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COMMERCIAL.

The amount of revenue collected at the Customhouse on goods cleared for consumption to-day was £CO5l6s sd.

In March last Mr Justice Grantham gave a decision regarding payment by cheque which attracted much attention. The facts were as follow;—A firm owing an account to another firm posted a cheque for it. But it was stolen In transit. The question arose; Was the posting of the cheque to be regarded as equivalent to the payment of the amount due, the los*, therefore, falling upon the creditors? The answer was in the affirmative, on the ground that the accounts due by the one firm to the o’ther had for many years been settled by chequ> sent through the Post Office. But it was not shown that this mode of settlement had been adopted at the request of the creditor, firm, and therefore they appealed. On appeal the judgment has been overthrown, the Master of the' Rolls remarking: “Was there fny course of business which showed that putting the cheque in the post was to be taken as a delivery of the cheque to the plaintiff? The only facts were that the defendants always sent cheques by post, and that when plaintiff received them he sent back the receipt duly signed. It would be monstrous to infer from those circumstances a request to send a cheque by post, and that the plaintiff would consider that he had received it as soon as it waS' posted. He was unable to agree with the judgment of Mr Justice Grantham.” It is, therefore, the law that the risk of sending a cheque through the post is the sender’s, unless He has been expressly instructed to remit in that wav. PROPERTY SALE, Messrs Scott, Commin, and Co., Dowling street, report the sale of a farm on the Peninsula to Signor Squarise for £1,400. ,• «

MINING NOTES. The Dunedin Stock Exchange report that the return from the Golden Gate dredge last week was 91oz gold. The Papaparoa (Greymonth) Ranges reefs are receiving much attention. Mr Thomas Callender reports 13oz 6dwt gold from the Moonlight Sluicing Company, Limited, the balance of the wash-up of the previous return. The Golden Run pipes washed up 49dz of gold for eight days’work; ■ The Golden Gate Dredging Company washed up for the week 91oz of gold. ■ ‘Mount Ida Chronicle’ reports that there was quite a pegging-out epidemic on Monday of last' week in the lower part of Main Gully, which will now be held for several miles below the town for dredging purposes. There is every evidence of a joining revival here at an early date.

POST OFFICE NOTICES. -Malls close at .the Chief Post Office, Dunedin (subject to any necessary alterations), as under:— Overland, North, daily, 10.30 a.m. Lato letters, muil van, II a.m., . Wednesday, September 29. For London direct.—Per Ruahine,' from WeiImgton. Mails will close at 10 a.m. Correspondence roust be specially addressed. Parcel mails’ forrthe united Kingdom, etc., will close at 9.30 a.m. Late letters mail van. North express, at 11 a.m-. . . SAN FRANCISCO MAIL SERVICE, L,' ■ WEDNESDAY; SEPTEMBER 29. For Northern Forts, Samoa, Sandwich Islands, U nitad States of America, Canada, South America, West Indies, United Kingdom, and Continent of Europe, at 10 a.m. Money orders at 9.15 am., book packets and newspapers at 9 a.m., 29th. ■Late totters, bearing oa additional single rate cf : postage (2Jd) as a late fee, can be posted in the moil van attached to the North train, leaving Dunedin railway station at 11 a.m oa tho 29th. .The above mail will close at the branch Post Offices, North Dunedin and South Dunedin—for letters at 9.30 a.m., and newspapers at 5 a.m. the 29th. At the Port Chalmers Office at 8.4 a a.m. on the 29th. ■ . (higned) Edm. Cook, Chief Postmaster. - i Chief Post Office. September 28,1897.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18970928.2.47

Bibliographic details

COMMERCIAL., Issue 10431, 28 September 1897

Word Count
633

COMMERCIAL. Issue 10431, 28 September 1897

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