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Hawera & Normanby Star, Volume LXII, Issue LXII, 2 August 1911, Page 7

Mr Leslie W. A. Macarthur, F.G.S., who has had a lengthy experience in New Zealand mining matters, and who visits New Zealand to report to English and other oversea capitalists interesting themselves in the development of mining properties in New Zealand, in the course of an interview on company promotion, said: "My experience is that the share market has more than tended to kill the goose that desired to lay the golden eggs in Australia, and, possibly, though I cannot yet speak with certainty, in New Zealand." Mr Macarthur was -ready with a remedy for this state of things. "Recently," he added, "I drafted a Bill for the Victorian Legislature with a view to instituting a mining censor bureau, the objects of which would be not only to protect the investing public, but also directly tend to re- i store the confidence of oversea capital- I ists supporting the development of the j mineral resources of the country." The modus operandi^of such a bureau, he ex- j plained, was simple in the extreme. A j prospector or lessee would report to the , Government the details of his mining property, indicating that he desired to . place the same upon the sharemarket for company or syndicate financial sup- j port, upon sufficiently substantial proof | being submitted that prima facie the i property was bona fide. A Government inspector would endorse the representations made*, and then the prospectus would be "ear-marked" by the Government as giving genuine information as to the property. His experience was that certainly seven out of ten prospectuses sent oversea for capital were overdrawn, some "gilded" beyond recog'■'■irn of the property, and some grossly, if not intentionally, deceptive. Miss Grimley, who has been lecturing, in Hawera under the auspices of the No-license League and 1.0. G. Templars, brought her mission to a close on Tuesday night when she delivered an interesting address in the Presbyterian Hall on "Temperance and No-license." There was a very fair attendance, and Mr H. Halliwell presided. Miss Grimley touched on the many attempted reforms of the drink evil and showed that the mean- i ing of temperance as we knew the word now-a-days inferred practically total abstinence. In conclusion she appealed to her hearers to vote for the abolition of the drink traffic at tbe elections in November. Miss Grimley was listened to with close attention, and on the motion of the Rev J. R. Shore and Mr L. A. Bone, the lecturer was accorded a. very hearty vote of thanks. Mr Halliwell impressed upon all to see that their names were on the roll. For Children's Hacking Cough at nfeht, Woods' Great Peppermint Cure. Is 6d, 2s 6dY •'