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West Coast Times.

MONDAY, APEIL 14, 1890. Our kindi friends the London, financial criticQ are agaia inado happy.. Their occupation is uot yet gone. Fo l> some yeara New Zealand was tho ooa J-'k at which their diatribes were aimed, and so persistent were the attacks thai s ome of them could uot fail to injure, i^ut as there must be an end of all thinj^ 'fi, so these self appointed censors foua <i they could not continue f,o prophesy il. 1 of thia country; without running the risk of having their niaatles torn from \ them. It is true they claimed that tbe improved condition of things was owiDgto their warnings and behests, but as they did not take the (trouble lo show how such increased the quantity of our products or their nuwkefc value, the Qlaim was scouted, hoc to say ridiculeuV .,'

Disappointed with New Zealand, they fell back upon Victoria. That Colony is supposed, by the wiseacres of the London financial pie: s, to have got its ffipouiita iery niiich muddled up, and sffi'bel financially, in a bad way. Not j | only that, it has ihe audacity to come \ tna London, friark'et with a request for a four million loan at a low rate of interest, aud to fix the minimum price at par. Naturally the wise mon at Home are up in arms. Fiiet tbey predicted failure and were chuckling lo themselves over the sharp lessons tbe Victorians would receive. Then, as the tone of the market betokened that they bad made v slight error in their calculations, their voices changed expressive of their lineasiness lest the uufortumito money lender should be so misguided as to swallow the bait offered, and when success seems assured aud a premium of more than one per cent ia quoted, their astonishment knows no bounds. Even tbe Standard is bound to Confess that it has made a mistake, but adds, by way of throwing in a dash of sauce ut tbe end, that a debt of forty millions is a heavy load for a Colony devoted to the suicidal system of Protoctioo, with a slowly increasing population." This gives us in another form some reason for tbe ill natured sphit displayed towards the Colonies, It is not only because we are financially unsound in other ways, but because we impose rest'ridive duties on British manufactures that the money market is to be chilled against us. The allusion f;o tlio indebtedness of the Colony, can only lie regarded as a piece of ill-nature, il not a wilful intention to deceive. A tew months ago the Victorian Chief Commissioner of Railways, at an important assemblage in London, expressed himself quite prepared to form an association to take over tbe Victorian public debt in return for tbe Victorian railways. Since tben, those who have studied the question express themselves satisfied that the offer was a fair one arid there have been none of the decriers of tho country who have attempted to show that tho railways are not worth as much. With this before it, we can only view the Standhnl's assertions us written wish an intention to mislead its readers. Were tile big London diiily to attempt v compaiison betweeu Eogland and Victoiia, it would find the balanco wonderfully iv favor cf the latter. It is probably true as wns also said of Now Zealaud that auy attempt at a forced tale would not succeed iv bringing anything like the estimated values of freehold properties, but bow much more so would it be the coee with England. The bedrock value of land can only be guaged by its productiveness, and we have already heard sufficient to kuow that for years farming" ia the Uuikd Kingdom has been in a most distressful condition. One other fact that must not be lost sight of is the iucreaso to home trades that always follow colonial loans. A very large proportion of the moaoy borrowed is sent out iv the shape of goods ; traders iv the localities aifecled by tbe loau expenditure, buy largely in view of ibcreusing busiuebs, and the whole of the impoits of the Colony are increased iv sympathy lo the benefit of the British exporter. It may be, very oflen, against tho best interests of tho Colouhs (o borrow when they do, mid Jor such large sums, but that is a matter puiely for theinselvts lo consider; of thoir ability to repuy there can be uo question.

We MfKoiuie and his laami pui'cb&q^ inn Bteamer Tay, is still woather bound here. Ho proposed having the steamer towod to Greymouth as soon as the sea was at all smooth. Aa there is at present small prospect of this, tho steamer will probably be taken overland to Lake Brunnor from hero direct. j Despite the heavy rain that has fallen the last fewdaya, the Kuumra race-course is little tho worso of it, and if tho weather is at all promising the programme will be carried out to-day aud to-morrow. The horses wero exorcised on the course on Saturday and yesterday, tho going being perfectly safe and firm. A nurnbor pi' visitors are expected to attend thc^inceting from Greymouth. Ey the laat mail from Okarito, Mr BrookeSmith received word from Mr Palmer, tho manager at the Three-mile, that things aro progressing favorably, nearly all the machinery, including tho boiler, beiug in position. On tho arrival of the balanco of the machinery, and directly it is in position, dredging will be commenced. At the R.M. Court, Ross, on Saturday lasl^ Messrs W. C. Fendall and J. K. M'Kcy, Justices, presiding, tho following ca3es wero disposed of :— Borough Inspector v. Kuopp, vending without license.— Mr Park for informants ; Mr Moss for accused— Case dis>« missed; no costs ! were allowed defendantMattai v. Growcott, threatening language — Mr Park for defendant — Case dismissedDolan v. Mears, and Mcars v. Dolan, crosa" action for assault— Mr Park for Mears — Both cases dismissed. Police v. Mattai, illtrcating a horse — Defendant was fined 10a and costs, or in default seven days' imprisonment. Mdcfarlane v. Cunningham, assault — Mr Park for plaintiff— Pined £2 aud Co3tß £2 16s. William Tell Gold Mining Company v. threo shareholders — Adjourned till next Court dayThe Ohristchurch coach arrived at the usual hour on Saturday afternoon. Passengers — Mr and Mra Ehind and Miss Godfrey At the Eesident Magistrates Court on Friday last, before Messrs Bevan, Fowler, Fendall and Michel, Justices, the case of Mandl and Co. v. Thomas Treloar, was heard on judgment summons to recover the sum of £7, cash leut, and costs. The defendant, who now resides at Westporfc, did not appear* though tendered a saloon passago ticket by tho Anchor lino and travelling expenses, by tho bailiff of tho Court at Wesfcpord, which defendant refused to accept. After hearing tho evidence of Mr Mandl, the Bench made an order for the amount claimed and costs, to bo paid forthwith, or defendant to he committed to Westport prison for the term of on° month. It appears that Hokitika is uoL going to be allowed to escape "La grippe " which is now epidemic in the Southern Hemisphere. Many r oaidents of tho the town aro suffering moro o r less severely from it, though up to the present it does not appear to have resulted in anything moro aerioua than very bad colds. A Eeofton paper complains of tho existonco of a great amount of depravity amongst the juvoniles oE Keefton. Ifc says: — "A lesson was administered some while back at the R. M . Court, we regret to stale that ifc has not applied genorally to youthdom, and tho young vandals arc hard al it again, trospassing upon ' private property pulling down fences aud destroying trees and shrubs. They assemble in groups in the street, and tho language they make use of is frightful. 'J hero must bo some screw loose in their education, and bringing up ; too much latitude must bo allowed them, and there is wauting a strict disciplinarian in dealing with them. Meanwhile wo commend the actions of these gamins to the notice of the police, who jnight bo better employed watching them occasionally, than continual strolling on tho heat of Broadway." An English capitalist, who recently visited New Zealand to arrange for a trade in colonial produce, authorised his agent out hore to make regular shipments of flax at current market rates for many months to como. He slates that there will certainly he a steady and ' permanent market in England for New Zealand flax, but not an unlimited one. He attributes tho recent fall in price largely to tho excessive quantities with which tho Home market has been flooded, and which havo actually brought down tho price of Manilla fibre as well, this in its turn sending tho New Zealand flax lower still. It will bo necessary ho thinks, to send only moderate shipments, and all of good quality. If thuL is done, a steady market can, in his opinion, bo relied on. Wo wish, by tho way, Uml. tho AgentGeneral would send more trustworthy cable messages about flax. Each of the lasfc two received by the Government reporting a rise in flax prices has provod unreliable. Thia ought not to be. — New Zealand Times. The Tuapeka Times reports that Messrs Stowarfc and Gare, from a crushing of 120 tone of stono from tho Long Gully Eeef, Waipori, obtained 620z 13dwfc retorted gold. The Nenlhorn Recorder states that a crushing of fourteen tonß from the Surprise Claim produced close upon 2£oz jjer ton, oi 1 the net return of 330z ddwfc, exclusive of about au ounco or moro which tho blanketing was supposed to contain. This claim waß discovered by a person who was prospecting for alluvia] gold in Nonthorn Creek, below tho Croesus battery. The reef on tho aurfaco was very small, but widened in depth to about lft 6in. Tho report of the Victorian Mining Department for the last quarter of the year 1881) shows that the gold yield during that period was 162,9020z, the highest yield for any siuglo quarter Bince 1887. The yield for tho last threo quarters exceeded that of tho provious year. Eallarafc heads tho list in tho yields for the quarter with 55,1G80z gold, Sandhurst following with 3G,6820z. Compared with tho previous quarter there was an increaso of £25,555 in tho amount paid in dividonds. An ' Old Miner ' makes tho following suggestion : — ' The Upper Waipori having an area of 300 acros, with good prospects on tho false bottom, I would suggost that Iho company lose no time in getting the maiu bottom, boring and finding tho correct depth and tho prospects, which, if favorable, would inako tho proporty tho JHOBt valuable in Now Zealand j and tho Bhnres, instead of standing at 9s, might be worth as many poundß.' Says the Reefton Guardian :— Poor old Bill Fox, one of tbe most noted of that valiant band of explorers, the prospectors of the early digging days, oxpircd at tho Reefton Hospital. Ho had only been admit'od to tho institution about an hour when ho passed away. Tho causo of death was from decay and general debility, eugendercd no doubt by tho hard life tho old pioneer had contracted in leading tho way to frosh goldon fields. Decoascd was a man of intense onorgy and a certain amount of deUvnunation. of character, but latterly ho

hr 4 begoj} fo feil,~fHWl ft ww wi* ttTai. Ws/w generally breaking up. Ho had a splendid memory of bygone occurrences, and possessed a world of anecdote of tbo early diggings. Ho had Been life on almost every notable field in the colonies, and waa, we believe, one of the '49ers oi California. Ho leaves behind him a rocord of bis work in the several gbldfielcfa which he discovered, and which wore named after him and by him. His age was 65 years.

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http://paperspast.natlib.govt.nz/newspapers/WCT18900414.2.7

Bibliographic details

West Coast Times., West Coast Times, Issue 7672, 14 April 1890

Word Count
1,977

West Coast Times. West Coast Times, Issue 7672, 14 April 1890

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