WELLINGTON NEWS NOTES.

Otago Witness, Issue 2151, 16 May 1895, Page 29

WELLINGTON NEWS NOTES.

(FflOM Our Own Cohrespondbnt.) Wellington, May 8. SHIPMENT OF HOUSES. I have already advised tbe intention of the Government to subsidise a trial shipment of horses to the old country. It is now stated that the Stock department is itsuing a circular to the effect th*t in order to encourage an experimental shipment of heavy draught and | 'bus horses and hunters to England an officer ! will be appointed to inspect and approve any borfC3 which shippers ravy propose to Bend. I This officer will examine tho horses to be sent, place a reasonable value upon them, and should he consider them of a good upstanding type and quality suitable for the market they will be passed. Should there then be a lofs upon the shipment the Government will share the loss upon one-half the ainouut of freight, the less to be estimated on the values placed upon the horses by the Government officer. May 9. It seems that the Premier is becoming poß3e*sed with the conviction th^t, the cost of Government; cmnct be further extended, for it is now stated th*t iut'mUion has been given that under no circumstances can any incro.iees of salaries be made Tor the coming year to any of tte offi<sers of the public service. The bigh rate of interest paid by the Government through ths Post Office Savings Bank, which is having the effect of diverting depesits from the bsnks and keeping money relatively dear, continues to be the subject of adverse comment. May 13. RUMOUnS OF BANKS AMALGAMATION. As the Eeision draws nuir I hear mere and more of the pioposed bauks amalgamali >n that so equally m'scarried last fes>ion. Jntt new there is said to be a difficulty between the parties in adjusting theincideicaof tic rt tiring allowances of the officers of one of the institutions, as provided in the deed of incorporation. This difficulty, if it exists, will, however, no doubt be surmouuted, as with other 3 of a larger and more important character. At any rate, it is commonly accepted among business men who do not speak lightly that the amalgamation of the National Bank with the Bank of New Zealand will certainly be the subject of legislation during the coming session. Meanwhile a gigantic lottery is btinsf, I understand, projeoteel for the purpose of enabling a speculative public an opportunity to invest its guineas on the chance of acquh'ii g one or more of many real propetty assits that are at present unliquifteble securities. A bill will probably b-; U2ce*sary to lfgalue this latest departure in banking. So that; it is fair to assume that we may prts^utly again witness some singular bankiug legislation. It is worth noting that the attempt to dispose of the real assets of the Bauk cf Van Diemen's Land under the auspices of " Tatters»lls" failed diemallr. WELLINGTON UNIVERSITY. It is stated that the names of Messrs Hogg and Pirani, M H.R's., Bishop Wallis, and Mr A. Warburton have bcea 6ubmifcted to the Governor as the Govecurcei t nominations for seats en the Wellington University College Board. May H. teachers' appeal court. The Minister for Education will, I am told ) introduce during the coming tession a Teachers Appeal Couib Bill. Hitherto the tcacbers in the employ of the SUte have had no recourse, exc-pting all common law, against wrongful dismissal or other injuries affecting their position in tho service. Tbe proposed bill will set up the tulranal that will deal with all such cases and ersure redress if injustica ha 3 been inflicted. A HUG 13 LOTTERY. Adverting to my statement of jesterclay that a huge lottery of real estate was said to be contemplated, »nd that it would prolnbly bi the tubject for legislation, the Post this evening says :— ! It is saic. that toe New Zealand Estates Company has fpproßched Ministers with a proposal to legalisf a gipantic lottery foi 1 the purpose of disposing of £850,000 worth of the Bnnk of New Zealand assets. The bill to authome this is reported to be in an advanced stage of preparation, and although Ministers may not. dare to introduce it as a Ministeiial rmasure, they are inc'iued, it is believed, to lock favourably on the project. If »u.ih an amount of a33ets could in this or any otVor manner be realised it would, of course, relieve the Government, as well as the bank and U.e Estates Company, of some difficulty. What Parliament will have to say to the proposal remains, however, to be seen. I It is Pure to meet with much opposition as well as wilh considerable support.