,000 a year for the settlers’ branch, and £1,500.000 for the workers’ branch. Other clauses of the Bill provide for £50.000 for Hauraki Plans, and £50,000 for Rangataiki land drainage. Previously, the maximum amount that could be borrowed in one year was £1,500,000 for settlers’ branch, and £750,000 for workers’ branch. PERSONAL ITEMS o Archdeacon G. W. York, of Blenheim, was a passenger by the Tofua, which left Auckland on Saturday for the Islands. Captain Arthur Ooningham, D. 5.0., M.C., D.F.C., Royal Air Force, has been promoted squadron leader, in command of the 55tb Squadron at Mosul, Mesopotamia. Regset and sympathy were expressed at yesterday’s meeting of tlib Chamber of Commerce at the deaths of Mesdames Donne and Mitchell, and it was announced that letters of condolence had been forwarded to Messrs. A. E. Donne and G. Mitchell. Regret was also expressed at the death of Mr. J. C. Caldwell, of J. C Caldwell. Limited, who had been connected with commercial pursuits in Wellington for some time past. Mr. T. Shailer Weston will not be a candidate for the presidency of the New Zealand Academy of Fine Arts this year. It is understood that his successor will be Mr. Ernest W Hunt. The death is announced from Nelson of Mr. Emanuel Dimant, aged 70 years, manager for Ross and Glendining, and well known in commercial circles. Advice has been received at Hokitika of the deatn at Sydney on Monday night of Mr. Samuel G. Ferguson, formerly of Ferguson’s, South Westland, of heart failure. Deceased on two occasions was county chairman, and was a member of the County Council for many years. He had been on a health trip to Australia. His age was 75 years.—Press Association. Mr. Clark McConachie, champion billiard player of New Zealand, has returned to Wellington after a successful tour of tho West Coast. It is Mr. McConachie’s intention to visit England early next year to compete in the professional championship, in which he made such a brave showing last year. Mr. Culford Bell will return thia morning from judging at the Inver-' cargill elocutionary competitions, and is to leave again to-night for Gisborne to adjudicate there. News has been received that Mr. A. A. Bender, the well-known Wellington artist, has been staying in the Channel Islands, painting many landscapes of Jersey, the native country of his parents. He is expected to return to New Zealand in the near future. The death of the Rev. J. A. Newth, formerly of Nelson and Palmerston North, is announced by a Press Association message from Sydney. EASTBOURNE SERVICE Throughout yesterday a service was maintained to Eastbourne by the Duchess. She arrived from Day’s Bay at 10.20 o’clock last night, and pulled out from the wharf for the return', and last trip, ten minutes later. She could not berth at Rona Bay yesterday. The captain stated last evening that it was blowing a hurricane across the harbour. ARMAGH IN HEAVY SEAS The 12,000-ton liner Armagh sailed from Wellington early yesterday afternoon for Lyttelton, but returned to the stream again shortly after 4 o’clock. From information gathered last evening it appears that she had a precarious few minutes when endeavouring to beat out of tho entrance to Cook Strait. An eyewitness reported ihat she was badly tossed by big seas.