SOUTHLAND NEWS.

Otago Witness, Issue 3519, 23 August 1921, Page 23

SOUTHLAND NEWS.

(From Otm Own Correspondent.) INVERCARGILL. August 20. ihe news tiiat the .Southland Electric Potior Board has been sue-. in making a: uts for the raising ~f a loan of £/50,0C0 has been received with great suitsiact"-:). Ihe arrangements in regard to the flotation have N en r.niuilefod in J.oiidon hv >-ir Joseph _ Ward, and though details will not be available until tlie next meeting of the board, the chairman (Mr A. ~W. Le dge. ) telegraphed from Y\ ellington on T t](!'iy tiiat t fits terms of tilt,* lomi were satisfactory. The period of the Joan is 83 years, ran the board iias the right to re- | eem foe amount at the end of 16 years. ■he chairman states that the board lias h’ en a a..ire for some considerable time that a loan could lie floated provided the whole rt fue pr< ceils lit- accepted by tlie board in ■" : o', u immediately the flotation was completed. ibis presented a serious difficulty. 111 *nut ir became necessary to reinvest the money and so avoid loss ill iiuen si charges, and invest it; in such a manner that the fme.s would be available for the c-.m.-t ruction heme as required. This difficuhy has as tue result of the visit of ti." D aril s representatives to Wellington been overcome, and instructions have been cabled to dir oosepn Ward to proceed tmruootate'y wi'.ii tee .dotation of the loan. Air Rodger is e:: . r eavntu'ing to an .iige with the Govcrninent for spc.-ial power to capitalise inf'-.'- •: on the loan until the scheme is venue bearing, and news in regard to t is ami details of the conditions of the ham are awaited with interest. Ihe t-eithland competitions commenced :a.-t 1 i'.estlay. and are now in full swing, ino entries received, some 750. are conside.ed by the committee very satisfactory, arid although the entries are far short of the pre-war numbers tho revival of the competin' ns has been fully justified. Th" official opening was made by the Mayor i Nil- J. F. Eillierap), and the president (Dr Brown . A well attended meeting of the Jubilee ( ommitt.ee was held in tile Municipal Lhandlers on Aionday etwiing, his A\ orship the Alayoi- (Mr Eillierap) presiding. Reports of the various committees wore read ami received. Ii was decided to hold competitions for the best decorated shop window, and endeavour to arrange for late trains to Y\ inton, Riverton, Bluff, Waimahaka, and Woodlands, so that visitors can come to town on the market day, and stay in to see the decorations. The whole week will be fully occupied, and visitors are expected front till parts. The Point-to-point. Steeplechase with which the Birchwood Hunt closed this winter’s hunting season took place on Wednesday last at Winton. An excellent- course was laid out starting near the Awarua Dairy Factory, taking in three road doubles and two water pumps and finishing on the V inton racecourse. Air Arthur Gerrard officiated as starter and after tile races Air Arthur Liddell, president of the Birchwood Hum, presented the owners of the winners of the two steeplechases (Messrs T. Wallis •and J. Langford) with the silver cup subscribed by the Winton members of the hunt. The wharf at the Bluff has been fairly well filled during the week. The Union ,Steam Ship Company’s steamer Kotare is still in port discharging a large cargo of coal and timber. The same company’s steamer Wingntui, from Auckland, occupied a berth until Tuesday afternoon, when she sailed for Oaniaru. The American steamer West Hepburn aiaived from Dunedin on Tuesday with part cargo of 76,000 cases of oil and a small quantity of general. She is a steamer of 5660 tons gross, built in 1919 for the United -States Shipping Board and leaves no doubt about her nationality, having a large shield of stars and .-.tripe.' carried abreast of her bridge. Her next port of cull will be Brisbane. It war reported to tho Harbour Board at its meeting on Friday that during the past season 98 667 crates cheese had been received at the coo! store for export, being an increase of 19,357 crates over the previous season. There are indications that the coming season will show a further con-id rable increase.