THE MAXWELL HALL.

Wanganui Herald, Volume X, Issue 2701, 9 February 1876, Page 2

THE MAXWELL HALL.

TO TUB Ji OTTO It.

Sib,— Noticing a letter in your last week's issue from "A Looker On," in which ho mentions the difficulties the settlers <>f Maxwell are placed in regarding their Town Hall, it occurred to me, as Secretary of the Building Committee, to furnish the public with a feAY additional particulars in connection with this discreditable business. A "Looker On" mentions that Mr Pharazyn kept back the deed of conveyance of site till the building was finished. This is true ; but he was probably not aware that the Committee understood from Mr Pharazyn that the site would be made over to Trustees in such a. way that a loan could be raised upon it, in proof of which he informed a member of the Committe that there atouUl be no difficulty about the loan in case we required it bej fore the deed Avas prepared, for he would give his guarantee to a Building Society for its delivery. The Committee took Mr Pharazyn's word in tin's matter, naturally boliering him to be a man of his Avord, and would have acted accordingly, but had no occasion for the money till some time afterwards. When the deed arrived the Trustees were informed of the fact, and they accordingly proceeded to toAvn, and after signing it applied to a Building Society for a loan, but Avere informed there was no security, the property being placed under the Public Trust Act. Scarcely crediting this, they obtained legal advice and were confh'med in the fact. Now, Mr Pharazyn had evidently instructed his laAvyers to prepare the deed in such a manner that no one but a professional man could understand it — suchis the delightful simplicity of the English law — thus taking advantage of the Trustees' ignorance, who signed it without question. When applied to them for an alteration, he informed them that he would do nothing of the kind, neither would he sell the site, the settlers having treated him very badly indeed. This proves that the scheme Avas concocted by ' him to revenge his petty spite. Mr Pharazyn has been dealing with honourable men, and has treated them in a manner which I need not describe.' In addition, he has claimed a cheque of £5 for the legal expenses of transfer of site; and has appointed his stepson, Mr H. A. Lomax, our Local Justice, as a Trustee without the consent of the others. I must apologise for taking up so much of you i valuable space, but thought it right to let the public knoAV the whole facts, as the Committee has been blamed by some for its Avant of business caution. Whether the public will a«ree Avith me I cannot say. I have placed the facts before it, and I have no doubt it will come to an 1 accurate conclusion, lam, &c., Geokge R. Homer. Round Bush, ' ! j . „ Maxwell, Feb; P, 1876.

During his recent visit to England Sir Julius Vogelj made arrangements with the Bank of England for placing New Zealand stock on London market under such favorable conditions as cannot fail to have a very beneficial effect • on Australian securities, for there can be little doubt that the arrangements i will be made to apply to all the colonies.