INTERPROVINCIAL NEWS

Hawera & Normanby Star, Volume I, Issue 32, 31 July 1880, Page 2

INTERPRO VINCIAL NEWS

(per united press association.)

Wellington, Friday night.

The Chamber of Commerce held a meeting yesterday, to consider the Insurance Companies Bill now before Parliament. The principal speakers agreed that the Act would drive foreign companies out of the field, principally because the articles of association would not allow them to comply with the provisions of the Act. A resolution was passed condemning the Act as likely to create a monopoly, and also because of its protective tendency.

Gisborne, Friday night. The charge of perjury preferred against Mr. W. L. Rees has been dismissed.

Dunedin, Friday night.

The half-yearly report of the Colonial Bank shows a net profit of ±'16,414 16s 9d. The balance on profit and loss account for the previous half-year was £2558 13s. 9d. The total was £18,973 10s'.- 6d., which the directors propose to appropriate as follows : — Reserve fund (which will then stand at £27,000), £1000; dividend at 8 per cent, on paid-up capital, £16,000 ; balance earned forward, £973 10s. 6d. It is proposed that the dividend be payable oil the 12th proximo.

Auckland, Friday night.

Alex. Martin was charged with acting as conveyancer, he not being a barrister or solicitor oi the Supreme Court. The prisoner pleaded guilty, and was fined .£SO, or one month's imprisonment, without hard labor.

Dunedin, Friday night.

Mrs. Elizabeth Martin was received into the hospital to-day, suffering from a gunshot wound. Her son, aged ten years, was playing with a loaded gun, which accidentally discharged, and the charge entered the lower portion of her back.

It is rumored that, by an explosion which took place at Mullocky Gully, one man was killed, and another seriously wounded.

Oamaru, Friday night.

Captain Stevens, of the schooner Lizzie Grey, states that the mate was washed overboard and drowned off Hokitika, on the 22nd iust., during a heavy gale.