Untitled

Hawke's Bay Herald, Volume 13, Issue 1110, 17 December 1869, Page 3

■ Flax JQa'bg6es. : — We give an extract from a letter* received by the Manager of the New Zealand Insurance Company, from their London agents, by this mail, on the subject of flax cargoes, to which we call the special attention of our mercantile readers,, and shippers generally : — " You will be very, sorry to hear that 'we have no news yet of the Matoaka, now 140 days out; and that eighty guineas per cent, is offering for reinsurances without effect. It is feared that she is burnt, as she had some 305 bales flax on board, which, if not properly dried before shipping, would fire lon the. voyage to a dead certainty. The cargo is : valued at £76,851. Your lino, fortunately, is very small. This is really fearful, and following so soon after the burning of the Blue Jacket, will cause underwriters to decline homeward New Zealand ships, if flax be amongst , the cargoes. It appears that there is just ft chance that she 'may have got dismasted, and put into the Falkland*: Islands. There .is : a. mail due from / there, ,abput the sth : November. If that does not bring any news she , is, undoubtedly, burnt, and all on bpard (including some 40 passengers) 'perished. It is, indeed, a very sad and/most distressing affair. " Some means ought to be adopted to insure the flax be repacked und well dried at tJie port of ! shipment, and unless this B 6 done', We shall, undoubtedly, have more^of "these disasters. If you can draw to #he matter, you will be; the ,:^j?an f i,p£ v co^ a benefit on the un)'.".fj&QVimiva£ cQDimUttity inge^al, and the '?2s.iZ<;l.Gy U :^rfci_(jular,>-iy; '% Seraldj