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COMMERCIAL.

The amount of revenue collected at the Gustom-house on goods cleared *o-fUv for non(umntion was : Customs, L 552 5 ( 21; pnmnge, Ll3 4s 2d; total, L 565 9s 4d. , , . Town Bcctiona in New Plymouth have been sold this week for L 45 per foot. AN UNSUCCESSFUL CONCER v , The annual meeting of the New Zealand Frozen M°at 0< mpany was held at Auckland to-day. The directors’ report showed a debit balance which stands at I 30.102 19s lOd, including an amount of L 7.850 13s 101, brought forward from the previous year. The directors regret that the continued depreciation in the value of the company’s property owing to unexpected losses In the ao'd and manure business, and consignments of tinned meats to the Home market, have producedsuoh unsatisfactory outcome for the past year. Ihe position of the company In regard to the value of their asset*, which do not at present materially exceed the amount of the company’s debts, has been the subject of communication between the Boar' and those flnancia 1y interested in the company » position. Reconstruction of the ccmuany will be i-uggested, as it is understood that the works as a going concern may be acquired on favorab e terms. Failing this, voluntary liquidation will be proposed. ft was decided to adopt the report, and to hold another meeting to decide the advisability ot reforming or winding up the company, PROPERTY SALE. Mr D. M. Spedding reports the sa’e tc-lay of Mr W. O. Kirkcaldy’s property a'. EgUn‘or, comprising lr and 26p of land, together with house, for L 1,070, MINING NOTES. The Head of the Lake correspondent of the 1 Wakatip Mail’ writes:—“We have caught the dredge fever here at last in its mo t virulent form. Nothing else is talked of just now Eveiy available creek and river, likely a> d unlikely, has been pegged out, and still the excitement continues. Although, r-f course, tho bulk of the present schemes will nil end in smoke, there are several sound and bona fide enterprises amongst them. The Dart ai d tho Baoklcrburn ere both considered srfo investments by men who ought to know.” The ‘Wakatip Mail’ is responsible for the statement that a local butcher, while cleaning the stomach of a bullock this morning preparatory to making tripe of it, washed out a lot 0 ‘ black sparkling sand, which curiosity led him to afterwards “pan out,” and the result was numerous specks of gold. He afterward"washed up” the remainder left at the slaughter-yard, and altogether he obtained 2gr of the precious metal. The animal was depastured at the Head of the Lake, RISE IN SUGARS. Messrs Dalgety and 00. have received the following cablegram from their Melbourne i .ffloe, (fetid yesterday Sugar has risen 30 per ton.”

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https://paperspast.natlib.govt.nz/newspapers/ESD18890827.2.27

Bibliographic details

COMMERCIAL., Issue 7996, 27 August 1889

Word Count
461

COMMERCIAL. Issue 7996, 27 August 1889

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