SHIPPING.

Evening Star, Issue 7615, 18 May 1888, Page 3

SHIPPING.

High Water. To morrow.—Taiaroa Ucads : 8/2 a.m., 8.35 p.m. Port Chalmers: 842 a.m., fls p.m. Dunedin: 9.27 a.m., 10.0 p m. • Port Chalmers. ARRIVED.-Mat 18. K-ihii, 8.5., !X) tons, Roracril, from Napier via WeiPenguin, s.e., 442 tons, Allman, from the ManuVau via Lyttelton and intermediate ports. Passengers: Mr Kellie-, Miss Crawford, Mi ssrs Winder, Futhcrgill, Harvey, and one in tho steerage. SAILED.— May 18. Mahlnapua, 5.8., 20t tons, J. StM., for the West Coast viaTiuuru. Tarawcra, 8.5., 1,028 tonß. Sinclair, for Melbourne via the Bluff. Passengers: For Bluff -Miss liirrow, For Melhourne-Mesdamcß M'Cartio and M'Grcgor, Misses Holm.™ and Boyd, Messrs Humphrey, Gay, Citorao-c, Wi»c, Black, Mi'chell, Butcmcnt; nxtythree in the steor gc.

The steamer Worcester, from London via Sydney and the North, is expected to reach Port Chalmers ■klnut the 24th inst. The Kahu, a very handv little scrow steamer of 99 tons relator, arrived at the .letty atreot wharf at 8 am. to-day in ballast from Napier. The Kahu was built at Sunderland in ISS6, and is owned by Messrs Richardson and Co., of Napier, who employ her in the Eist Coast trade; while she also makf s periodical tripf to the Chatham Island?. Sho has a very neat little amidships, and is fitted to carry eighteen saloon passengers. The Kahu is commanded by Captain Romeril, formerly of the brigantine Sirah Pile, and comes hore to load grain, etc , for Nnpier. She left that i ort at 0.30 p.m. on the 14th inst. ; had fogey weather with light S.E. winds, and reached Wellington at noon on tho 15th inst. ; coal- d, and left again at 4 p.m., and mot thick weather with light winds to arrival. The brigantino Enterprise put nut the last of her cargo of grain at tho tongue wharf to-day. She will load without delay for Napier. Tho Tarawcra left the Viotoria wharf this morning and proceeded to Port Chalmerp, where fhe embarked passengers, and left In tho afternoon for Melbourne via the Bluff. The barque Belleialc has about 200 tons of coal CO put out. . ..,.., The Mahinapua left tho Rattray street wharf this afternoon tor the Woat Coast. The Beautiful Star tcok !n cargo at the Rattray whaif to-day for Oamaru, and is to leave at 10 p.m. | for that port. . Tho Penguin, from Nelson via Lyttelton and intermediate ports, arrived at Port. Chalmers at 9.25 a m today, and. after a Bhort stay, steamed up to liunedin. She left Lyttelton at 4.50 p.m. yesterday. From Nelson to Picton sho experienced fine weather ; thence thick foggy weather to arrival. Wo ttak Purser M'Lennan for report, etc. THE DIRECT STEAMERS. Tho Rimutaka arrived at Plymouth on the 17th ; all wo'l. MOVEMENTS OF THE UNION STEAM SHIP COMPANY'S FLEET. Friday, May 18. LYTTEMON.-Rotorua arrived 630 a.m. from Wellington ; returns 9 p.m. Wklunoton.—Hauroto arrlvod 7 a.m. from Sydney, sailed 4 pm. for Lvtteiton.—Rstomabana arrived 10 a.m. fronrLytteUon'; sailed 5 p.m. for Napier. Auckland. -Wairarapa sailed noon for Gisbornc. LLOYD'S. In our commercial column o! Satuiday allusion was made to the failuro of Messrs Wingate, Bnrroll, and 0< underwriters and insurance brokers, who had underwriting liabilities to the extent of LbO.OOO Th 1 attarhf I extraot from the Melbourne ' Argus of April 20 records the failure of another of Lloyd s underwriters. The name is not disclosed by the ' Argus,' but we understand it was Mr Town-Smith. We also understand that his name appears on certain policies held in thiß city. ..,..,., , , i.i January last wc referred to tho failure of one of Lloyd's underwriters, and in the course of a slight controversy which arose stated that the deposit made with Lloyd's Committee was held to meet chims under policies in the event of a failure. The suhject is of groat importance to ship and cargo owners, who desire, above all things, that the security offered them by underwriters shall bo unimpeachable. Unfortunately another failure, and in this case that of a depositor "at Lloyd's, has just occurred, gravely shaking tho public confidence in the institution. The letter from tho solicitors to Lloyd's, addressed to tho Committee, was posted on the nolle-) board in the room on March IP. It speaks for itself as follows . - " March 9 1888.

■ • sir* -Mr has consulted us with reference to his underwriting liabilities at Lloyd's. It appears certain that it will be necessary to apply Mr s trust deposit towards satisfying those liabilities, and we are instructed to ask that the usual steps may be token by the Committoo with this objoct. Wo think that it will also bo desirable to intimate to the room tbat Mr '8 nffaira aro in such a condition that persons holding policios signed by him will no well to reinsure his lines, hb it is by no moans clear that the deposit will suffice to moot his liabilities. Mr —- also desires us to place in the hands of the Committeo his resignation of his underwriting membership Your obedient srrvanls. ' ' "Waltonb, Bcbb, and Johnson." Tho insolvent only made his deposit oi L 5.000 in 1886, so that his career at Lloyd's baa been a short one. Without underrating tho great strength possessed by Lloyd's underwrites in the aggregate, we must regard this now Mian as demonstrative of the iustico of our remark in December to tho effect that he security offered by a well-conducted marine insurance company is superior to that offered by individua underwriters. We have also received particulars of the new combination at Lloyd's by which, as wo surmised before, a eroup of fifty underwriters euarantee one another. The guarantee, however, is limited to LIOO by caoh underwriter, or L 5.000 in all for each underwriter. The arrangement is not a strong one, the full amount of tho guarantee being inadequate •Lyttclton Times.' A NARROW ESCAPE. Welmnoion, Mav 17. -The steamer Wainui, which arrived yesterday fWi Fiji, had a narrow escape on Capo Palllser. She was abeam of the point on Wednesday evening, and, owing to tho foggy weather, the loom of the land was scarcely vltihle. C'ptain Lroraaitv and tho chief offiotr were od the bridge, and the captain, cbstrcing breakers ihead, b ave the

order: "Full speed astern." this was prompt obeyed, but, notwithstanding, too vessel ran on a pro jecting rock. She had no opecd on, however, wher she ran on the rocks, and came off again DJ Hor own weight about five minutes after. When she went on she bumped distmotly on the forward ballast tank; and little water was made; Alter th accident tho veesol camo on to Wellington. An idea nf tho density of the fog may be gained wheiii ltif mentioned that it took her over twenty hours to reach here. She will be taken up on the slip and examined. Weather Telegram. The Harbor Board rcccTvod the tollowine telegra from the Meteorological Department at Wellington .- "North-cast and eait and south gale and heavy rain and heavy sea; glass further tall. (Ueceived 1.62 p.m.) Shipping Telegrams. Wkllinoton, May 17.-Rotorua, for Lyttolton Passongers: Messrs Moore* White, SpenceTyler, Loxley, MoSntford. and five steerage May 'B. -- Hauroto, from Bydnoy this morning. Passengers: Two in the steerage for Lyttelton. „ .-, ,„„.. LTmLTON, May 17.-Doric, from Port Ohalmor .- Penguin, for Port Chalmers.-Uotomihana, for the Timaru, May 18.-Wakatipu, OhiUi Koranui, from the South.-Oooan Bird, ketch, nlno days out, from Syusky, May 18 -Tekapo, for Dunedin. arMKUBOURNB, May 18,-Mararoa, for the Blutt. -Newcastle, May 18.-Kato Tatham, for Napier.