The Evening Star. PUBLISHED DAILY AT FOUR O'CLOCK P.M. Resurrexi. THURSDAY, MAY 7, 1874.

Thames Star, Volume III, Issue 1667, 7 May 1874, Page 2

The Evening Star. PUBLISHED DAILY AT FOUR O'CLOCK P.M. Resurrexi. THURSDAY, MAY 7, 1874.

We ass very glad- to see that the persons int*r«st€din the mines on the Wai-o-Karaka flat hare not lost sight "of the question of deep sinking,, aidjßdJby the Government^"" A deputation waited upon His Honor tlfc-SupeMrjtriideri't <m iTue^ day, and weed tlie'%l»Bji^<tf'lhe mines in that WtiMW W considefetfon. V ITrfpoit of the proceeding, jjjjnEracing |he case as tendenTi reply i^rbe c found in another oolamnjextracted from tjheJDaily Southern. Cwif te^!*%?*^^ n ths tHis Honor ti*ry4iquifß» #be'satisfied as to %OP TO!fcfcMf <#<PBd to fbt scheme to the General Governments W« eta underhand which presents itself in,.the business., .The General Government are indisposed to undertake the responsibility of granting aldtti Vae?rfoi& dirid^d-paying mines/ and so require that' J the 'dividends should be withheld; tint it should be borne in mintf "ttiit;thii to sink a deep shaft is one that wbuldin all probability le*ii:tio!inorjnoußly-payable results. The chums paying diiideftds, at the present time would undoubted^ reap an immediate, but Jfc i« t sitot for, their, | ■ot^We^tKe^ proposed* assistance is re* quired, and it appears,; only reasonable to suppose that'if the security offered be sufficient the objection'to granting the loan ihoaid be^removed. Let the" claims to be bent^tted give substantial security for an equitable share of the loan asked fo«ixulnA*h«iidifllcu%-is c overcame; In j the ease of those mines which,are in a position to pay l diVidends, inetr working" ••curity^ IWi, Jif'fliat >tt 9 deemed' inadequafe l( ihenj. a ; reservCj fund can^be aecuaiilatea 'more than enough to satisfy their respeo&vß; ixl i If, it be sought to prevent one or two claims from paying dividends '(ffitil the whole of the loan-be repaid, ihen Government assistance had better Jbejdispensed w^th. If one of the shareholders would agree to such a

CQSvfi« K: [tXherlo»p .sought is to .benefit a whelfciittriot-^nbt it particular claim. If the liability be fairly apportioned, and the «^nitty%fronii each mine .be arranged in "some manner independently of yield*; #* ice no reason against grafting tl^£egsrecL assistance. But' we can iiqi^a/*he, insuperable objection which ' will .be^raißed by a payable mine acumulatimfF iireapital until every other mine not in nidfc•¥ fortunate position is able to to pay off its' share of liability in cash. WrnrsCnTitfced that certain mines will coutifljjtt rtli«ir operations as long as they pay. lililili* course will be dependant in a glifit-Srasisuie upon adjoining claims; and if the required assistance be refuse J, the next best thing to-do will be to pass a ooH^Whegsiyej Drainage. Act, which will eii*te%eM;deTetoped; mines to levy con* trromJoh'i tfn uidse plaiing which are reapinf^m .faV^ge of their neighbors' labatf «nd:d»afcerprite,' [A tele«ram reeeiTed thii afternoon'informs us that the loan has been arranged -with' the Mercantile^ney.]^ Jl ''^

W* b^i'fcofteceiveii proof sheets of the, aew^*£acation Bill, ergo we are not in a position to say much ;&• to its merits or demerits,' { but our contemporary has noticed some of ltg'principal points, and we^!»tjtrr.«»hesitatinjgly <that, if the^rw posed changes are all like.those indicated in this morning's Advertiser, the newBill wiUnot find much 'favor in the eyes of the public -To giVeto t>ebmmissioner the powers now exercised by the Central Board, and a portion of the powers of the lorti^in^tUirt.vWOTila'be to malte every^ tfainji iii couußption' with education sub* g,^^^ ti« will of'th* Executive for mWW%&t-J Tte other proposed

alterations are of too radical a nature ..Jo be entertained. One of> the best features of Mr. Lusk's Act is t^e;«r^biaation ;#tf the mi^hineryfor -r^gn^ti^ jiduoaiional; affairs so as to exclude anything like sectarian elements. ■ This precious "iigw; Bill wpiiid impose upon the, country a Commissioner' to exercise 1 • liifl functions under direction of the Superintendent and responsible advisers. Then the rating clause—that bugbear of Mr Lusk'a Act—ia to be altered. The incidence of taxation h^^^ been changed with a vengeance, Those whb have grumbled jand paid'the uniform fate of one pound ishall now be called upon td: pay two: jor three pounds—if the new Bill (becomes law. But we are not in position'to say more bf this precious Bill. ■Our knowledge of it is limited to the notice given in the morning paper.' Some jdays ago we said that: the proposed Bill jought to be made public, which perhaps' mayX ribcount for the fact 1 that'the favor Jshown to our contemporary was not (extended to us.' But'we are not much afraid that the Council will adopt |sach J ail Bill as r this of ' tjbe •Treasurer's. Better the one we have than •a bunfilintj Ipiecfe bf patchwork, Which if [passed would embarrass the s yfovernment ■in carrying it Mtjlnd have "the effect of the attendance at the schools ibycone;half• The.:public; and the (representatives in Couriioil will -have to watch jnarrowly that this .neyr Bill is .not smuggled through - the "Itouse' and 'made to supersede the present useful, though in some respects unsatisfactory Act