ACUKLAND.

Otago Daily Times, Issue 3246, 2 July 1872, Page 3

ACUKLAND.

! ? .(FBOM 008 OWN CORKESPO3FPKNT.) Tlio election of Sir DavidMoiu'o lias excited great interest; aiitl it is looked on as the turning point in,.the tide so long threatening to fietiii againafc tlie Governnient. Hi a character and position lit him eminently as a rallying point, and the members here think it likely he will share with Stafford the leadership of the Opposition. I should not like to tell yon Balf of what is now the daily talk about the Ministry. They are Biriking very lq\y, and are spoken of in a way very .unusual hitherto with any Government. The mai] service is looked on as a big job, and iia losing popularity accordingly. The delays and annoyances which people put tip with formerly they resent angrily in their present mood.;,and it will take: it good deal to restore confidence either in the " grand" policy, or in the simplemindedness of its "heroic" propoundors. ' We are to have another Insurance Company. It starts under most favourable auspices, with a good Directory. The proposal is to have 25,000 shai*ea of £20 each, but it; ia not thought more than 10a need be called pp., The shares are to be allotted in each Province, and the object is to secure a share list of people likely to bring business to the Company. Otherwise the whole of tho 25,000 shares would be readily taken tip in Aiicklaricu There is a rush for the 6250 reserved, and the number applied for already is over 10,000. For Otago an equal number (6250) ia reserved. The Ifew Zealand Company has now only 70 shareholders on its list, and the shares (2500), on which only £2 10s was paid up, have been increased by accumulated profits to £30. It ,haa also paid regularly 10 per cent, on its shares with these accumulated profits included. The prospects o£.. the "now Company are Therefore looked on with great favour. Among the projects afloat is one to borrow .£150,000 for water works and other improvements by the City Corporation. There i& no doubt the money could be very profitably expended, and the sanction of the Assembly will, in all probability, be ajjked to a loan for the purpose. A case of small-pox broke out mysteriously here. The patient was a pas- ; senger to Wellington per Nebraska. Whether he caught it in San Francisco oi in Wellington is not clear. The mischiei small-pox might do among the unvaccinated natives it ie terrible to contemplate. The Governor and Mr M'Lean have gone up the hill, and have come baci again. The Governor remained withir call in the WaiJcato, shooting pheasants, till Mr M'Lean had paved the way for ar interview between him and KingTawhiao. But it was not to be. Tawhiao would not come to Mr M'Lean and Mr M'Lear could not risk, prestige by going tc , Tawhiao. So the Governor continued to shoot pheasants, and this nice little bur--1 le3que on la haute politique was a couj. 1 mawpce. It ia not Tawhiao, but -Maim- ' hiri—a very shrewd, long-headed fellow — I who is the moving spirit at Te Kuiti. OJ course the retreat of the Defence Ministoi is covered by "columns of eulogium in the Government pjtpers, but people set through it< Tho conviction is strongei now than ever that.if the Maoris were left to deal more with tho colonists, anc less with the Government, it would* be more satisfactory, and certainly an inij mcnae saving to both parties. j We are likely to ha,ve a now paper— i the Weekly Observer. It is -started bj Mr Field, who lias, 1 see, figured in youi columns in connection with the Mechanics' Institute. ' The Observer id the oat crop of that row, and does not spring from any political party. I We ar*» speculating aiso on the probability of a visit from some of the Communist convicts now on their way to New Caledonia, and likely to escape thence. Imagine} Bochefort in New Zealand I The indignant virtue which was.so fearfully shocked by the landing of a few misguided Feniana, could scarcely stand a French Communist. .Yet the same virtm was not at all put out-by the arrival of a mail negotiator, whose person and careei were well known io. members of our Go vernment, and who, despite both^ readilj got the entrie to Government House ir Auckland. Assuredly, if Bochefort is t<i visit us, he had better do so by way ol California. ' STBAXOWia paying atW to Dwe&im an often »t * loss to know wbtt. h the Jbwt estat^bihaMßUto visit for the purchase of drapery and clothing. Hetbert, Haynea, and Co. oflfo - sp«ca&t'c4TwU(c» to the pub Be th»t csa be m&t with aowhere else Ia th« city They kaep »t all timts the largest and best assorts stock of every class of goods, inputted direct from Urn leading maanfactiii'Hrs aad warehposenieii at home which being bofcgbt enttoJjr wjwr easb terms, they an enabled to offer goods of such steriiag rtin» aa e*BBO article & stock is -Marked s* aflxedprtoefOT^rMdb money, from which no abatement Is ever made, '• that uw mvA taexpuieactd, buy tnelr goods at th< same prices as the best judges. Their terms «r»—ae cash, without dtowmat otTednesloiw of any kind. ' 1 fuller daseriptloa of tarfr stock ill be found la «i s4rertismi«Bt oa Urii first p«g« of this paper.-