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Waikato Times, Volume I, Issue 52, 29 August 1872, Page 2

Mr. Thomson delivered a lectui'e on Life Assurance, at tho School-room, Ngarnawahia, on Tuesday evening, J. Hume, Esq., in the chair. The lecturer gave an interesting history of the origin and progress of Life Assurance, showing the application of the bonus as an addition to the sum assured, and by diagrams explanations proved that all policies doubled in value in 20 years, or if this proiib on bonus was used to wipe out the premiums they would be extinct in twenty years. The profit could also be received by the policy-holder in cash if desired. He showed that the profit on life assurance, properly managed, was very great, and' that by the mutual' system this was. all returned to the policyholder. The Australian Mutual Provident Society has declared revertionary bonuses to the amount of £485,000, and had accumulated a large reserve fund of £980,000, and was now second to no offiee inthe world for new business, standing, and reputation. The Lecturer explained that many advantages were giveu to the policy-holder, such as free or paid-up policies will be granted to members after having been assured for three years, if unable from any cause to continue paying his premium, and that loans gi anted within the surrender value, an. 1 that six month's grace was allowed after forfeiture of a policy, during which time tho policy could be re-instated without loss. Members were allowed to travel where they pleased. Thelecturer was listened to with great attention, The usual vote of thanks followed. A meeting of the Committee of the \vaikato A<*riculturaf Association was held ab Cambridge oif Friday, tho 23rd August—P. Leslie, Esq., president, in the chair. The president stated that the meeting had been called for the purpose of taking into consideration the tenders leceived from the various settlements He reminded the eommitte that at the previous meeting, it had been decided to request the local committee in each district to send in tenders stating the amount of subscriptions which they were prepared to guarantee, and that the district which offered the highest sum should be entitled to the show. Two tenders had been received —one from Cambridge, offering £73 10s, also one from Hamilton guaranteeing £50 if ths show was held there, and nearly the same sum if held in any other place. Mr. Seddou informed the meeting that since sending in the Hamilton tender, £15 additional had been promised. The president stated, that Cambridge being the highest tenderer was entitled to the "show. It was then proposed, seconded, and carried that the minutes of rae previous meeting be adopted. Mr.Seddon stated that the representatives from four districts had agreed to tender, and asked the president if the two districts mentioned were the only ones from which he had received tenders. The president stated that lie had received a semi-official letter from one of the To Awamutu committee, which stated that the To Awamutu people refused to be bound by the

action of their representatives, as they considered they had acted beyond their powers in agreeing to let the show by tender, saying it had been decided at a general meeting] to hold the shows ia alphabetical order. The president remarked that he was very sorry the Te Awamutu representatives had not put in an appearance at. this meeting, and hoped that some arrangement would be arrived at by which the district of Waikato would not be divided. Mr.. Clark proposed that the Cambridge people yield the show to Hamilton this year, on condition that Te Awamutu and. Alexandra unite with the other settlements ; and that the following year, Cambridge and Hamilton should guarantee to hold the show at Te Awamutu. Mr. Seddon stated that this proposal did the Cambridge people great credit, and that there was no act so likely to disarm opposition anil unite in one body the whole of the people in the Waikato. He also stated that if the show was held at Hamilton, more money would be raised there than had been already promised. The president stated that the proposal made was one which could only be settled by the Cambridge committee. At this stage, the Cambridge representatives withdrew to consult as to the advisabilily of adopting Mr. Clark's proposal. On their return, Mr. Huncirnan stated that Ihey come tu the unanimous conclusion to adopt Mr. Clark's proposition, on condition that Hamilton and Ngaruawahia guarantee to unite with Te Awamutu next year, and that there should be no division among the members of the Waikato Agricultural Association. Messrs. Seddon, liothwell, Wooley, Bycroft and Carpenter, representatives of Hamilton, and Ngaruawahia stated they would use every endeav our to raise subscriptions, and to make the following year's show at Te Awamutu as successful as possible, it was resolved that a letter be addressed to the vice-president embodying the above resoultion, requesting him to communicate with the representatives of the Te Awamutu district and receive their reply. Some conversation ensued about the appointment of a secretary, but it was decided to postpone the consideration, of this question till it was 'definitely known where the show would be held. The president stated that ho had received a communication from Auckland informing him that the Auckland show should bo held on Wednesday, the 2J)tli November. It was decided that the list of prizes as read by the president be- adoptedbeing at the rate of one-tenth of the figures given by the English Agricultural Society ; and that they be advertised forthwith; also that the entiance fees bs 2s Gd each on. all exhibits, and that all exhibitors be subscribers to the fund to the extend I of at least 10s. The president suggested that judges be obtained from a distance; and it was agreed that entries should be made on or before the 12th of ! November. After passing a vote of thanks to the chairman, the meeting separated. Mr, Innes has now completed his arrangements for the preparation of malt, having erected a large malting kiln, in connection with, his brewery at Ngaruawahia. It is one of the most perfect in all its arrangements that we remember to have seen in the Colony. Our principal object in calling attention to this fact is to impress upon the Waikato settlers the advantage they personally and the district generally will derive by the. cultivation of sufficient barley to supply at least the local, demand, The old excuse that the cost of carriage is so great that it will not pay does not hold good in this instance.. Mr. Inuea is. prepared to buy all the barley grown in the district at an advance on Auckland prices, and we trust that all who have land ready for the reception of this, crop will not fail to sow it. It will certainly not redound to the credit of our farmers if our local maltster-is compelled to import the raw material into the district. They must remember that their produce if consumed in the Waikato,. prevents the cost of freight and profit to the foreign producer from leaving the district, also, that every shilling retained adds to the prosperity of all. This may not be self-apparent to those who have not made political economy thenstudy—the fact nevertheless remains. We call upon the farmers to assist our energetic fellow-settler in his undertaking, by growing all the barley in their power, he will pay for it well, and that in itself should be sufficient inducement. We wish Mr Innes all the success his enterprise merits and tha. is no small modicum.

In our report of the Cambridge VoTunteera, our reporter neglected to mention the fact that a trumpet was presented to the corps by Mrs Pearaonof that town. The trumpet is a very handsome one ; and the act of giving it, most graceful. Nothing inspires martial ardour equally with the knowledge of the fact that the fair take an interest in the military man and his deeds. We trust that the Cambridge Volunteers, when the trumpet calls them to duty, will not forget that a lady presented it, and that the eyes of those they, love best are upon them. We call attention to an advertisement in another column announcing that Mr. W. A. Thomson, the lecturer to the Mutual Provident Society, will lecture this evening in the Volunteer Hall, Hamilton, and on the following evening, in the Hamilton Hall. The lectures delivered by this gentleman are both instructive and amusing, so that none should los.e this opportunity afforded them gratis.