Page 2 Advertisements Column 2

Mataura Ensign, Volume 6, Issue 304, 9 November 1883, Page 2

Special Advertisements market for at least aitotiier^pix. months. The tendency, however, iSytn tl-^ight direction— importsiare lessening.andi so affording relief to^the'^heayy stoc^'now in c6lonial"ware-> ! houses. The season promises favorably b«?th for pastoral and agricultural* pur_tiits, and. there- appears to be.ayreafonable -pirbbabiljty! jof a fair market for our; products; Tlie infla-' I ence of.recei_t shipments of frozen. mejvt, j>sr--ticularly froin the* South, -is being felt in the stock markets, and enhanced prices are /being * obtainec! by • producers, while the.numerous cheese and butter factories already at work '. or being .e6tabUshed throughout the colony, are not only* encouraging the further spread ' of this industry, but afford to graaiers a fair prospect Of profit from . their labors. Before r concluding, I would like to touch- upon .one. other subject, as to which I regret to find a I good deal of misconception exists. I refer to ! -the presumed severe pressure on thepartof the , banks, and their so-called. inability to afford I ordinary banking facilities to their customers. A very superficial study of the sworn returns of the various banks will shew that, in -spite ofc.any efforts being used to the contrary, advances continue to increase. Talcing the returns of the past three years, it will be seen that in the June quarter of that period the advancesin 1882 were two millions and a-half greater than in the like quarter of the previous year ; and at the same period of the current year there was a further increase of nearly seven hundred thousand pounds. Engagements by the constituents of the various banks had been . incurred which rendered an exceptionally liberal policy necessary to enable them to meet these engagements, and it is apparent from the figures I have quoted that such a policy was generally adop- . ted. It was impossible that increase in such a ratio could be continued, and this, in some quarters, appears to be interpreted to mean that all accommodation has ceased. I cannot speak for other establishments; but our policy has been, and will continue to be, to afford reasonable support to every deserving customer, and where such support is denied, it, may be .taken for granted that the request has not been within the limits of legitimate business. I have pleasure in expressing a confident. hope that the coming season will show a general revival in business, fostered by the success of "our numerous industries; and, with the share we have in the banking business of the colony, it may reasonably be anticipated that any revival will materially swell the profits of the bank. With these remarks, 1 beg to move the adoption ofthe report and' balancesheet. Mr C. J. Stone : I have much pleasure in rising to second the adoption of the report and balance-sheet as read,, arid in doing so it. is not necessary for me to make any remarks. •I think the whole of the matters, or nearly the whole «f the matters, of interest to the shareholders ha^e been touched upon, by the chairman in his s'peeeh. One point, however, strikes me that the chairmarf has not alluded ' to as- having had,- and has at the present time a tendency on the tigh'tness'in the market. I allude to the low price of oae of our staples,' viz., wool., :.We, in this colpny, and .especially, in the northern portion of it, are large, producers of longiwools and half-breds— wools which rank side by- side, with English wools ; and it is known to those who take the. trouble •to go into figures, thatthe price of wool in the English market is now : lower than.it has been for 50 years? 'A liitleHincrftase^in the price of wool has a very great eff eet ..on- the colonial resources. With-these-remaiks Ibeg' :to second the motion f qr the. adoptionVpf the ' report and balance-sheet. election of a director., v Thiß Hon. Frederick Whitaker being the only candidate for the vacancy! on the directory, caused by. the retirement of .Mr O.J. Stone, he was unanimously elected*. . AtJbiTORS. ' : '. On the motion &[ Mr Benjamin Tonks, seconded by Mr B.M'Donald Scott, Mr WJ. I, Taylor and Mr J.\L V Wilson were elected auditors. - '.' - : 'th__sr.«, Mr S. T. 8-Jjddon r pro|ta_»d a vote of thanks to the.directors/ genera|apa_tager,and officers of.the Bank, ..which vwajfteconded by. Mr P;'Comisj_:e_-. -** *.. ■.^ d6BB, " '^.rpp^^ TCfe']^R|feßJ yj7 T" HE NEW. . ZEALAND •JOAN^ AND „MI|RCANmi.A&MM^^Lt^)----e *$gs|fe^ • ..'Theabove Company make lijreral advances . to Farmers and otheifs 'enga^ea in developing . the resources of the couritry^at current, rates el interest on Freehold I^operties, Growing Clipß ; of Wool and Crops/ And also, on -WdOL, GRAIN, AND OTHER PRODUCE consigned to tbeir Oare either 1 for Local Sale or shipment to any of, • their numerous Ageneies throughout the Australian Colonies . WILL.AM DOUGLAS, ■" ■ .'Agent,- Gore; •' • .' : JOHN TURNBULL, : Manager for Southland. P.S.— The Company are Agents for Grass Clover, and other seeds.- Woolpacks and Cornsacks always on hand. '" Gore, 14th September, 18.83, . c194 - I ' l ' THE NEW ZEALAND, CLOTHJNG ; FACTOR!! ' Have, spared no effort to place before the '-*■'■ i public '_ A MOST COMPLETE 'ASSORTMENT NEW WINTER MANUFACTURES, Comprising all the Latest Styles in MEN'S AND BOYS' CLOTHING, Manufactured from, the Best Qualities and , Newest Designs in COLONIAL, SCOTCH, BRITISH, .'', AND CONTINENTAL TWEEDS. The large and increased Trade has enabled the 1 Proprietary tp offer their Customers still further advantages than hitherto, and this season's goods, upon inspection will be found CHEAPER THAN EVER! A SINGLE GARMENT AT WHOLESALE PBICE SHIRTS, \HATS,. HOSIERY, .' And every requisite at- Wholesale Prices. .Nineteen Branches now'operi"in New Zealand. Agents for.the unrivalled , Wertheim Sewing ■- -. - . " Machine. •• 'Inveroargill Branoh •: Dee-street. SUPREME COUR-T HOTEL, (Next *,L%w Courts,) '■ TAX-STREET^ INYERC ARGYLL.;.. ,; -.THOMAS RUPERT CARROLL, Late of Mounted Police ; Force, begs to ; inform his friends and the general public that he has leased the above well-known and flU^yenient' Hotel,- which will, be found a .most ; comfortable one for Boarders and . Visitors. .. - • • '<T.8:0.--is making it his study;. to keep nothbutbest liqudrs (not brands). Suite- of Apartments-, for. Visitors. • Hot Cold aud 6hp .ver Baths. > Private Sitting 'Robing for tlie convenience' Lof Gustomeis;' : .-•.;._ ■ •-'Private Reading Room for"Hii; "use ".of .". '' " '"''."*' Boarders. • - ; '" ■; ;., Luncheon . feitly fWnt.'W,. .' on tq 2. p.m.': ,>*>-■—■-■/ .■■•■-..- m