MR YOGEL IN LONDON.

Wellington Independent, Volume XXVI, Issue 3231, 21 June 1871, Page 3

MR YOGEL IN LONDON.

The " Anglo-Australian" writes : — Mr Yogel, the Colonial Treasurer of New Zealand, who arrived in London about four weeks ago, after having been detained some time in America, where he successfully arranged the new mail line by way of California, expects great results from that service. lam told that the boats to run between San Francisco, New Zealand and Australia — the first of which started on April B—will8 — will be all that can be desired ; and taking into account the large and varied interests ttlong the whole route, the journey to New Zealand and Australia bids fair to become as agreeable as it was once the reverse. Indeed, colonists need not be surprised if, before long, a number of tourists elect to spend their annual holiday in a visit to the colonies, rather than in '• doing" the European tour, with which everybody who travels is already familiar. Mr Yogel, as soon as possible after his arrival, came to an understanding with the Government about the New Zealand loan ; and, in connection with the Crown agents, he called for tenders for £1,200,000. I am glad to be able to say that the result as considered here to be a great triumph, whether regarded as a token of ihe approbation felt in this country of the general policy which the colony has determined to pursue in respect to the construction of public works or in comparison with the position which, under like circumstances in former times, New Zealand has occupied in this market. Tenders for £ 1,200,000 being called for, the total of the tenders received was £1,800,00, of which quite £1,300.000 were at the above the 0 minimum of £95 10s. The average price obtained for the whole loan, as I hear, was £95 16s 9d ; and the loan has since been in fair demand. I have been told that Mr Yogel proposes to remain in this country only a short time ; and that he is now, and is likely to be very much occupied in attending to business for the colony other than that connected with the loan. I may mention that many of the applicants for the debentures were not mere brokers, but private parties from differents parts of the country. Amongst other matters that have engaged his 'attention, is, I understand, tho N/elson and Cobden railway. Mr Brogden, the eminent civil engineer, who shirked the enterprise some time since, has promised to reconsider it, and hence something may yet be done in the affair. Mr Yogel lias engaged two convenient rooms in the Charing Cross hotel as offices during his stay hove, one for his own use, and one for his secretary, Mr Fox, formerly manager of the " Daily Times," Dunedin.