SHIPPING.

PORT OF LYTTELTON. ] Arrived. Yesterday. WanaKa, b.b , from Port.Chalmera, via Oamaru and Akaroa. 1 Rotomahana, b.b., from Auckland and W * 7POrt *- Sailed. Yesterday. \ Louie, schooner, for Auckland. ' Wanaka, 8.8., for Manukau said way Tarawara, b.b., for Sydney. SHIPPING TELEGRAMS. - ' Auckland, Yesterday. Arrived— Wairarapa, front Tonga, Sailed— Penguin, for Fiji. Wellington, Yesterday. Arrived—Charles Edward, from. Nelson and West Coast. , Sailed Wakaku, for Kaikoura and Lyttelton ; Charles Edward, for Nelson and the West Coast. feßggggggggg ——-

COMMERCIAL.

Ashburton Guardian Office, Tuesday Afternoon. Ashburton Live Stock Market.—Mr B. G. Staveley, for the New Zealand Loan and Mer cantile Agency Co., Limited, reports on the Ashhutton Live. Stock Market under date Ist ■ tX, . 1884 !— Sheep : The entry throughout, though moderate in number, displayed sheep of good quality, and superior as regards condi tion. to many recent markets. • Ihe tone of the sale was on the whole exceedingly quiet, with very little demand, and this was especially noticeable in the fat pens, where very little business was done, most of the lines submitted being withdrawn unsold. tat crossbreds made 14s and Iss, 2 and 4-tooth mixed sexes 12s 3d, and a line of very good well-grown longwool lambs, submitted by us, 12s 6d, which we believe to be the best price for this class oi stock for a considerable lime i : Vefy few yarded and business * limited. Fat cows and heifers made L 4 s s , Ls, and L 5 17s 6d; steers,- L 515 ; dry betters, L 3, L 3 7s 6d. __

DAILY MEMORANDA.

■'' ' . AUCTION SALES. Thcbsday, July 3. MrThos. Bullock, aT the Arcade, Burnett -Btreefc—Trees and Shrubs ■ v - -' Tuesday, July 8. • Matson, Cox and Co., at the Tmwald fJaleyards—Stock. '- - AMUSEMENTS,~Etc. This Evening. Bowragb Cricket Club—General Meeting at Road Board Office, Moore street, at 7.80 p;in, Thursday, July 3. . Stat * Aflhburton, L. O. L. Monthly Meeting, in the Arcade Chambers, at 7.20 p.m. Friday, July 4. Anhburton County Council—At Council Chambers, 11a.m. [ 1.0.Q.F .M.U.— Loyal Ashburton Looge, Tenth Anniversary Soiree Satpbday, July 5 Wakanni Road Board, at Road Board office, Moore street, at 10.30 a. m. ' ' * 'Monday, July 7. Borough Coun.cil» ; at Borough Council "Ohanabera, at 7.30. -

NOTICE TO ADVERTISER.

Advertisements for The Ashburtont Guardian mußt be sent in not later than: 3 p;m., with the number of insertion, written plainly on the copy, otherwise they will be inserted until counter manded, and charged accordingly. Re- Mae*'Advertisements must be supplied the day previous to that on which they are to be inserted. Special notices can be received up to &30 p.m., but will be charged double rates. , kXI notices of-Birthß, Marriages, or r" sender, as a guarantee of good faith; ; All advertisements and business lettura voba addressed The Manager; literary communications Bhould be addressed to The Editor.

MAIL NOTICES.

MMS elose at the Ashburton Post Office as follows: — ■ For Christchurch and North at 6 a.m. lO.SOa.rn., and. 6 p.m., daily. For Chertsey Rakaia, &c., at 10. SO a. m. and's p.m. daily. For Dunedin, Tiiftrald, Winslow, Hinds, Coldstream, Eangitata, Orari, Winchester, and Geraldine, at 10 a.m. daily. For Temuka, at 6 a.m. and 10 a.m., —For Timaru and South, at 6 a.m., 10 а. «nd£3o p.m. , daily. n For Greenstreet and Ashburton Forks, on Wednesdays and Saturdays, at 10.45 a.m. For Wakanui, Elgin, Seaview, Seafield, .and Kyle, on Tuesdays, Thursdays, and Saturdays, at 6.30 a.m. For Jlount Somers, on Tuesdays and Saturdays, at 6 a.m. and 4.30 p.m. For Mayfield, on Tuesdays and Satur days, at 6 a-m. For AshfecfTi Waterton and Longbeach, at 4.30_p.m. daily. For Flemington, on Mondays, Wednes days, and Fridays, at 4.30 p. m. For Newlands,-on Tuesdays and Fri- C days at 10.30 a.m. • TWftilw arrive* atf the Ashburton Pott >ffice — , ~ **-■/- From J ©hnafehn*oh and Rakaia at 10.15 am., 4.35 p.m., and 7.20 p.m. From Chertsey, &c. at 10.16 a.m. and 4.36 p.m. daily. ■ From Dunedin and intermediate places at From andTimaru at 10.40 a, m. б. 30 p. mlamdß p.m. daily. From Greenstreet and Ashburton Forks, Wednesdays and Saturdays, at 10 ■ ■ tm. *’’• " From Mount Somers, on Tuesdays and Saturdays, at 10.5 a. mi. and 8.15 p.m. From Mayf eld, on Tuesdays ahd Satur days,'atlD.sa.m. _■ From Ashton, -Waterton, and Long beachatdOa. m-daily. . Niwlands, oil Tuesdays and Fri days, atlToO p.m. - From Flemington , onu Tuesdays, Thurs days, and Saturdays, at 10 a.m. From Elgin, Wakanui, Seafield, and , Kyle .on TuesdayslThursdays, and Sat t * or days, at 4 p.m. ,

The Ashburton Guardian. Manga Est Veritas et Prevalebit WEDNESDAY, JULY 2, 1884.

'I he following is a list of letters re ceived at the Ashburton Post Office from places beyond the colony during the month of May, and remaining unclaimed on Ist July, 1884:—Malcolm Christian, Alexander Davidson, Edmond Fitzgerald, Jochum Nikolaj Hausen, Thomas In gram, James Mcßeath, Donald McNicol, Mr Ross.

The rainfall at Cliertsey for last month was 2.23 inches, and for the half-year ending 30th June, 17.3 G inches. At a general meeting of the Ashburton County Hunt Club held last evening, it was determined to hunt a drag during the current month in place of hares. _ The following meets have been fixed, viz : 3rd July, Gas Works; 12th July, Bakaia; 17th July, Mr J Corbett’s; 26th July, Winchmore; Slat July, Methven.

The Licensing Committee for the Ash burton district met at the Courthouse to day. to consider an -application made by P. Devane for a permit to the Waterton Hotel. Present— Messrs Grigg (chair man), McLean, Thomas and Dudley. Mr Crisp appeared for the applicant, and Mr Fisher for the owners of the property After hearing argument by counsel the Committee decided that they were unable to alter the determination arrived at at the annual mce'ing to withhold the license from the house.

An accident attended by fetal results occurred last evening to a carrier named William Clifton. It appears that the de ceased left Mr George Jameson’s store about a quarter past five with a dray and five horses, with a rniscnll» l: »<» < r ,l « load of goods for Alford Forest Having reached the part of the Alford Forest road recently repaired by the Borough Council, Clifton drove off the metal on to the adjoining tussocks, and before he had proceeded many yards one of the wheels dropped into the formed road and the dray cap sized, Clifton, who had been riding on the load, falling underneath it. Immediats steps were taken to extricate the unfortunate man, and when Con stable Smart and Dr Ross arrived at the scene of the accident this' had been done, but the latter gentleman at once pro nounced him dead, and the body was removed to the Roval Hotel. The de ceased has been resident at Alford Forest for some years, engaged in business as a carrier, and he leaves a wife and, we believe, children. An inquest will be held to-morrow at 2 p.m. The entertainment given last evening in the St Stephen’s schoolroom, must be pronounced a decided success, the pro gramme being well selected and admir ably carried out. The room was full and the audience testified their approval by hearty applause. Among the ladies, Mrs Hodge especially distinguished herself, giving the items allotted to her in such a style as to gain an imperative encore whenever she sang. Miss Moss also de serves a word of praise for her contribu tion. Mr Piischell was in good voice, and his solo “There is a flower that bloomoth,” from Maritana, was one of the most striking features of the evening, and ho also rendered with great skill his part in the duets with Mr H. Gates. The latter gentleman caused loud laughter by his oleveFsinging of “ Mrs Jones’s musi-. cal party, 1 ’ a comic song of the better class. A music hali ditty, of a not over refined type, given by a stranger to Ash burton, appeared to satisfy a portion of the audience, who insisted on an encore! Several recitations served to diversify the entertainment, which was on the whole the best of the series that has been given? We are desired to state that out of re spect to the memory of the late Dr Wm, Donald, R. W. D.G. M., the meeting of the Ashburton Masonic Literary and Debat ing Society announced to be held this evening is nostponsd until Wednesday evening, July 16th. It is impossible to remain long sick or out of health where Hop Bitters are used. See another — [ADVT.] Coughs. Colds, Bronchitis, etc., are quickly cured by using Baxter’s “Lung Preserver.” This old-established melicine is pleasant to the palate, and highly extolled by members of the medical and clerical profession. Read ad vertisement. The Bad and Worthless are never imitated on counterfeited . This is es pecially true of a family medicine, and it of positive proof that the remedy imitated is |is the highest value. As sobn as it has been tested and proved by the whole world that Hop Bitters was the purest, best, and most valuable family medicine on earth, many imitations sprung up and began to steal the notices in which”the press and the people of the country had expressed the merits of H. 8., and in every vv'iy trying to induce suffering invalids to use their stuff instead, expecting to make money on the credit and good name of H. B Many others started nostrums put up 111 sum lar style to H. 8., with variously devised names in which the word “ Hop ” or -‘Hops were used in a way to induce people to believe they were the same as Hop Bitters. All such pretended remedies or cures, no matter what their style or name is, find especially those with the word “Hop” or ''Hops” in their name or in any way connected with them or their name, are imitations or counterfeits. Be ware of them. Touch none of them. Use nothing but genuine American Hop Bitters, with a ounch or cluster of green Hops on the w» ’te label, and Dr noule’s name blown in th glass. Trust nothing else. Druggists and chemists are warned against dealing hi nuta tions or counterfeit?

A meeting of the Borough Cricket Club will be held this evening at the Wakanui Road Board office, Moore street. A lecture will be delivered to-night by the Rev W. G. Baker in the Presbyterian Church, on Home Mi-siona, The United Choir will assist in reridering musical selections during the evening.

A special meeting of the Borough School Committee was held at the Arcade Chambers this morning, to further con sider Miss Harband’s case. The public were not admitted to the proceedings, but we understand that it was determined to ask the Education Board to investigate the whole matter.

A large and influential meeting of gentlemen in favor of Mr W. 0. Walker’s candidature for the Ashburton seat was held last evening in the Upper Room of the Town Hall, when arrangements were made regarding the carrying out of the election, 'Mr Walker will address the electors in the Town Hall next Saturday, and at other places in the constituency during the following week. Particulars of the arrangements will be found in another column.

The Wellington Supreme Court yester day was occupied by a case in which the Hon. John Martin and Mr G. Macarthy we.’e plaintiffs, and Messrs Brandon and Sons, solicitors, defendants. The case was brought to compel the defendants to pro duco°accounts of their partnership with Mr Shaw, and to hand over to them cer tain moneys which it was alleged were due on a partnership account to Mr Shaw, the plaintiffs having made certain advances to Mr Shaw on an agreement that they were to receive all profits of partnership accenting to him in excess of a certain stipulated sum per annum. The defence is that Mr Shaw has drawn all he is entitled to from the partnership. After evidence had been taken the case was ad journed for consideration in Banco Court. Should the Governor be absent from New Zealand over a month, Mr Justice Johnston, as Acting Chief J ustice, will also perform the duties of Acting Go vernor. _ The annual meeting of the Otago Edu cational Institute began yesterday. Mr Milne, of Oaversham Public School, was elected President. The session will ex tend over three days. The Wakatipu takes to Sydney ten bulls and three heifers, polled Angus, from the New Zealand and Australian Land Company’s estate. Another trial is to be given to deep sea fishing at Port Chalmers, a fishing smack having been secured and properly fitted. At the adjourned meeting of the Auck land City North Licensing Committee held to consider the application for a re newal of the Scotia license, it was refused, the Bauch ruling that the house was not required. In the course of a rather ani mated discussion between Mr Cother and the Bench, it transpired that Mr Brassey, a solicitor, had written to the Chairman, and the latter had replied that the Bench would refuse the license.

, The Customs returns for the colony for the month are now complete, with the ex ception of two sm 11 districts, which are not likely to increase the amount by much. Last month the total collected was L 102.996, as against L 105,824 for the corresponding month last year, ihe prin cipal amounts collected in the colony last month were—Auckland, L 22,757 ; Wel lington, L 17.765 ; Lyttelton and Christ church, L 13,846 ; Dunedin, L 28,940. Compared with those for the correspond ing period of 1883, Auckland, Thames, Russell, Hokianga, Kaipara, Tauranga, Nelson, Westport, Greymouth, Hokitika, Tiinaru, Oamaru, Dunedin, and Invercar gill show a decrease ; while Poverty Bay, New Plymouth, Wanganui, Foxton, Wel lington, Napier, Wairau, Christchurch and Riverton have a slight increase. The Customs revenue collected for May last was nearly L5,00i) in excess of that re ceived last month. The beer duty col lected for June quarter, 1884, was L 3,628, as against L 4.136 for the corresponding period last year. The principal amounts last month wore— Auckland; L74tTg — Wellington, L3CH ; Dunedin, L 82 0; Christchurch, L 729 The largest falling off was at the latter place. The Wairarapa’s second excursion to the South Sea Islands is to commence next week. She leaves Auckland for Russell to-day, returns about Friday, and sails for Fiji on Monday. The programme of excursion will be the same as that drawn up for the trip just concluded. The criminal session of the Auckland Supreme Court was opened yesterday morning by Mr Justice Gillies. In his charge to the Grand Jury his Honor pointed out that the calendar was a largo one, but none of the offences were of an aggravated character. The number of Vlaori prisoners is unusually large, nine out of the twenty-one accused belonging to the native race. The majority of cases came f-om the country districts. In the Hikutaia ejectment case his Honor inti mated that the indictment case had been quashed by the Court of Appeal upon the legal point which he had reserved for its consideration. The money deposited in the Court, therefore, by the defendant by way of fine would be returned. Richard Owen Brigstock, for forgery, was found guilty and sentence was reserved. John O’Connor, for forgery, received twelve months.

At a meeting of the Christchurch Cham ber of Oommeijca it .was resolved that a banquet bff given to Mr Coster and the Directors of the New Zealand Shipping Company, in recognition of the groat value to this colony of the direct steam service.

The a. a. Rotomahana, with the San Francisco mail did not arrive _at Lyttelton till half-past seven last evening, twenty seven hours late, having been delayed by head winds and heavy seas. The Southern portion was despatched by special train, the bags for Ashburton arriving at about midnight.

Why do Hop Bitters cure so much ? Be cause they give good digestion, rich blood, and healthy action of all the organs. See— [Advt.] “ Rough on Rats.”— Clears out rats, mice, roaches, flies, ants, bed-bugs, beetles, insects, skunks, jack-rabbits, gophers. Druggists. The N.Z. Drug Co., General Agents, 2 “ BucHU-fAiDA.”— Quick, complete cure, all annoying kidney, bladder, and urinary diseases. Druggists. The N.Z. Drug Co., General Agents. 2 That husband of mine is three times the man he was before he began using “Wells’ Health Renewer.” "Druggists. The N.Z. Drug Co., General Agents. 2 August Flower. —The fmost miserable beings in the world are those suffering from dyspepsia and liver complaint. More than 75 per cent of the people are afflicted with these two diseases and their effects; such as sour stomach, sick headache, habitual costiveness, palpitation of the heart, heart burn, waterbrash, gnawing and burning pains at the pit of the stomach, yellow skin, coated tongue and dis agreeable taste in the mouth, coming up of food after eating, low spirits, etc. Go to your druggist and get a bottle of august flower. This valuab e medicine has cured thousands and thousands of sufferers, and is known in all civilised countries. Two doses will relieve you. It costs only 3s fid a bottle. Sample bottles, fid.—[Advt. Holloway’s Pills. —Health or Wealth.— No sane person would hesitate an instant in the choice between these two conditions. Now is the season to secure the former either by restoring or confirming it, These Pills ex pel all impurities from the system which fogs, foul vapours, and variable temperatures in geucler during winter ; this medihne also acts most wholesomely upon the skin by disgorging the liver of its accumulated bile, smd by ex citing the kidneys to more energetic action > ncreases the appetite for food and strengthens the. digestive process. The stomach and liver, lyljich most disorders originate, are fully under the .control of these regenerative Pills, which act very kindly yet most efficiently on the tcndcrest bowels.—[Advt.]

ELECTION ITEMS. e * Mr S. P.. Andrews addressed the elec- i tors of Stanmore-last night. He avowed ] himself a supporter of Sir Julius Vogel’s i general policy, and received a vote of cen- i fidence. A meeting of working men last evening : selected Mr W. E. Samuels, a painter, i to oppose Sir Julius Vogel for Christ-' church North. Mr Samuels declines to stand unless he is granted payment of his expenses and substantial support. This suggestion was n t, however, responded to. Mtc-Thomas Ferens announces that he will stand for Waitaki on the Radical ticket. Lord Reidhaven will contest the Oamaru Borough seat. (by telegraph.) Wellington, To-day. Mr B. Shaw announces that owing to stress of professional engagements ho is nnablo to canvass in the Inangahua dis trict, and therefore he declines nomina tion there. At the request of the Te Aro (Wellington) elector.s he has decided to stand fur that district. Kcmara, To-day. Mr Soddon offers himself for re-election and is at present unopposed.

PREHISTORIC MAN IN EGYPT AND SYRIA.

A gala meeting was held by the Vic toria Philosophical Institute of London in the second week in May, at which its members gave a worthy welcome to Vice- Chancellor Dawson, C.M. G., of McGill University, Montreal, at whose instance the British Association visits Canada this year. The Society of Arts kindly lent its premises for the oceasion, and its great theatre was crowded in every part long before the hour of meeting. The chair was taken by Sir H. Barkly, G.0.M.G., KC. 8., F.R.S., who —after the new members had been annoqnced by Captain F. Petrie, the secretary—welcomed Dr Dawson amid loud applause, and asked him to deliver his address. It was on “Prehistoric Man in Egypt and Syria,” and was illustrated by large diagrams, also flint implements and bones collected by Dr Dawson himself on the spot during his winter tour in the East. Professor Boyd-Dawkins, F.R.S., kindly assisted in the classification of the bones. In dealing with his subject, Dr Dawson remarked that great interest attaches to any re mains which, in countries historically so old, may indicate th® residence of man before the dawn of history. In Egypt, nodules of flint are very abundant in the Eocene limestones, and where these have been wasted away, remain on the sur face. In many places there is good evi dence that the flint thus to be found every where has been, and still is, used for the manufacture of flakes, knives and other implements. These, as is well known, were used for many purposes by the ancient Egyptians, and in modern times gun-flints and strike-lights still continue to be made. The debris of worked flints found on the surface is thus of little value, as an indication of any flint-folk' preceding the old Egyptians. It would be otherwise if flint implements could be Jound in the older gravels of the country. ”Some of these are of Pleistocene age, and belong to a period of partial submergence of the Nile Valley Flint implements had been alleged to be found in these gravels, but there seemed to be no good evidence to prove that they are other than the chips broken by mechanical violence in the removal of the gravel by torrential action. In the Lebanon, numerous caverns exists. These were divided into tfro classes, with reference to their origin ; some being water-caves or tunnels of subterranean rivers, others sea-caves, excavated by the waves when the country was at a lower level than at present. Both kinds have been occupied by man, and some of them undoubtedly at a time anterior to the Phoenician occupation of the country, and even at a time when the animal in habitants and geographical features of the region were different from those of the present day. They wete thus of various ages, ranging from the poat-Glacial or An ediliiviiu period to the time of the Phoenician occupation. Dr Dawson then remarked that many geologists in these days had an aversion to using the word “ Antediluvian,” on account of the nature of the work which, in years now gone by, unlearned people had attributed to the Flood described in Scripture, bub as the aversion to the use of that word was, he thought, not called for in these days, he hoped it would pass away. Speaking as a geologist, from a purely geological point jf view, and from a thorough examina tion of the country around, there was no doubt but what there was conclusive evi dence that between the time of the first occupation of these caves by men—and they tfere men of a splendid physiqua - and the appearance of the early Phoeni cian inhabitants of the land, there had been a vast su emergence of land, and a great catastrophe, aye a stupendous one, in which even the Mediterranean had been altered from a small sea to its pre sent size. In illustration of this, the caverns at the Pass of Nahr-el-Keib and at Ant Elias were described in soma de tail, and also, in connection with these, the occurrence of flint implements on the surface of modern Sandstones at the Cape or Ras neat Bey rout; these last were probably of much less antiquity than those of the more ancient caverns. A discussion ensued, which was taken part in by a number of distinguished Fellows of the Royal Society,, including Sir H. Barkly, F. R.S., Professors Wiltshire, F. R.S., Warrington Smyth, F. K.S., Kupart Jones, F.R.S.; Colon*! Herschel, F.R. S., the talented son of the lata Sir John Herschel ; Dr Rae, F.R.S., the Arctic explorer; Dr Dawson, F.R.S.; Mr D. Howard, the vice-president of the Chemical Institute, and other geologists. The meeting afterwards adjourned to the Museum, whore refreshments were served. '

CORRESPONDENCE.

vVe do not hold ourselves responsible for the opinions expressed by our correspondents,

MR TWOMEY EXPLAINS.

To the Editor. . Sir, —Allow me to thank you sincerely for having taken notice of ray schema for removing depression. I think, however, you might have spared yourself the trouble of trying to belittle me. As Mr John ‘Trigg said of the Ashburton Exhibition, that was “ a waste of energy,” because I am little enough already without any effort on your part to diminish ray politi cal stature. I feel my littleness now more than ever I did before, because I know I have a hold of the right end of the stick, but that 1 am too little to wield it. As you have not reported Mr Jolly’s Bank scheme, and as I have never had the ad vantage of hearing that gentleman, I do not think I can be said to have bean in spired by him. What inspired me is this. It came to my knowledge that a farmer borrowed LIOO on his crop at 15 per cent., 2£ per cent, commission, 2} per cent, procuration fee, and lawyers’ ex penses about LlO. Also that a Geral dine man paid L 8 for the loan of LBO for one month. These facts set mo thinking at first, and I wrote an article in the Geraldine County Chronicle (the weekly of the Timeim Herald, with which I was then connected), suggesting the desir ability of establishing an Association on the Building Society principle, so that farmers in distress might be able to bor row from it on reasonable terms. Shortly afterwards the Farmers’ Co-operative was started, but on different lines altogether. 1 have often thought over the matter

since, and I am sure many will forgive my folly, if so it is, because there can be no doubt but that the cause of the de pression is mainly due to the exorbitant rate of interest farmers have to pay. Thus even my failings lean to virtue's side. But you seem to sink all considerations in the terrifying prospect of my becoming a legislator. To allay your distressing fears, I may as well toll you that such a notion has not yet entered my head, and that 1 only issued the with the view of drawing attention to it. And like every one that speaks you seem to think it impossible to buy the Bank of New Zealand. Its propsrty consists of cash, land and buildings. Well then let it lift its cash out of tke buildings, keep its land like any landowner, and let the Go vernment buy the buildings. The last report shows that its land and premises are only worth L 280,000. Surely, the Government could raise that sum, but leas than half of it would suffice to buy the buildings only. Another way is to bay up all the shares (about L 2,000,000 would do it), and land, buildings and cash were all secured at once. The Govern ment have borrowed L 30,000,003, and judging from present appearances, it will borrow a good deal more. Why not in vest L 2,000,000 thus. As a matter of expediency this should be done. Ist, be cause you would thus disarm your great eit opponent, and, 2nd, because it would end a power which is suspected of con trolling legislative action. To buy the Bank of New Zealand appears t© me easy, and desirable, too, if ever we are to have sound legislation. Remember what hap pened in Victoria a few years ago, and ask yourself ia it not possible that the same thing may happen here if Parlia ment should pass enactments opposed to the interests of monetary institutions. In the extract which you quoted from my address is shown the fact that Banks are allowed to issue three notes in paper to every pound they have in gold, and when I ask this privilege for a Govern ment Bank, you characterise it as “colos sal ignorance of the first principles j which govern the circulation of money." j All I say is, that Banks are allowed to do it, and if so why should not a Government Bank do it ? The security of the Govern ment would surely be batter. I may not know the theoretical principles which go vern the circulation of money, but the practice is that as fast as one man lifts money out of the Bank another puts it in. Sometimes a little money passes through my hands but I never see much of it, be cause 1 am paid generally by cheque, and I pay by cheque and thus the money re mains always in the Bank. Almost every business man does the same thing. Tom Jones pays LIOO into the Bank, John Smith takes it out to pay Bill Johnson, who gees straight back to the Bank with it. If you argue that Bill Johnson may take it to another Bank, and that thus it was lost to the Bank out of which Jehu Smith took it, I will remind you that it may possibly have been imported from that same quarter in the first instance by Tom Jones, and that it has now only gone back to it again. The Banks trade on the money of their customers, other wise, the Hank of New Zealand whose capital is only L 1,000,000 could not trans act business to the extent of L 14,030,130 4s lOd last year. Its report shows over L 9,557,542 of discounted bills and securi ties of other Banks as assets. Sow could it do these things if it were confined to L 1,000,000 capital ? The fact is it works upon the money of its customers and de posits for which it pays between 4 and 6 percent., and charges 9 per. cent. The original capital plays only a small part in its transactions. In 1880 the capital of the National Bank of New Zealand was L 330,000,. but it had L 318.138 deposited with it for which it was not paying in terest and L5L9,248 bearing interest. Thus it had nearly three times its own

capital of other people*’ money in hand

and if these people asked for money it would have paid notes unless a demand for gold was made. Ex-Judge Bath gate the other day, at Duuedin, said the proportion of reserve to liability in the Banks of this colony was only 10 per cent. £ think now you will admit that a great deal of the business of Banks is done through having in their possession, the money of otltfer people. If so, my scheme of borrowing L 2,000,000, and converting it into L 8,000,000 cannot be altogether out of the way. It would have L 2,000,000 capital, the Government would keep the revenue account id it, which,*fcfter send ing one and a half millions to England, would amount to about L 2,000,000. The money of the ' Post Office Savings Bank and Insurance De partment amount to over L 2,000,000, accounts of local bodies L 1,000,000. As landowners’ accounts are proposed to be kept in the Bank, and as they are our exporters, the chief part of the value of exports would also go through the Bank. That is abont L 7.000,000. In 1830 (see

194 statistics) there was over L 3,200,000 on deposit in the Bank of New Zealand, half of which was not bearing interest, and if we are to take the Bank over this

would probably go with it. We find then tljeae figures : —Capital, L 2,0 'O,OOO ; revenue, L 2,000,000; Post Office Savings Bank and insurance, L 2,000,000; ac counts of local bodies, L 1,000,000 ; value of exports, L 7,000,000; deposits and farmers’ accounts,' L 4,000,000; total, LIB,OOO 000. The correctness of the item capital cannot be disputed, and if you say that the balance is exaggerated you may divide it by four and then you will have L 4,000,000, which, added to L 2,000,000 capital, would give you a sovereign for every pound note you had turned out. The revenue could be utilised as capital because you could pay civil servants in paper money. That is how they get paid now. They get a Government cheque, take it to the Bank of New Zealand and get Bank notes for it. Surely Govern ment Bank notes would be as good, in fact, they could be made a legal tender by Act of Parliament. The same thing applies to local bodies' accounts, and the beauty of both items is that you would have them coming in again next year, because the public and local body revenue would come every year regularly. Dis carding altogether the value of exports, the deposits and farmers’ accounts, yo'u are left L7,00.),000 in gold or L 1,000,000 after calling in every note issued. You may tell mo interest would have to be paid for the use of this money, but do not forget at the same time that no directors would have to be paid, that the borrowing rate would be 4 per cent, and the leading spo - cent. The bank rate of interest is par cent, in London, and yet the Banks there pay a dividend of 15 per cent. I fancy such a Bank as I propose would do as much badness as some of those London Banks (Bank of England excepted), and tha: if at a 2| oer cent. rate of interest they pay 15 per cent, the Government Bank ought to be able to pay something also. And now, Sir, I am afraid this is too long, although I have given only the merest outline of my scheme. It is hardly fair to me to be called a fool without first proving that my scheme is wrong. I have had the opinions of financial experts and Bank managers on it, and after pooh-poohing itjat first they come to agree with me that it was practicable. To young politicians, you say, all things seem easy. You are mistaken so far as I am con cerned, because 1 see almost insuperable difficulties in the way. I see vested in terests too powerful, the “free and en lightened franchiser ” too apathetic, and politicians too corrupt to be 'entrusted with any share m its management. These are the difficulties, but they are possible of being surmounted. If the Bank were placed under the control of men inde pendent of political influences, I am sure it would do. As you have made me pcae in an unenviable light before your readers.

to many of whom I am personally known,' I think yon ought to insert this. lam, etc., J. M. Twomby. «S| Leader Office, Temnka, June 30,1884. We have acceded to Mr Twomey’a roqaert to publish his rather but wo question if a single sensible son will be convinced that the scheme i he propounds is in any way practicable, jg&e The theory our correspondent lates, that a remedy™ o waver ab^Miga,! ‘ it is, should be looked at senejudy A simply because it is put forward good intention is, in our opinion, ptffe" ably false. In writing of the mi we did not consider the scheme woi of criticism, because, admitting the eY-> .• i, ‘ orbitant rate of interest te be the c uuf of our present depression, the remedy ,~y, can only be found in altering 'the which govern the circulation of r psti money. Does Mr Twomey not seefe-j; that the rate of interest is dete&hM mined almost entirely by the vaki*‘ of the security, and that it scarcely improve our affairs to founds* * National Bank, trading npon money that would be absolutely w °rih%,.£s| less! The most serious aspect of case is not that Mr Twomey believes his scheme himself —wahaye becwne quite used to amateur politicians aitujgsSm ridiculous fads of all kinds-rbnt he should find men who consider MK-gfoi i folly wisdom. In charity, we pteferJftjE* believe that the Bank managers i merchants ha refers to are what is vntj&jcl garly called 1 “ taking a rise ” out. . him when they say that they believe i scheme practicable. —Ed. G.]

CRICKET.

THE AUSTRALIANS IN BHCHbA^Qpjp [rBDTBR’s T ELEG BAMS—COPYRIGHT. V ij||! Loudon; June Wtaffial The Australian* commenced a to-day at Sheffield against eleven The following are the names of the —Barlow, Bates, Briggs, Emmett, shaw, Hall, Hearne. Peate, Read, Sharif, win, Ulyett. There was an enormous .; tendance of spectators. The weather n**IMB fine. A n excellent wicket had been V! pared, and the ground was in first ratw* r-l order, The Home team went in fiiit,ij'.-g and were all disposed of for a total 230 The highest scorers were BaMj|l||| b, 11; Barlow, b, 47; Ulyett, b, gall, c, 16; Read, b, 31; Briggs, b, WM- Emmett, not out, 11. The Australians iilgf |J their first innings lost three wickets. 65, when the stumps were drawn : dooh, not out, 25, and Giffen, at, 31, the highest scorers. -

CABLE NEWS.

I LATIIST FROM' EUROPE. ' J - i Ipi [REUTER** TBLEaRAUS—OOPTRIMCT* f t ' v \\l The Egyptian Conference. London, Jun« 30, The first meeting of the Conference | on Egyptian affairs was held to-day; .-,' ; The proceedings were chiefly of a for-'“''l mal nature. The representatives of the' British Government have, however, laid}'; before the Conference certain pro* - posals in connection with Egyptian < finances. -..j. The Kails. . . .. The homeward mails via Brindisi, ' from Melbourne, May 20th, were de livered to-day. (Received July 2,12.40 p.m.) •' I The Bradlaugh Case. . London, Jans 30. ; . I The trial of the action instituted by*. ; the Attorney-General against Mr Brad; I r laugh terminated to-day, when the r Court found that the defendant had illegally sat and voted in the House of ' Commons'in February last. (Received July 2, 2.45 ‘p.m.) h* The Imperial Government Victorious. London, July 1. In the Honse of Commons to-day ■ the motion of Sir Stafford Noithcote declaring that the Anglo-French agree' ment regarding Egypt, will neither lead to peace in the country nor justify the English loan O Egy ' r - came up - for discussion. After IWBUt debate the House* by a majority .of 42 refused to discuss me motion,, because it was deemed untimely,; . motion has therefore been postponed indefinitely. j The Pall of Berber. Cairo, July I • Major Kitchener, who has retun ed to Assouan from his expedition to he Nubian desert mountains, says til sir, is the fullest evidence that Berber las - fallen into the hands of the rebels. Cholera in Italy. , ' ? . ; Rome, Jtily 1 , - A death from cholera has occurr wl .. here, and fears are* entertained of t he disease spreading. 1 .U A 11 S I RAK A !M. (reotbe’s telegrams—coryElGHT.) Religious Education. ■ v Sydney, Teste rdayj The question of religious instruct] on • in State schools is now seriou sly ’' occupying the attention of the New -' _ South Wales Government. |. Revenue Returns., • - - + * The New South Wales revenue for %. the quarter ended 30th June amounts to Li,830,000, being an increase of Li 19,500 compared with the revenue tor the corresponding quarter last' year. Hobart, Yesterday. The revenue for the year ended June, -■ 30th amounted to L 560,000, the largest ever received. [Received July 2,12.40 p.m j Shipping. Melbourne, To-day. Sailed, this morning—Arawata, for Bluff. Revenue Returns. Adelaide, To-day. The South Australian revenue last year amounted to L 2,000,000, a de- jd crease of L 55,000 as compared with • gfl the previous year. The Customs ‘ ceipts have decreased during the months by Li 03,000, and the revenue by L 75,100. Taxation Proposals. In the| House of Assembly last Mr Colton, the Premier and Treasurer, made a statement in he announced that the . Budget deficit of Lg 3,000, and that it intention of the Government to the imposition of a Land Tax Income Tax. Opening of Parliament. Hobart, The Tasmanian Parliament yesterday. The Governor’s he occasion announced that he measures to be proposed >ne providing for the in Australasian Federal Council, -

TTTF, ASHBURTON GUARDIAN, WEDNESDAY, JULY 2, 1884.



N 3ft - W w O R K. Copiesof Mr Bowbon’s Book “ Cheese, Butte*, and-Bacoh,’’ can be coined a* this office. Price, 2s. S - TIMMQ begs to inform the work • tog men dt the district, who are in vent of a comfortable home, that he has taken the WATERLOO BOARDING-HOUSE to Tanered street, and hopes to receive natronage. Board LI per week. Meals, t all hours, 'ls, 3 453 COMMERCIAL Stationery, . . Account Books, * 4 • &c. ES, U 183



Wanted WANTED to Buy—Honey and Wax in any quantities. Apply Fried lander Bros. 6 1239 WANTED Known—Pork Cuttings for sale at Mrs James's, Baker’s Build- i nes. near Harrison’s Auction Rooms. B 7 1260 WANTED— By a young girl, a Situa tion as nursing governess or needlewoman, can be well recommended. Apply office of this paper. 7 1253 WANTED Known—Flemington Fac tory Cheese, Best White Sago, 4d ; Tapioca, 5d ; Bis cuits, 4d ; White Crystal Sugar, 4£d. — J. McGregor’s, Tancred street, opposite the Arcade. 4 640 A NDREW ORR’S cheap sale of ~ Drapery, Cloth and Boots is now going on. Come early and secure bar gains. 7 1245 XT’/"ANTED Known—Bargains in Boots and Shoes. Come and judge for yourselves. One lot of Women’s Boots, slightly soiled, 4» lid, reduced from 10s 6d. 7 1246 WANTED Known—Will clear several Trunks of Women’s Kid Boots at 7s 6d, former price 11s 6d to 12s 6d. 7 1247 ANDREW ORB is selling Girls’ Kid Boots for 3s lOd, worth 7s 6d ; Maids’ 1 and 2 Kid Boots ss, worth 9s 6d : Men’s Shooters, 10s 9d, north 16s 6d. ' 7 1248 WANTED Known—A splendid line of heavy Overcoats at 37s 6d ; Kaiapoi Tweed Trousers 12s 91 ; all wool Crimean Shirts, 3s lid ; Men’s Black Felt Hats 2s lid—at A. Orb’s Cheap Sale. WANTED Known Colored French Merinos, la 6d worth 3s ; Costume Cloths, B£d and 13id, worth Is and la 9d. If you want a Dress come and see them before they are all sold. H. 0. Segues, Sealv’s New Buildings, East street. r 6 1222 WANTED Kn wn— If you want good value for your money, go to H. O. Seobrs, and you will buy first-class Diapery and Millinery greatly reduced to meet the times. Sealy’a Buildings, East street. 6 1221 WANTED KNOWN— Robert Elston, Bill Poster, Theatrical Agent, etc;, Town Hall, Ashburton. Theatrical companies and others visiting Ashburton should communicate with the above. Orders by post or telegram promptly attended to. 760 c WANTED at once, 500 customers. Hayes and Co. having bought 500 pairs of sample boots are determined to clear them At startling prices. Chil dren’sE.S., Isper pair; ladies’ kid E.5.,3s lid per pair. H. & Co. have also a grand lot of boys’ and men’s boots at prices that will astonish all. 4 749 \TT ANTED Known—That Jones and W Bradshaw, next Mr Lancaster’s butchers shop, East street, are now offer ing Pig Feed, Chick Wheat, Horse Feed, etc., etc., etc., cheaper and of a better class than any other in the tjwn. All goods delivered free of charge in town. S 4 752 WANTED —The public who are in want of Boots to inspect our win dow before purchasing elsewhere. As far as style and cheapness we are determined not to be excelled. Boots for everyone, and at any price. Large stock of women’s best prunellas from 7s 6d ; men’s half sole and heeling, 4s 6d ; women s do, 3s 6d ; girl’s do, 2s 6d. Nokbs, Leicester Boot Warehouse, Burnett street. 12 1107 VETERINARY SHOEING {FORGE. WANTED Known— W. T. Kingston (late with J. R. Steel, Blacksmith) begs to announce to the public of Ash burton and surrounding district that he "has commenced business in * a new shop erected on tho Wakamii road, next O, Ray, Engineer, Millwright, etc. (nearly opposite Central Hotel), and trusts to re ceive a fait share of public patronage. All shoeing done in his usual style, and guaranteed the best workmanship. Re pairs neatly executed. Estimates given for builders’ ironwork. 3 552 Special Advertisements. MP O R N T. The undersigned is now landing prime Newcastle coal for household purposes. Also on hand, BEST NATIVE COAL AND BLACK PINE FIREWOOD. Building Timber at Prices to suit the Times. ALPHEUS HAYES, Coal and Timber Merchant. WILLIAM COLLINS, Manager. •y IOTORIA HOUSE. V PERIODICAL SALE. SURPRISING REALITIES. For Five Weeks Only. SHILLING TABLE WONDERS. Dimant and Coe, Ready-Money Drapers, Clothiers, &c. East and Tancred Streets, Ashburton. 5289 ■ INTER SEASON. THE NEW” ZEALAND Clothing Factory Are now Showing NEW MANUFACTURES FOR THIS SEASON. A Splendid Variety of Garments manu , factored from, the GEIEBRATED MOSGIEL TWEEDS. Patrons are specially requested to inspect this season’s OVERCOATS, SAC SUITS, TROUSERS, TROUSERS & VESTS, And our Grand Variety of CHILDREN’S and BOY’S CLOTHING. Every Description of Hosiery, Hats, Shirts, etc., AT WHOLESALE PRICES. A SINGLE GARMENT AT WHOLE SALE PRICE. 23 BRANOHES~NOW OPEN. Ashburton Branch : BAST STREET. NEW ZJB ALAND OLOTHINjG X FACTORY.



Special Advertisements. ANTED All our Costumer* and the Public generally to know that we are determined to sell our Goods, comprising— BOOKS, STATIONERY, FANCY GOODS, TOYS, &c., &c., . AT THE LOWEST POSSIBLE PRICE FOR CASH. Andrewes Bros., Booksellers, Stationers, &c., East Street South, Ashburton, E N U I -N E ROTHERHAM’S ENGLISH LEVERS from £5 10s. Genuine Waltham Levers, from £3 10a. All watches guaranteed two years. Special attention to repairs, which are guaranteed twelve months. G. aDAMS & CO, Practical English Watchmakers, 246 High street, Christchurch, Opposite City Hotel. 5 959 nPECIAL notice. THE READING PUBLIC. My present stock of Books (published .by Ward, Lock and Co., Lon don), and comprising some of the beat literature of the day, I will offer for sale at the London published prices. REMEMBER—any book at the Lon don published price—for cash only. B. Bevan, Stationer, Bookseller, etc., Saunders’s Buildings, 6 1200 Next shop to Quill’s Hotel. GRICULT URAL MACHINE SHOP. Charles Bay, WAKANUI ROAD, ASHBURTON, Engineer, Millwright, Reaper and Binder Expert. All kinds of Machinery repaired with despatch, and on reasonable terms. Ex tras of all kinds; orders taken for the latest improved reapers and binders, and the best twine. Sewing machines re. paired. 10 80Q j. BALLANTYNE & CO., HAVE now OPENED UP Extensive Shipmen*s of NEW WINTER DRAPERY. A large Choice and Magnificent assort ment in all the Departments, bought under Special Advantages from the manufacturers. All GOODS Marked LOW PRICES, as their rule is to CLEAR OUT THE STOCK EVERY SEASON. 1 J. B. and Co. are Manufacturers of i MENS’ YOUTHS’, and BOYS’ OLOTH ; ING, an industry which they have lately commenced on the premises, and which has proved a great success, the cut and workmanship of all garments being under special inspection. Also, MANUFACTURERS OF HATS AND ‘ CAPS of every description. Is off every £ Discount for Cash. DUNST ABLifi HOUSE, Christchurch, 5 1008 F YOU WANT GOOD AND „TRONG FURNITURE, oo TO DA rIS’B CHEAP FURNITURE AND BED DING MANUFACTORY, S IST STREET SOUTH, ASHBURTON. « V.'CP.Y article Sold at OJirieTchnrch & Prices and jjaranteed beat of Material and workmanship. FUNERALS CHEAPLY & COMPLETELY FURNISHED nl \TT A N T E D *IN TWENTY-POUR DAYS— £B,SOO. Money is wonderfully scarce, but the above amount WE MUST HAVE, and in order to secure it by the time required we have REDUCED THE WHOLE OF OUR LARGE AND VARIED STOCK, So that now anyone can buy A SINGLE ARTICLE AT WHOLESALE PRICE. JUST FANCY!—A yard of Flannel or Calico, a pair of Blankets or Stock ings, a suit for man or buy, a yard of tweed, a hat, bonnet, or any single article of underclothing at the usual WHOLESALE PRICE. So be wise ; study your own interest, ; and shop during the next TWENTY FOUR DAYS at H. E. May & Co., THE HALL, OHBISTUHURO H. 5 10H



Special Advertisment. Coal and Firewood. A. TAPPER, to say that he has added COAL AND FIREWOOD to his Timber and Iron Business, and is now Landing a consignment of Newcastle COAL, and is open to receive orders for the same. J. C. DUNCAN, Manager. Office : Old Bank of New Zealand, 6 1193 Roberts, paxton & co. ARE CASH PURCHASERS OF WHEAT BEANS BARLEY PE AS OATS COCKSFOOT AND RYE GRASS SEED. They supply farmers with the beat quality Large Oornaacks, at the lowest market rates, and will make liberal Ca'di Advances against Grain placed in their hands for shipment to London or else where. ROBERTS, PAXTON & Co. Late P. Cunningham and Co’s offices, Corner of Manchester and Lichfield Sts.. Christchurch. 3 523 ~ Pianos. 2 SPLENDID PIANOS to hand, mode rate price. Also, Splendid German Pianos sold on easy terms or exchanged. H. J. Weeks, Tancred street. Agent for 0. Begg and Co. 6 1173



.-Money wanted—We notice by our Using columns that one of the large dape clothing firm's of Christchurch are in need of £,3,500. In order to secure, the a before the 30th of fitly they have decid sacrifice their entire Stock, sappl " comers at wholesale price. We should, all friends wishing to make the' most' little money at their to lose c in visiting H. E, May and Co*. of the .r ,