The Wairarapa Daily. THURSDAY, MARCH 27, 1879.

Wairarapa Daily Times, Volume 2, Issue 119, 27 March 1879, Page 2

The Wairarapa Daily. THURSDAY, MARCH 27, 1879.

A few days ago the (Jhristchureh Press published a very able and lucid statement showing, from the bank returns, that the cause of the present scarcity of money in the Colony was not due to the withdrawal of money from New Zealand to the Australian Colonies. Our contemporary, comparing the returns lor the quarter ending September 30, and December 31st, proceeded to state

First, as regards the note circulation and deposits, we find that there was an aggregate increase for the quarter under this head of £138,032, distributed among the various banks as follows: ° Bank of New Zealand, iucrea.se .. £112,396 Union Bank, increase ~ 11417 New South Wales Bank, decrease ' Bank of Australasia, increase ~ ](J 517 National .Bank, increase .. .. 55',57 Colonial Bank, decrease .. .. 49 716 _ The next thing to notice is the condition of the coin reserves on December 31st, as compared with September 30th. We find that they have been strengthened during the interval by £49,070. It is a noticeable feature, however, that while all the local banks' rese ves are less, all the Australian ones show large increases, The figures are as follow Bauk of New Zealand, decrease .. £68,291 Union Bank of Australia, increase 82,528 Bank of New South Wales, increase 34,120 Bank of Australasia, increase .. 19,051 National Bank of New Zealand, dec, 13,319 Colonial Bank of New Zealand, dec, 5,016 We now come to that part of the return which deals with the advances which have been made by the various banks in the Colony to their customers, and we find that during tho quarter ending Decomber 31st they had lent the sum of £935,810 more than was outstanding on September 30th. Tho increase is spread over the whole of the banks except the Colonial, which alone showed a decrease, but a very trifling one. They stand thus : Bank of New Zealand, increase .. £737,056 Union Bank of Australia, increase 52,183 Bank of New South Wales, increase 71,524 Bank of Australasia, increase .. 35,311 National Bank of New Zealand, inc. 98,599 Colonial Bank of New Zealand, dec. 1H857 From the above figures it will he seen that the Bank of New Zealand had increased its advances to the public during the quarter by the large amount of £737,058, and the National Bank by £98,599. The Union Bank of Australia had increased its advances to the public by £55,183, the New South Wales by £71,524 and the Bank of Australasia by £35,311. And as these three banks had strengthened their coin reserve by £82,528, £34,126, and £19,051 respectively, it is evident that at that date there was no foundation for the report that they had been drawing in and sending capital from New Zealand to Australia.

Turning to tho operations of the whole of the year 1878, we find tli.lt, as Compared with those of 1877, the banks had largely increased tfieir advances, The figures are:— : • , Bank of New Zealand; increase £1,543,136 Union Bank of Australia, inc...' 204,820 Bank of New South Wales.'iuc... 110,375 Bank of Australasia, increase.. 147,950 National Bank, incrcaso., 475,159 Colonial Bank, increase.. .. 313,397 . £2,791,337 _ Toendeavor to account for the present financial depression by tracing it to one source is very useless, It was not one, but several, causes which directly tendered to create n crisis in New Zealand, Advances made to this Colony were, it is well known, called in. The Government, instead of feeding the Bank of New Zealand, it is said, has recently began to require accommodation, Foolish land speculations deviated from ordinary channels the circulation of money. Commercial disasters in England created a distrust in New Zealand, These causes combined were quite sufficient to temporarily check the operations of the banking institutions of New Zealand. Probably, before the winter sets in money will be cheaper and more plentiful than ever; in times like the present it gets locked up and hidden away, but the moment the scare is over it will be returning to its old channels,

The adjourned meeting of the creditors of Messrs Williams, Cameron & Co, takes place at Wellington to-day.

From the list of entries, Messrs P. H. Wood & Co. bid fair to have a capital sale at the Taratahi Yards to-morrow, Mr J. M, Girdlestone holds a furniture sale to-day. Lunch at 1 p.m. Sale at 1.15 p.m. sharp. Tenders are invited for the formation of two miles of the Mungapakeha road by the Engineer to County East. We call attention to Messrs lorns & Fergusson's largo sale sale of furniture on Saturday next, which will consist of the surplus stock of Mr G. T. Fanner, and will be sold in his old premises. A mob of eighty steers were brought down from Lower Wliareania yesterday, by Mr David Livingstone, comprising some prime beef. Forty head of tho latter were secured by Mr W. Perry. Wo see our friends at Tinui have arranged for day's racing on Easter Monday and Tuesday, As a rule we would rather see all the money spent on one good days sport, but it seems to be mero popular to make two days of it. A young man named McCaimnon one of the Permanent Cricketers belonging to the Melbourne Crickat Club was arrested last week for stealing money and a diamond ring from the pockets of members in tho pavillion. At the Police Oourt the charge was not pressed against him, but lie was sentenced to seven day's solitary confinement. j Mr P. Linn is organizing a choir to assist the Rev Father Halbwachs at the opening of the new Catholic Church at Masterton, Anyone wislii ng to aid in this laudable project should intimate their desire to Mr Linn without delay, as only regular practices together will enable the choir to acquit itself with credit on the occas ion,

We were introduced to a musical novelty at Mr Farmer's furniture depot yesterday, in the shape of a musical box on a large scale, .devoted to the rendering of Sankey and Moody's hymns'. The way it rattled off these popular melodies was wonderful, and the tone and quality of the notes was far

superior to the usual run of such instruments, Both the mechanism of the box and the perfection of the sounds evolved aro calculated to surprise and delight visitors.

The Ngatikahuna have, we learn, selected Henaro Matna as their candidate for the East Coast seat rendered vacant ly Karaitiana's death. As this tribe

comprises two-thirds of the constituency, and are unanimous in supporting the nomination, his election may bo considered certain. He is a very intelligent man, and speaks English very well. If returned he will be a warm supporter of the existing Government,—New Zealander, The night watchman, F Joiner, of the Theatre Royal Hotel, Wellington, was yesterday morning sentenced to four weeks' imprisonment for stealing two bottles of champagne, two bottles of beer, and a bottle of brandy. At the close of the case, Mr Unvin, the landlord of the

lotel, handed the stolen goods to the lolice, with the request that they should ie presented to the Hospital for the use of he patients.

The following advertisement appears in a late issue of a Wanganui contemporary: " Wanted .1 first-class man to slaughter and for boiling down, &c." Now it is hardly creditable that our 'Wanganui friends are in the habit of slaughtering and boiling down butcher's assistants, but the wording of the above advertisement would lead to such a supposition. An English paper of December'/ says: The Judge of the Brighton County Court was yesterday called upon to decide upon the right of a mistress to require the at- J tendance of her servant at family prayers. A young woman named Ridly, a cook, claimed a month's wages, in lieu of proper notice of dismissal. It was admitted that she had neither neglected her work nor behaved improperly, but was dismissed for refusing to join in the family prayers, which were held every day. Mr Martineau, the Judge, said that unless there was an express stipulation with the plaintiff before her engagement as a servant that she was to include attendance at family prayers in her duties, she was legally justified in refusing to join them, She went to her situation to cook, not to pray, and in tha absence of any stipulation on her part to join in the prayers, she was free to stay away. He gave-a verdict in her favor, with costs. The Califomian Advertiser tells an extraordinary story of a Chinese thief, with the singular name of ChewKow Yup, who is about to return to Hong Kong with a fortune of £IB,OOO, amassed in seven years upon the slender capital of four words in "Pidgin English." His first exploit was breaking into a dry goods store, and he was caught by a policeman. When collared he made no resistance, but innocently remarked, "You savee me leper," and the officer fled, giving his prisoner the opportunity to steal seven more undershirts, of which he promptly availed himself. He was only once brought' , into Court, being then charged with a wholesale robbery, and when asked to plead guilty or not guilty, simply repeated 1 the words of his charms, in a voice at once ■ plaintive and .full of expression. The . 1 Court was cleared in ! less than 40' seconds, ] two of the jury leaving their hats behind, 1 and the judge his gold spectacles, all of I which ■ Mr Chew Kow Yup appropriated, ' together with the loose change in the < clerk's drawer. The wealthy heathen is i entirely free from leprosy, ' i

In Molbourno an association lnis been formed for the sale of all articles manufactured by ladies, Were a similar society started here, would the stock consist of anything else beside babies) ' " Another seizure of rotten fruit has been made in Wellington. It will be necessary for Masterton fruiterers to be cautious, as they are equally liable to prosecution on this score.

Mr Henry Anderson has been again charged with an assault. . It is almost time that he resigned into the hands of young men the role of .fighting editor.

The ' Thames Advertiser' says the lowest tender for the Shortland reclamation works of the Thames-Waikato railway (second contract) amounts to £9,762, and the next lowest £9,800. Bishop Cowie recently visited Katikati, and received several liberal subscriptions towards the stipend of a resident clergyman. The congregation passed a resolution guaranteeing £7O towards the stipend for the first half-year. It is a note worthy fact that the first missile fired from the Afghan fortress of Ali Musjid was a Palliser shell. The twenty-two guns captured at Ali Musjid are described by an officer who saw them so beautifully made, especially the rifle mountain guns. All are marked with ShercAli's monogram and the Cabul badge, a tiger's head, which the soldiers irreverently term the Cheshire cat, The New Zealander reports that, Yesterday afternoon Mr George Cooper,, cordial manufacturer, broke his leg in a most singular way. He hud been into the Union Hotel to have a drink, and while there sat down. On rising, his ankle gave away, under him, and in Ming his leg was • broken below the shin. A conveyance was procured as soon as possible, and 'Jie was taken to the Hospital,

Lust evening a very promising little company was floated at Masterton which will be known to fame as tiie Masterton Theatre Royal Company, Already an influenticl provisional directory has been obtained and the shares, 200 in number at £5 per share ought to be rapidly taken up. It is well known that the company will have at its disposal a long lease of j the present valuable Town Hall property lon very easy terms. It may therefore be expected to be a financial success. The public hall as it is at present is not sufficient (or a town like Masterton, and we are glad to seo some one taking it in hand to bring it up to the mark, There is a telegram just received this afternoon writes the Chronicle which will gladden the heart of every genuine sportsman, who, m dear old Scotland, lias gone black cock and moor fowl shooting. It is as followsMr Bills, of the Acclimatisation Society, is a passenger by the Lyttclton from Glasgow to Port, Chalmers, ami brings with him a number of black game, which have arrived in splendid condition thanks to his care. It was thought hy nearly all experts-old gamekeepers, sportsmen, moor-owners, and the like-that black game could not outlive a sea voyage, no matter what precautions were 'taken.' But Mr Bills has achieved the work, let us hope that the " black cocks" will take kindly to their new habitat and increase and multiply exceedingly, Twenty years hence New Zealand will be a very paradise for sportsmen. What a pity it is that the rising generation are to have nearly all the sports. An extraordinary scene, writes the Post, took place at the Hutt railway station this morning. It, appears that while a number of gentlemen were waiting on the platform .for the 8.50 train to town, a gentleman in the Civil Service, whom we will call Mr o—, made his appearance, and expressed a desire to have a little conversation with another gentleman, also in the Civil Service, whom we will call Mr B . The two gentleman soon got to high words, and eventually, we areinfonned, Mr o—■ called Mr B —a " little skunk," and used other language which would decidedly be ruled out of order by the Speaker if spoken on the floor of the House of Representatives, Mr B— said little in reply, but pulled his moustacho grimly, and politely requested Mr 0 to step inside the station and " settle matters," and an herculean Under-Secretary kindly undertook to "see fair." A regular stand-up encounter then took place, and Mr o—got very much the worst of it. The police put in an appearanco after the affair was over—the story would hardly ■ be complete without that circumstance— 1 and it is probable that we have not heard J the last of the rcconlrc between Mr O ind Mr B—. |