STRUCK A REEF

Waikato Times, Volume 122, Issue 20421, 11 February 1938, Page 7

STRUCK A REEF

MATUA IN TROUBLE ENTERING NUKUALOFA (Special to Times) WELLINGTON, Thursday Advice was received this morning by the Union Steam Ship Company that the motor-ship Matua met with a mishap when entering Nukualofa harbour, the principal port of Tonga, or the Friendly Islands. The exact cause is not known, but It is believed to have been due to some change in the buoys marking the difficult eastern entrance to the harbour. Apparently the Matua struck a submerged reef, the impact causing some damage to the after part of the ship and the propellers. The vessel is said to be making some water. The Matua left Wellington on January 1 for Rarotonga, where she arrived last Saturday. Thence she proceeded to Nukualofa, where she was due on Wednesday. An inspection of the damage was made, but the full extent could not be ascertained. It was apparently not \ery serious. The Matua Is to complete her itinerary, calling at Apia and Suva before returning to Auckland, where she is due on February 21. The ship will then come to Wellington to go into dry dock about February 24 for survey and repairs.

STOCK EXCHANGE BALES AT AUCKLAND (by Telegraph.— pres* Association) AUCKLAND. Friday The following sales were recorded on the Stock Exchange to-day:— Commercial Bank Pref.. ex. div., £9 10s «d. Colonial Sugar. £46 7s fid. Milne and Choyce. Debenture Stock, 14s 9d. Martha Mine, 15s 2d. Inscribed Stock. 1953-57, 34 p.c., £97 15s. Auckland City debentures. 1/1/4 i--55. £lO2 15s: 1/1/44-07. £lO2 15s. Birkenhead Borough debentures, 34 p.C., 15/1/66, £9» lOs. The Noon Call Commercial Bank, ex div.. 16s 7d. New* Zealand insurance, 61s. Guarantee Corporation, i* 7d. Dominion Breweries, 37s 6d. New Zealand Brewery, i*'s. D?oken Hill Proprietary, contributing. 335. Golden Crown Mine. 4s 3d.