INTERPROVINCIAL.

Poverty Bay Herald, Volume XVI, Issue 5575, 21 September 1889, Page 2

INTERPROVINCIAL.

Pick Pkkss Association. — CopyhiohtJ WELLINGTON, To-day.

In reference to the loan conversion scheme, alluded to in the cable news, the Post states that it is simply the maturing of arrangements which have been in preparation for sometime past. The two 5 per cent, loans, amounting together to about LJ.,(500,000, are just about falling due. It lias been arranged that they shall be converted into new 3^ per cent, issue. The Bank of England "has undertaken to float the new loan at 97, but. a private letter received by Dr Newman from a member of the Legislature who is now in London, states that it is believed it will go oft' at more than par. Judging from the feeling about tho colony, the stock conversion will result in a clear saving to tho colony of about L24,(K)0 a year, and other loans will mature in the course of the next two or three years, which can be similarly operated upon.

As the efforts made on Thursday evening to float the s.s. Huia, which grounded in the Manawatu river on Wednesday, were unsuccessful, Captain Bendall, Marine Surveyor to the Underwriters' Association, left for the scene by yesterday afternoon's train in order to superintend operations. He took with him anchors, hawsers, and other necessary gear, includiny pumps, in ease of emergency. Major Gudgeon, Commissionorof Police, left for Chatham Islands by the Government steamer Hinenioa last evening in connection with the placing of Permanent Artillery on the islands to assist the regular police.

At the R.M. Court Edwin Bannister, late clerk in the Postal Department, was committed to trial on two further charges (jf having defrauded the Government by means of money orders. The other chaiges against accused were dismissed. The total number of unemployed now in the colony is two hundred and thirty seven. The following nre prize winners at the New Zealand Academy of Fine Arts Exhibition which opened to-day : -Landscape in oil, H. M. Core ; panel in oil, Miss F. E. Richadson ; President's prize, still life, Miss M. Hill : model bust, Miss H. M. Archibald ; instantaneous photograph, Henry Wright ; untouched landscape photo, F. J. Halse. CHRISTCHURCH, To-day. Mr Parata, M.H.R., addressed his constituents at Rapaki. He paid a high eulogium to the services rendered by Mr Carroll, member for the East Coast Native District, whose education and deep interest in the Natives were invaluable to them. The legislation of the session, he thought, would be satisfactory to the Natives. A vote of thanks and confidence was passed.

DUNEDIN, To-D.vv

The whole of the bays in the Exhibition have now been allotted. It is expected exhibitors will be placed in possession of the spaces allotted on Monday.

AUCKLAND To-day Mr Upton has consented to stand for the Mayoralty.