SUMMARY.

Colonist, Volume V, Issue 466, 11 April 1862, Page 1

SUMMARY.

About five years ago the subject of building societies was broached, and communications took place with some influential persons in Nelson; but this led to nothing but occasional conversations on the matter, and a low letters in the newspapers, till about three years ago, when a discussion on the subject took place at the Nelson Institution, whith led to the formation of the first society established here, namely, the Kelson Building, Land, and Investment Society. The success of this sooietv, which is terminable in ten years, £50 shares, induced several members and others to inaugurate a second, al'ier the first had been in operation some eighteen months. This society is called the Nelson Provincial Building Society, terminable in five years, £25 shares, which has proved thoroughly successful. And now, after some eighteen months' existence of the second, a third has been started on the permanent principle, £20 shares. Nearly 1000 shares have been already taken up, and this promises to be the most popular of all. The following are its main features :—

This society is established on a permanent basis, so that, at whatever time after its commencement a person enters, that, to him individually, will be the commencement of the society. To parties who feel disposed to join for an investment only, this society aft- rda peculiar advantages, with undeniable security, their capital being invested in Freehold Land and Buildings producing compound interest, and profits arising from the sale of shares, fines &c., thus preventing the cares and vicissitudes of business, or the application of their own personal exertions. Shares may bo withdrawn at any time after three months from the date of the member's admission, with five per cent interest on the paid-up capital; but in case of death or insanity they can he withdrawn (by giving two months' notice) v.ith the whole of tho profits carried to the credit of tho member, subject to the deduction of 2s 6d per share fi-r the management fund. Property mortgaged to the society may be sold, redeemed, "or exchanged, subject to the rules and regulations of the society. Members paying their subscriptions in advance will be entitled to a discount, at the rate of 2s in the pound per annum for a period of not less than six months. Shares £20 each, monthly payments 3s. Interest on realised shares, JO per cent per annum. Shares to be realised by auction—upset price of each £20 share, £1. Members may withdraw their shares with interest at 5 per cent per annum. It is estimated that the shares will be paid in full at the end of five years, thus getting £20 for each £9 of subscription, or nearly £125 per cent. The profits of the society will be carried to the credit of the shareholders every six months. i

The advantages conferred on the public by the establishment of these societies are evident in almost every street in Nelson. Shanties andleantoos have disappeared, and more costly habitations have taken their places; many mortgages about to have been foreclosed have been redeemed through the operation of these societies; good buildings are at once put up instead of the miserable hovels which used to disgrace our streets; and their benefits have extended far away into country places, where it is hoped a vast improvement in houses will take place consequent on the easy method of raising and paying back the moneys by members of these bodies. Instead of heavy rents for life, a man can now get a decent house to live in, which will be his own property at the expiration of a few years, by -paying a trifle over what he would have to pay as a tenant. We know of no other establishments which have conduced so much to the social advancement and comfort of Nelson as these societies.

We hope to see similar principles applied to the introduction of pure water into our city—a thing which will be forced upon us in a few years, when we have been thoroughly scourged into prudential and cleanly habits by a decimation of our population by drinking the abominations oH our wells and ditches.

Gas, too, the next requisite to an abundant supply of pure water, can be introduced by similar means, and every citizen would then feel an interest in these important matters to health and what is called * progress.* With the introduction of water and gas, proper sewerage for the town must be connected ; and all these operations worked together would cost very little more than any one of them worked out singly. No government guarantees are at all requisite in these matters, and we hope we have seen the last of this sort of applications to the government, to secure a certain per centage for a certain term of years, whatever may be the state of the money market; and we trust that the new Council will resolutely set its face against any quackery of the kind.

Another of the advantages of these societies is the utter extinction of the reptile class of money scriveners who batten on the vitals of their miserable victims, and after a successful course in their vampire path, retire to the old country to spend their ill-gotten means.

Cricket has been the order of the month, if we except the rifle shooting for the Government prizes. To show to what extent the former game is carried on in this province, we reprint the following scores of the various games in different districts. But even this gives but a faint idea of the general practice of this game of skill and agility. Every school has its players; and in almost every by-street wickets are pitched, and incipient cricketers from five years old and upwards are to be daily seen, weather permitting, vigorously at work. We may thus expect that with constant practice the vacancies caused in the adult clubs by fretirement or otherwise will be well supplied with native born cricketers. Probably in a few years New Zealand will be emulous of her sister colonies Austialia and Tasmania, and manfully defy an All England Eleven to once more leave their native shores and try their luck against their brethren of Southern Britain. In all the other provinces of New Zealand, we are glad to observe, this game is getting into more repute, but we think at present (hat kelson bears the bell.

It will be observed that we gave an account of the first game between the YVakatu and Wakefield clubs in our last summary. The Wakatu then made in their first innings 30, second 76; Wakefield, first, innings 42, second 65, thus beating their opponents with two wickets to go down. The respective scores of these two clubs which we give below shows how hardly the games have been contested. The last match was given to the Wakefield, as the stumps were withdrawn at sundown, and the Wakatu could not spare another day to finish their second innings.

WAKATU (CITY) AND WAKEFJELD,

Wakatd,

Wakefielb,

Wakefield,

Wakatc,

MOTUEKA AND RIWAKA,

Total, both innings, 102, and six wickets to go down

First Innings, Sharp, run out Waters, b Clark Mortimer, b J. Baigeut Almore, b A. Baigent Adam.s, b J. Baiyent Lane, c \V. Price Pratt, b J. Baigent . Greenfield, c J. Price Chittenden, not out Batchelor. b J. Baigent , Stallard, b A. Baigent Byes . 2 . 0 . 7 . 14 . 3 ■ H .'5 . 3 . 7 . 0 . 1 . 5 Second Innings, b A. Baigenfc . 0 b Clark . . 0 not out . . 13 c A. Baigent . 4 b Clark i . 2 c Joseph Price . 1 b A. Baigent . 4 b A. Baigent . 0 c Joseph Price . 6 b Clark . . .3 b A. Baigent . 0 . 4 69 Total, both innings, 96.

First Innings. T. Tunnieliffe, b Greenfield J. 3 J. Baigent, b (Greenfield . 13 J. Tunuicliffe, c Pratt . 0 Jos. Price, c Cbiltenden . 1 A. Baigenfc, run out . 4 Lines, b Sharp . . 0 Clark, b Sharp . . 0 Wells, c Pratt ... 0 Norris, not out. . .4 John Price, b Greenfield . 7 Win. Price, stumped out . 0 Wides . . 1 Byes . . 1 Leg byes . . 1 Second Innings, c Adams . . c Greenfield b Greenfield c Chittendeu b Pratt b Greenfield b Greenfield run out run out b Greenfield not out 0 0 4 2 3 0 0 0 1 7 0 1 0 4 45 22 Total, botli inning?, 67.

First Innings. , Clarke, l> Pratt . . 0 Wells, run out . . 0 Art. Baigent, a Chittenden 5 Alfred Baigent, b Harris . 5 Joseph Baigent, c Atmoro 1 Thos. Tunnicliffe, c Chittenden . . .30 Jos. Tunnicliffe, c Greenfield .... 6 Joseph Price, not out . 0 Norris, c Harris . . 1 John Price, c Pratt . . 1 Lines, run out . . .0 Byes ... 3 Leg byes . . 1 Wide balls . . 8 Second Inniugs. b Pratt . . 4 b Pratt . . 0 b Pratt . . 1 b Greenfield . 8 b Harris . , 33 b Greenfield . 3 run out , .3 c Mortimer . 0 c Harris . . 2 c Harris . . 2 not out . . 1 . 1 . 0 . 2 61 60 Total, both innings, 121.

First Innings. Second Innings. Mortimer, b Ar. Baigent . 2 b J. Baigent '. 3 Lane, c A. Bnigent . .6c Clarke . . 0 Harris, b J Bai»ent . . 14 ran out . . 5 (Jhittendun, b Ar. Baigent I Pratt, c Wells . 4 Atmore, run out . . 2 not out . . 8 Greenfield, c Ar. Baigent . 0 Maling, I) A. Baigent . 0 Batchelor, b J Baigent . 3 Waters, not out . . 3 Sadd, b J. Baigent . . 0 Leg bye . . I 36 11 0 Total, both innings, 47, with seven wickets to go down.

MOTCEKA. First Inuiugs. Staples, b Rawlinga , . .22 Delanoy, h Painter , . .0 Gieenwood, c Fry . . .16 lioyes, c Fry , . . .21 Boyce, b Rawlings . . . 2± Sutcliffe, b Fry . . . .10 Hawkin, b Fry . . . .0 Lunn, b Rawlings . . .1 Robinson, b Rawlinga , . .3 Atkius, b Fry . . .9 Parks, not out . . : .11 Byes . . . .13 Total, one innings . 130 Riwaka. First Innings. Second Innings. R. Fry, b Delaney . ,7b Staples . . 1 Grooby, b Staples . ,3c Greenwood . 0 E. Fry, b Delaney . . 0 c Sutcliffe . .13 AI'Lean, b Delaney . .3b Delaney . . 30 M'Nabb, run out . .2c Delaney . . 3 Duncan, c Sutcliffe . ,3c Delaney . . 6 Rawlings, c Sutcliffo . 8 ruu out . .12 Painter, not out . . 5 c Staples . . 5 W. Drummond, b Staples . 2 not out . . 2 Tutberry, b Staples . .Ob Staples . . 4 DDrumniond,c Greenwood 0 b Staples . . 2 Byes . . . 5 . . . 10 38 88 Total, both innings, 126. Motoeka.

First Innings. G. Boyce, b fainter . . 0 Staples, b F. Knyvetfc. . 2 Delnney, b F. Knyvetfc . 0 Greenwood, run out . . 3 E. Boyes, c II. Knyvett . 0 Sutcliil'e, b I<\ Knyvett . 3 Atkins, c Drummond . 0 Parkes, c H. Fry . .12 Lund, c E. Fry . . 3 Robinson, run out . . 0 Hawkin, not out . . 1 Byes . . . 4 Second Innings. I) M'Gavison . 8 Ibw. . .5 c Drummond . 23 c by H. Knyvett. 2 c by H. Knyvett. 0 b M'Gaveson . 4 b Painter . . 6 c H. Knyvett . 3 b Painter . . 3 c H. Knyvett . 0 not out . . 6 . 3 28 63 Total, both iuning3, 91. ItlWAKA. First Innings. M'Lean, b Delaney . .12 R. Fry, b Staples . , 0 M'G*ivisi.)n. b Staples . . 0 Painter, c Delaney . .10 Kawlings, c E. Bovca. . 0 K. Fry, b E. Boyes . .13 I' 1. Knyvett, c Suteliflb . 1 M'Nab, b Staples . . 22 H. Knyvett, cE. BoyeB . 11 Tutberry, b Delaney . . l Drummond, not out . . 5 Byes . . . 9 Second Innings, b Staples . . 0 b Delaney . . 2 b Staples . . 6 b Delaney . . 0 1) Delaney . . 0 b Delaney . . 2 b Staples . . 7 b Delaney . . 6 b Delaney . . 8 b Staples . . 1 not out . . 0 • 2 93 S3 Total, both innings, 126.

Hope. First Innings. Lines, run out - - - l\ Hillings, run out - - 0 T. Ni'al. b C. Knapp - 8 Nowth, run out - . 1 Kearne, b C. Knapp . 18 Roberts, c IW'Gowan - 0 Herriuk. 1> Fowler - - o Kinsctt, c Thomason - 0 E. Neal, not out . .3 F. Neal, b C. Knapp - 1 Webby, run out - .0 Bya - - .9 Second Innings, c M'Gowan, - 0 b C. Knapp - 0 b Rickets - - 18 st 0. Knapp - 3 c W. H. Knapp - 10 run out .- -12 c C. Knapp - 0 bJ. Rickets - 0 run out - - 0 not out - 1 c G. Wratt - - 0 - 3 51 47 Total, both innings, 98.

Spring Grove. First Innings. Second Innings. C. Knapp, c T Neal -10 rot out - - 7 J. Wiatt, b do. - . 0 c Kearas - - 21 Rickets, b Lines - - 9 not out - - 0 Fowler, b T Neal - -15 b T Neal - - 5 W. H. Knapp, b Lines -3c Kinzett - - 5 E. M'Gowan, b T Neal - 2 b T Neal - - 3 Eves, c do. - - - 0 (}. Wratt, not out - - 9 Thomason, c Kcivrns -. 3 J. M'Goivan, b Lines - 0 Simmondf). b T JNeul - 2 lives - - 1 - - - - 6 Widcs - - 1 - - - - 0 55 47