COMMERCIAL.

Evening Star, Issue 6842, 4 March 1886, Page 3

COMMERCIAL.

Thf amount of revenue collected at the Custom- : house on goods oloared to-day for consumption way L 1,670 fis lid. A merlin? was hold in the Ilavcns' ourno Chuncil Chambers last night, when about fifty shareholders of the Ravcnsbeurre Saltwater Bath* Company worn p-,-rsent-Mr Hodgkins p'eM.iing The report and lu'rme.vsheet wo.ro adopted and votes of thanks pared to the retirin'; directors. Messrs Harold and Gndso wore dented directors in roam of those who retired. Mr Allan Henderson was re elected auditor. Several of the shareholders npoko in complimentary terms os to t>c way in whieh the alt.airs had horn conducted in the past, they showing a profit of hV, ‘ld after paying working expenses. The New /rnland manager of the E<|iiituhle Ld; Association of the United States has received advice of the results of the Society’s operation*) for the year . nded 31-t December. 18Si> The new policies issued ■iiiKitinl t» OT' ; r l.vnnoo.ooo sterling; the a«sets had iner ased hv Ll.T'in.nOO. now standing at Id.TWi eo<>. The cash surplus for the year on a 4 per cent, basis was over ljfi ’fi.ooo [reeling. The London ‘Chamhir of Cmiimerc.i Journal of January 0 reports tin- result of an action for damages tv cao'O ami liability for acts of rats. Mesm randort and Co. hr.,light, an action against Mos-rs Hamilton; Frazer, .and C*., to recover LI,OOI In Hd for damage dono to a cargo of rice conveyed hv !he. defendants 1 ship Akyah to this country ..(England) a-ialng from an influx of sea water through .a hole made hy rats in a hath-pipo. -Hie important q"ention was raised whether, under the circumstances, de'endants were exempt from liability within (he terms of the hill of lading and the charter party ay to perils of the sea and dangers of navigation. They said that, hero ra's were the * IT-'etoe came, and that fatware not peculiar to navigation. Mr Justice Lop s thought that loss arising (rum some im vitali'c accident at sea, whereby salt water entered and damaged the goods, was a danger or aeeldent of the sea within the exception of the bill ol lading. It seemed to him that where Uw effective canso was beyond hnmon control, and in conseiMitnee salt water entered and damaged the "Gods, that was an accident of the eca vvilliin the meanin" of the contract and the tine intention of the parties " Here it way damage by sea water occurring at sea through nn'-o'h’f fault, and lie thought the defonclftn*B were bivaisriit within tho rAC'ption. Sup* pose the source pipe had hurst through frost or Borne cause whieh lininan fon sight could not prevent, and the goods were damaged by salt water, could it ho «iircc3afnh\* rnntcndei! tbnt, the shipowners under ouch circumstances would lie liable? Ho thought not. He raw no distir,ctiou between that ease and th" o ic under consideration, and there worn i therefore he judgment for 1 tin udciniantß, with costa.

LONDON PIIODUCE MARKETS. The New Zealand Loan and Mercantile Agency Company liave received the following produce telecram, dated 2nd inst, from their London rllice:— “ Wheat: There is an improved fee'ing. Adelaide is worth 30a 9d ; New Zealand aver go, 32“ 9d ; and New Z aland lo'.g-hetrled, 34s 01 per 4901b. Victoria wheat (iron flhlp) is worth, o i.f., 35s 0d per 4801b, JanuaryF.diruary bill of lading.—Tallcw: Market a »ady. Good mnt’on la worth 23s Od, and good bief 22“ Cd per cwt—Leather; Market ca-ier, and rputations unchanged-New /•■aland Hr nip: (jactations unchanged.—Kn 7.CM Meats : The market lot mutton has been higher since we last telegraphed, hut has declined, and is now steady. Nt\v Zealand care rates, weighing linlb In 7.M . each, are worth r»Jd pet lb. There is no den and for beet." MINING NOTKB. According to the correspondent of the ‘Daily Tinn s,* a party at Mount Criffel have struck a rich paic , having I.OOOoz of gold for a fortnight’s work. The exact locality c f the And has pot been dir ulgtd. Mr A. Evans received a telegram from tire manager of the Phicnix mine at Skippers to the • (Tent that the moulter broke down to-day while driving twenty liotdsrf stamps at full speed ; Imperfect insulation being the cause. The accident causes groat inoonvenir nee, and it cannot be yet stated when work will be regular. The mine aril crushing are looking splendid Another rich shoot of gi 11 Iras been struck in the east, and they daily expect to strike one In the west.