GENERAL TELEGRAMS

Taranaki Daily News, Volume LIV, Issue 25, 24 July 1911, Page 2

GENERAL TELEGRAMS

THE BANKRUPTCY ACT. By Telegraph—Press Association. Mastcrton, Saturday. At the Masterton Chamber of Commerce yesterday a remit from the Dannevirke Chamber was discussed, suggesting an amendment of the Bankruptcy Act to enable creditors in a bankrupt estate to appoint a private assignee. After some discussion it was resolved: "That the present system is better than the one suggested, and that in the event of an incompetent deputyassignee being appointed, the proper course would be for the citizens to petition for his removal." AUCKLAND SAVINGS BANK.

Auckland, Saturday. His Excellency the Governor, speaking at the ceremony of ro-opening the Auckland Savings Bank, which has been remodelled at a cost of £OOOO, paid a high tribute to the, public-spirited men who nurtured the institution through a period of adversity to its present proud position of prosperity, with 45,776 depositors, holding deposits to the amount of £1,292,091'. Of all beneficial institutions none contributed a more potent influence on the national character and personal happiness and contentment than savings banks. He spoke of the importance of the institution as encouraging thrift, especially among the industrial classes. Economic conditions in New Zealand and the rate of wages were higher than in older countries', but the cost of living was unalterably and remorselessly higher. Therefore it ivas important that workers should be encouraged to provide for the time when they would no longer have the power to earn money, yet had to provide for old age. A BOOKMAKER FINED. Hawera, Saturday. The magistrate, Mr. Kenrick, to-day gave his decision in the case in which Frank Corrigan, an ex-bookmaker, was charged with having committed a breach of the Gaming Act. Defendant was warned off the racecourse at the Egmont winter meeting, and was charged witli loitering on the main road adjacent to the course for the purpose of betting. The magistrate said he was quite satisfied that defendant was there for the purpose stated, and imposed a fine of £3O, with £6 costs. A WOULD-BE MARTYR. Christchurch, Saturday. Cooke, a. Socialist, who lately served a week in gaol rather than pay the fine for a breach of the city by-laws, was again arrested this morning on a charge of having refused to pay a second fine of £l. The term to be served this time is three days.