DAILY MEMORANDA.

MEETINGS, AMUSEMENTS Etc Thursday, June 3 L.0.L., Star of Ashburton—Meeting in the Orange Hall at 7 30 Friday. June 4. A allburton County Council—At Council ' hambers, 11 a.m. Oddfellows’ Hall—Dance at 8 o’clock Saturday, June 5. Wakanul Road Board —At Road Beard office

Monday, June 14 Borough Council, at Borough Council Chambers a* 7.30

RAILWAY TIME TABLE.

Trains Arrive at Ashburton —From Christ church and the North, at 10.15 a.m. (express), 4.35 p.m., nd 7.10 p.m. From Timaru, 10.45 a.m. From Dunedin and South, 5.27 p.m. (express). From Mount Somers, 10.5 a.m. Trains Leave Ashburton —For Christ hurch and North, at 7.10 a.m., 10.55 a.m., cud 5.37 p.m. (express). For Dunedin and south, 10.25 a.m. (express). For Timaru, 545 p.m. For Mount Somers, 5.5 p.m

THE ASHBURTON GUARDIAN.

From and after the 30th June, 1886, the terms of Subscription to this journal will be as follows, viz.:— IF PAID IN ADVANCE 1

B. The above in so far as regards sub scriptions PAID IN ADVANCE will UOt flffuct old subscribers, with whom previously existing arrangements will re maintainell Birth. Marriage, and Death Notices, if paid for at the time of insertion, 2s Od each (stamps piay be sent as payment); if booked, 6s each. Announcements of Births, Deaths ana Marriages sent for publication from the country districts, require to be verified by the signa ture of the person sending the notice.

MAIL NOTICES.

Mails close at the Ashburton Post Office follows :

For Christchurch and North at 6 a.m 10.30 a.m., and 6 p.m., daily. For Chertaey Bakaia, &c., at 10.30 a. m and 5 p.m. daily. For Dunedin, Tinwald, Winslow, Hinds, Coldstream, Rangitata, Orari, Winchester, and Geraldine, at 10 a.m. daily. For Temuka, at 10 a.m, and 4.30 p. m J*uiy. For Timaru and South, at 10 a. m., and 4.30 p.m., daily. For Greenatreet, on Wednesdays and Saturdays, at 10.45 a.m. For Wakanui, Elgin, Seaview, Seafield, nd Kyle, on Tuesdays, Thursdays, and Saturdays, at 6.30 a.m. For Mount Somers, daily at 4.30 p.m For Mayfield and Buapuna, on Mon days and Thursdays, at 4.30 p.m. For Ashton, Waterton-and Longbeaoh, 14.30 p.m. daily. For Flemmgton, on Mondays, Wednes days, and Fridays, at 4.30 p.m. For Newlaads, on Tuesdays and Frl at 10.30 a,m.

Mails arrive at the,, Ashburton Post Office — From Christchurch and Rakaia at 10.15 .mu, 4-35 pan., and 7.20 p.m. From Chertsey, &c. at 10.15 £ and 4.35 p. in. daily. From Dunedin and intermediate places at 5.3^-i.m. daily. From Temuka and Timaru at 10.40 a.m up 5.30 p.m daily. From Greenstreet, Wednesdays and Saturdays, at 10 a.m. From Mount Somers, daily at 10.5 a-m.

From Mayfield and Ruapuna, on Wed aesdays and Saturdays, at 10.5 a.m. From Ashton, Waterton, and Long each at 10 a. m. daily. From Newlands, on Tuesdays and Fri days, at 2.30 p.m. From Flemington on Tuesdays, Thurs days, and Saturdays, at 10a.m.

The Ashburton Guardian. Magna Est Veritas et Prevalebit. WEDNESDAY, JUNE 2, 1886. The Panama Canal.

J The construction of the Panama | Canal is ?n undertaking in which the people of this colony are specially interested, and the Agent-Genera), Sir F. 1). Pell, has done good service by transmitting to the Premier a variety of authentic information with regard to the position and prospects of this stu pendous enterprise. It will be remem bered that in our San Francisco mail news we published a statement —eman- ating from the United States, of course —to the effect that the work undertaken by M. de Lesseps was all but impracti cable, and that a fabulous sum of money had been spent by the promoters upon reckless experiments and personal extravagancies. Certain capatalists in the United States have resorted to various means to delay as long as pos- j j sible the inauguration of the new high way ; nor have we far to look to find reasons for this opposition. The open -5 ing of the canal would divert a large amount of profitable traffic from the Pacific railway, and would very much lessen the value of certain concessions tcwaids the execution of a rival canal, i recently secured by the States Govern ment from the republic of Nicaragua, i We think these considerations will account for many of the attempts made in America and Europe to depreciate the shares of the Panama Canal Com -1 pany, and, while we recognise the immense financial and engineering difficulties which impede the way, we have little doubt that M. de Lesseps, with his amazing octogenarian juvenility will yet bring his great under taking to a successful issue. The dis tinguished Engineer, speaking at the annual meeting of the Canal Company, held in Paris in July last, said:—“ The adacks made on your undertaking, and the impression which these manoeuvres | were calculated to produce, might have led us to the hunied cutting of a narrow canal, to be amplified later on, after the passage of the American Bosphorus had been made Cy ships, and when consequently the feasibility of our scheme had been demonstrated, especially as it was originally supposed that there would he a larger amount of rock to extract than really exists. The idea then was that a total extraction of about seventy-tw’o million cubic metres would be necessary. To the future would have been left the burden of a heavier expenditure, the promoters gaining a few months and proving more speedily the perfect practicability of the plan of cutting the isthmus. These fears have, happily, not been realised. Our shareholders, remembering Suez, have resisted all attacks, and nobody has seriously called in question the possibility of cutting a direct maritime canal between the two oceans across the Colombian Cordilleras. On the other hand, the mercantile marine ready to utilize the canal as soon as it is opened, and the traffic which will result, are such that we ought to finish the canal as completely as possibf before it is thrown open. For the- | Suez Canal a traffic of three million tons was reckoned upon; and a traffic of twenty million tons will have to be pro vided for in a few years. At Panama

the first year’s traffic will be of the minimum amount of six million tons already known and ready to pass through; and who will venture to calcu late what the traffic between the two great oceans will be in a few years after the opening of the new highway so impatiently expected ? We have, therefore, to complete the maiitime canal at one stroke, and, as the sagacity and firmness of our shareholders sup ported us, we have not hesitated to adopt the programme ot our Supreme

Consultative Committee of Works—a programme submitted to you on 'he 23rd ofjuly, 1884. ... By virtue of one of the clauses of the concession the Colombian Government was called on to estimate the degree of advance ment of the works. The declarali n of the Government, dated the 26th of Dec., 1883 was in these terms : ‘The Panama Canal Company is entitled to De adjudged, according to the pro visions of the Act of Concession, 150.000 hectares of land, as the equivalent of rather more than one third of the execution of the work.’ With the works carried on since this declaration the efforts actually put forth may be considered as more than half the total efforts necessary. This con siderable amount of effort, which insures the execution of the work, being undeniable, the opponents of the Panama Canal Company, as formerly those of the Suez Canal Com pany, resort to puerile discussions, utter absurd criticisms, and, im potent to injure, they do not shrink from calumny or defamation.” The Times, in a lengthy article refeiring to M. de Fessep’s remarks, says;— “That real progress has been made with the canal works is admitted by those who have the best opportunities of judging from actual observations on the spot. Operations have actively been commenced on twenty-one sections of the undertaking, which are under four divisional engineers, three of them French and one Swiss. Up to the middle of 1884 the Canal Company had expended between £6, 000,000 and £7,000,000 sterling, of which £4,000,000 were represented by plant, £300,000 by house property, and £40,000 by land, not, however, in cluding the 120,000 acres conceded to the Company by the State of Colum bia. Since 1884 the expenditure in curred on the canal works has been considerably increased, six dredges of the Slaven type having been purchased at a cost of £25,000 each ; and it is not without interest to note that these have been made in Philadelphia. Many thousands of negro, Chinese, and othci laborers are now, and have for some years been, employed on the canal works, and at both Colon and Panama there are evidences of great prosperity. A great drawback is the unhealthy character of the climate, which is such that Europeans readily fall victims to malignant typhus and yellow fever. Attempts are now being made to effect sanitary improvements all along the line of route.” The in formation collected by Sir F. Dillon Bell has just been published as a par liamentary paper, and, taken as a whole, it is fairly satisfactory to the friends of the canal. The social and commercial advantages which would follow the completion of the work can hardly be over-estimated. As we have already stated, the enterprise is of especial interest to the people of this colony, and it is with sincere pleasure we show our readers something of the brighter side of the intrepid French man’s monster undertaking.

Tho following return of the numbers of arrests made by the Ashburton police for drunkenness since 187 P, was laid before tho Borough Licensing Committee to-day :

IS7'.», 1510 ; 1880, 187 ; 1881, 28-1; 1882, 353 ; 1883, 350; 1884, 31-i ; 1885, 2(>-i ; 1880 (to May 31), hO, We notice thaFMr A. Ironside’s Sultan has been awarded list.Oin in the liawkes Bay Steeplechase Handicap, of 500 sovs. There are twenty-nine horses weighted in the race, and the following are at the head of the list: —Canard 12st ‘.lib, Erebus, 12st .51b, Guy Fawkes list Blb, Sultan list (>lb, Maccaroni Hat lib.

Tho Ashburton hounds .met Bat Mr J. F. Fosters, Scotsdean, yesterday,afternoon. The sport was fairly good, and among those ou t wore Messrs Denshire, Mercwether, Corrigan, Jephson, Scott, Worner, Hunt (3) Bowyer, Corbitt, Frisby, Kemp (3) and Sawle. A very : pleasant re-union was held last evening in Saunders’ Buildings. About 50 young people, of both sexes, members or friends of either of tho two Ashburton brass bands, met to take farewell of Mr G. W. Savage.and his sister, Miss Emma Savage, who very shortly sail for Melbourne, whither their father,.Mr J., S. Savage, has preceded them.

The first meeting of the recently elected Hakatere Town Board will be held at the Hampstead Schoolhouse this evening. W. H. Messenger, who has been brought back from Melbourne under the procedure of the Fugitive Offenders Act, charged with wife desertion, passed through Ashburton by the express last evening, in charge of Constable Allen, ruutniox Christchurch.

The Christchurch City at its meeting last night passed a vote of congratu lation to Sir Robert Stout upon the occasion of his knighthood.

A meeting of the policy-holders in the Government Life Insurauca Association, at tended by forty persons, was held at Christ church last night. It was decided by a large majority to support Mr Shannon as a candi date for tho Board of Directors. A discussion on the management of the Association re suited in the appointment of a committee to raaka arrangements for a large meeting. A Christchurch paper learns that private information has been received by cable from London, dated May 31st, to the effect that the wheat market is affected by low prices in America, and is fid cheaper. No 1 Standard iCalitornian, 8000 to 10,000 quarters cargoes, for shipment in November, and January next, s worth 31s (id per 5001bs, cost, freight, and insurance to the U.M. This is believed to be the lowest price on record for an option so far ahhad, being for delivery about ten months hence.

THE HOME RULE BILL.

Expected Defeat of the Government

[RE JTER’b TELKU iAMS COPTBK4 HT. J

London, May 31

Forty-five members of Parliament attended a meeting convened by Mr Chamberlain. The Home Rule ques tion was discussed at some length, and finally all those present pledged them selves to vote against the second read ing of the Hill. The defeat of the Get vernment and a consequent dissolution are legarded as certain.

Lond in, June 1. Mr Bright will vote against the Irish Land Purchase Bill.

The “ Daily News” considers that should the voting on the Bill be adverse to the Government there is imminent peril of of an immediate appeal to the coupiy,

PARLIAMENTARY.

LEGISLATIVE COUNCIL

Tuksday, Junk 1

The Goa cd m»t ;u 2 30 p in. QU KTION!-, Mr Buckley, in reply to Dr Menzics, regretted that the attempt to introduce herring spawn had proved a failure. Mr Binkley, replying to Mr Wilson, ■■aid the Government did not intend intro ducing a Threats Molestation Bill this session, but would offer no obstacle to members doing so. Mr Buckley, in answer to Mr Wilson, said the Government had given permission to certain Givil servants to occupy paid positions in ceotain public companies. There was no attempt oa tire part of these officers to ova io (lie regulations. KKTKKMCIOIKNT. Mr Reynolds moved—“ That in order to ascertain what reduction can be effected in the exp-mlituro of the Council, a committee be appointed.” Mr Scotland seconded the motion pro forma Mr Mantel! moved as an amendment “ That the question as to whether any reductions con'd bo made in the salaries of officers of the Council be left to the Standing Orders Committee.”

The question that the words proposed to he omitted stand part of the question was put and lost. Ayes, 7 ; noos 22. Mr Mantel's amendment was then put and lost also. Ayes, TJ ; noes, ID, The t'ouncil adjourned at 4 p.m. till next day.

HOUSG OF REPRESENTATIVES.

Tuesday, Jump, 1. The House met at 230. p m, ERRORS IN THE FINANCt AE STATEMENT. Sir Julius Vogel said ho wished to draw attention to a few mistakes which were to bo found on page 11 of the Financial .Statement, 'lire first was that the reduc tion of the Property Tax in 1884 was stated as one-eighth instead of throe-eighths In the next lino a similar mistake was made hy saying that in 1885 tire increase was two eighths instead of four-eighths. Further on, the average in two years, which was stated as three-fourths, should have been five-eighths only.

QUESTIONS

Mr Pyko asked th ■ ] Premier whether in any future Bill providing for the bettor representation of the people of New Zea land, (lie Government will revert to the principle embodied in the 41st section of the Constitution Act ?

Hr Julius Yogel said that as there " as

no immediate necessity for this subject being taken up at present, ho did not think

it wise for the Government to disclose its policy on it.

Mr Beetham asked the Postmaster- General if the Government have received any communication from the Brit'sh or

Dominion Governments relative to the

establishment of a mail service from the Vancouver terminus of the Pacific Railway to ilong Kong and Australia ? vii Sir Julius Vogoljsaid a communication

had been received, but having concluded a service with Pan Francisco, the Govern ment did not think it desirable to take further step; in the matter. Mr (inn nd asked the Government if

they will propose or assist the appoint ment of a Select Committee to enquire

into and report to Parliament on the -sub ject of investments made by the Govern ment Insurance Association in land purchases in dilleronts parts of the colony during the past year ? •Sir Julius Vogel said if an enquiry were demanded the Government would inter pose no difficulty.

SUPREME COURT REPOKTINC DHL,

Mr To'e moved the second reading of the Supreme Court Reporiiog Bill, ex plaining that it was a similar Bill to that brought d own last session, with a few alterations.

Mr IvoHoston would not oppose the second reading of tho Bill, but he thought Mr Tolo should have explained to the House hia reason for coming down with this Bill, in spite of the very unfavorable rep Tts of the judges on the scheme. Mr Guinness opposed the Bill. Mr Dowaie Stewart supported the second reading of the Bill. 3 Mr Taylor would vote for the Amend ment.

Mr Hatch thought the Bill would result in a saving to tho Government, and ho should support it. Mr Samuel said the Judges were unani mous in condemning the propoal to appoint shorthand writers to the Courts. He was altogether opposed to the Bill. Mr Garrick was more strongly opposed to tho Bill now than he was last session Mr Sutter was astonished at the Gov ernment bringing down such a Bill in the present state of the Colony.

Sir G. Grey thought the Minister for Justice hid performed a great public duly in bringing forward the Bill.

Mr Tole said it seemed to him that the measure he had introduced would be sacrificed merely for the sake of economy. He denied that any new Department would be set up. All tho Government asked for was a sum of £SOO for a tenta tive measure. He desired to speak with all respect of the Judges, but he would ask, was no measure of reform to be intro duced simply because it had not received the support of the Judges ! He hoped the House would pass the Bill, which ho thought would prove a great public benefit.

The amendment waa lost on a division by 25 to 33, and the motion for the second reading carried. IN COMMITTEE. Tho House went into Committee on the Charitable Trust Extension Bill, which passed without amendment, waa load a third time and passed. Tho Municipal Corporations Bill waa further considered in committee. The House adjourned at 5.30.

EVENING SITTING

The House resumed at 7.30. THE BUDGET,

On the motion for going into Committee of Supply, Major Atkinson proposed to examine the details and policy of the Financial statement. They were apparently moder ate, but the Treasurer really deserted the lines of the Premier’s Invercargiil eg ee d\ and followed those of his own, la d down at Auckland. The malts of the year generally were satisfactory, but if the accounts of the year had been pro perly stated there would have bet-n no surplus. £12,C00 had been kept back from local bodies, and £25,000 had been transferred from loan to defence. This with overestimated expenditure accounted tor the apparent surplus. Then there was £25,(.00 from the Sinking Fund credited to revenue which had no right to be so used, so that really there was a deficit of about £IB,OOO, instead of a sur flua. When the previous Government left office the Land Fund was £BO,OOO in credit, but it had all disappeared, and was now in debt £20,000. If the Property Tax had not been lowered the deficit of the previous 'Government, which ilia Treasurer proposed to fund fer five years, could have been paid off. The Govern ment made a great show of reduction of the Estimates, but he quoted from figures | at length to show they were only reduc tions in name. They had no right to reduce the Property Tax while charges wore still being taken out out of revenue and thrown on loan, as charitable aid, for instance, indirectly was Ho contended they had done a very foolish thing in consenting to the conversion of loan opera tions, for they amounted to paying 4£ per cent, after six years, while it was certain I money could then be got cheaper than]

[ fii.t. He approved of the proposals of Govom ment re borrowing by local bodie , bir ol jected to the csntinuance of subai dies out of loan The expenditure - pab’ic vo ks e> • tied the i taa by £lio,ooo, and no was given m the Statement. The Treasurer ap pear.-d to have forgotten liabi i'.ios out standing foe whi e he stated there wa? £Boo,ooo’ to be voted as the H use pleased, there were really £ll9O 010 charges already incur ed, ao tha l n lad the proposed loan, th y would .u fact want £2 7d0,C00 to carry out the proposals of the -ota'omenf. He went through th' schedule of liabilities in support of this argument. The whole S titeraeuC foil beginning to end show that Governmen* bad not grasped the financial position of the c untry at all He deled them togive effet to the proposals of the cstatoaie v under £4,000,000, aid if they included the North Island trunk loan, it would be five millions. Thai the Statement was, as he said at the beginning, oily appr enily m >dera l e. Unless they wautel heavily increased taxation they wou d have to fsca retrenchment and make vary large reductions, and that ihis ve y session. They must set their face against any new works whatever, until they saw what money was wanted for these now in hand. He believed the House had made up its mind, but if it did not then the burdens would be heavily increased and population frigh eued aw. y Sir Julius Vogel ridiculed the Idea that there w»e disunion between himself and the Premier. What he said to Mr Buckley really was that they should map out their scheme of railways and adhere strictly to It, but not necessarily that they should go in for the whole lot at once. No sub files had been withheld from local bodies, | but some had not had time to take ad vantage of the At. Thsre was no secrecy ab m. th * £25,000 of Sinking Fund it had been duly notified in the “ Gazette” according to law. Ho defended ihe conversion operations, and quoted from M>jor Atkinson’s former speeches to show th it the latter had fjrmerly been In favour of asimi ar course. As to re trenchment it was a new cry to hear from the loader of the Opposition. He certainly had left in the pigeon-holes a scheme faintly shadowing an attempt of the kind, but it ready involved an increase of expenditure gradually amounting to £200,000 a year. He maintained the opinion he had freely expressed, that the Civil Service was not over paid. The liabilities on public works woulddevolveon the new loan, according to the regular custom by which the liabilities of one year became new votes of the next. The balance of £BOO,OOO was thus quite free for the wants of the next two years. He con gratulated Major Atkinson after his defence of the '’oads and Bridges Act, upon his candid admission that the Government proposals were better. His Idea that four millions would be wanted to carry out the Government proposals was altogether wrong. By t conomical adm’nis ration, £30,000 or £40,000 could be ta>’ed during the year, and ha defied ; nyone to say that Government had not b ion careful to save in every possible way they could. He concluded by thank ing Major Atkinson for the good temper he had displayed in criticising the budget. Mr J. W. Thompson contended that the Government wanted to borrow too much. A million ayi ar was quite enough. If a surplus could be shown at all, it ou?ht to have bean much larger than £31,€00 No member of the Government except the Minister of Public Works bad so.'wo any desire to retrench during the

receEß. 1 he debate was adjourned till 7.30 to morrow, and the House went into Com mittee on he Municipal Corporations Bill, thirty clauses of which were passed with alight amendment. The House rose at 1 o.m.

KIMBERLEY GOLDFIELDS.

Wellington, June 1. The Premier hag received a cable from the Colonial Secretary of Western Aus tralia, dated Perth, May 31, communica ted by Sir P. N. Broome, for general in formation. It says there is every reason to believe that K’mberky will prove an extensive goldfield. Its distance from Derby is 350 miles, and from Wyndhara 300 miles. The former is at present the better route. There are indications of gold about 150 miles from Derby. Drays can travel nearly three hun dred miles g||Pack horses must be used for the remainder of the distance. About a thousand men are known to be en route. It is most essential, to avoid hardship and risk, that parties should bo well equipped with drays, horses, tents, and several months’ provisions, for nothing can at present be got except at Derby and vVyndhatn, A Warden has been appointed to the field. W orks are being undertaken at Derby to facil tate landing and to pro vide storing rooms, and the passage from the Point to Derby is being properly buoyed, jetty lengthened, tramway CO i,Bttucte t from the jetty to town of Derby, a id a large bonded store built. The harbor at Wyndham, on Cambridge Gulf, Is excellent. The Government reside and police party are established there, and a survey party Is at work. At present ever, the best route U via Derby.’

CRICKET

The Australians at Home.

[REUTER'S TELEGRAMS OOPyKIOHT. 1 London, May 31. The cricket match, Australians v North of Enghiul, commenced to-day on the Old Trail'ord ground, Manchester. The weather was fine during the day, and there was a large assemblage of spectators, who manifested the keenest interest in the play. The following composed the North of England team: —A. N. Hornby, Lan cashire, captain ; R. G. Barlow, Lan cashire ; J. Briggs, Lancashire ; W. Bates, Yorkdii e; E. Pcato, Yorkshire ;J. M. Preston, Yorkshire ; Shewsbury, Notts ; G. Ulyett, Yorkshire ; A. Watson, Lancashire.

The Australians weat first to the wickets, and were all disposed of for 45 runs, the most prominent scorer being Jones, who was bowled for 15. Peates bowling was very destructive. He took eight wickets at the cost of 20 runs. The Home team took their Innings., hut tailed to reach the Australian score, having only totalled 34 when the last wicket fell. In this as in the preceding Innings the bowlers had a long way the best of it, the wickets being very

treacherous throughout the Jay. Spofforth took seven wickets for 20 runs Palmer the remaining throe for 10. The visitors then went ic for their second innings, and were all put out for 43 runs, Jarvis carrying out his bat for 10, while Garrett placed a like number to his credit before he was bowled. In this innings Watson took six wickets for ten runs.

The Australians then went to the field, and when stumps were drawn the home team had lost one wicket for 15 runs, thus wanting 40 to win with nine wickets to spare. The scores stand as follows Australian eleven—First innings, 45 ; second innings, 43. Tota', 88. North of England—First 34 ; second innings, for one wicket, 15. Total, 40. Bonnor was injured during the day, and had to retire.

The fielding of both the visitors and the home team was excellent, some splendid catches being made on both sides,

CORRESPONDENCE.

edo not hold ourse.’ves :esponsible for tl.* opinion's : xpr<-'isi’d hv our correspondents.

THE LAND ASSOCIATIONS BILL.

JO THE i'DITOR. Fir,— A a the reduction in the r*tes c£ i’lteres'. mu it all be of intense moment to a largo number of your readers, and as fhe Give nment have passed by on the ‘•h’r s -it-, a brief sketch of the working of the “ complicated ” Land Associations iiiii (which is less bulky than the un opposed IHorigage Debentures Bil) may enable the “heavily m> r g*g o d farmer ” to compare it with other suggested remedies for freeing him from his subsii zed mortgagee Stupp iag sa da tions to be s acted acc >raing to the scheme in the Bill, the way in which the farmer would proceed would be thus ; —Hiving agreed upon a maximum rate of interest to he paid for the loan to be raised and-t pulatr d r o jthe minimum amount of principal mo-iey necessary, the farmer gives the Secretary of the Association authority in writing to get all requisite particulars from the Property Tax Commissioner concerning the mort gaged land, and upon the basis of the information so furnished the District Land Registrar issues a certificate empowering the Association to dispose of debentures up to the amount required to release or shift the existing mortgage, but not be ond (10?) per cent above the assessed value of the property. The first (7?) parts of the total value of the debentures rank as a first mortgage, the next (3?) parts constitute a second mortgage and the remaining part is the equity of redemp tion, which may also be mortgaged, but its sale will entitle the holder to be re gistered as the owner of the property, subject to the payments agreed upon on the face of each outstanding first or second mortgage debenture. The Associa tion may by lodging with the District Registrar the agreement made with the farmer, issue the debentures in England subject to the conirol of a Government officer called the English agent, who is responsible for the due protection of the mortgagee to be paid off and the investors who may provide the money for so doing by purchasing the debentures which the Association has been authorised to issue ; and in no case can debentures be sold un less the price offered for them will pay charges and satisfy the claims of existing mortgagees. the English agent and the Association have been able to satisfactorily diap )se of debentures, the former without delay transmits to the Colonial Treasurer the funds required to release all outstanding mortgages to be replaced by the debentures sold, and the mortgagees are paid off, the Association occupying their place subject to the agreement entered into with the farmer, who may by arrangement pay off any aliquot portion of his debt by giving six months’ notice. Where this is done the principal money so paid is handed to the Registrar, who has power to pay the amount to a debenture holder, and issue a debenture for any balance due; if no provision baa been made with a view to paying he debenture holder before the end cf the term foi which a debenture may have been issued, the Association, with the consent and under the supervision of the Registrar, may invest any principal moneys paid in some suitable way in the colony. In the event of any investment of principal money proving unremuoera tive, the funds oi the Association are to be held liable for the deficiency, but the farmer who has made a payment whether of principal or interest cannot be made to pay a debenture holder, but the latter may, if necessary, take civil or criminal proceedings against the Directors of the Association for any default in payment. The Registrar may step in and receive the half-yearly payments of interest forthe debenture holders in certain cases, and in the event of his so doing the Associa tion may be considered to have abandoned its claims to the “security” in the hands of the Registrar, who is then invested with the Association’s rights for the benefit of (I) the debenture holders, and (2) the Assoc : atlon’a creditors. While the farmer meets hia engagements no one can interfere with him, and, if a shareholder in the Association, he cannot be charged more than 6 per cent for a loan on first mortgage, but persons not Interested in the profits of the Association may le charged 7 per cent £>r similar accommodation A typical case will perhaps make the scheme somewhat clearer A farmer whose land is valued at £IOOO by the Property Tax Commissioner can, if the Legislature de cide upon 10 per cent, being added to the assessed value to constitute the value under the Act, be registered as empowered to issue debentures up to a total nominal value of £llOO, but this would not deter mine the price for which his land could be sold ; it is simply a basis upon which to work, and if he has an outstanding mortgage of £BOO upon his land, it must be clear that if a debtof £7OO constitutes a first mortgage, a portion of the proposed second mortgage must be also sold to pay off the existing debt. So the Association will endeavor to sell the first mortgage debentures up to their full nominal value of £7OO, * and will also put into the market a portion of the second mortgage So that the farmer will, in the event of the debentures being sold, still owe £BOO ; but his gain will lie in the re duced annual interest and smaller law charges he will have to pay. Thus, sup posing that he pays at present 8 per cent., and that he pays to the Association per cent on the first mortgage of £7OO, and 6t per cent, on the second mortgage of £IOO, his annual gain wiU be the differ ence between £G4 and £45, or£l9 ; and, on the same basis, a farmer will save something like £BO out of every £IOO which he now pays as interest It wouldfpay the banks in the colony to lend the English capital, borrowed at about 4 per cent., to landowners at almost the same rates if they could use the de bentures so bought as a security upon which to issue “convertible mortgage notes,” as contemplated in the Land Associations Bill.—l am, &c.,

J. H. Newltn,

INTERPROVINCIAL NEWS.

Wellington, June 1. Private letters from Home state that Sir James Ferguson is about to marry again. Auckland ammunition is now being supplied to Government depots at the rate of 20G0 rounds per day. The close seasons for seals, which expires to-day, has been extended by Order in Council until Ist June, 1887. A man about thirty-five years of age was drowned to-day while crossing the Ruamahauga, at Te Whiti, In a canoe. A Wellington pawn ticket was found on him, with the name of Richard Cole.

The Russian man-of-war Veatnlk sailed tor Auckland at three - o’clock . this after noon.

Mr Bryce was this afternoon the re cipient of a congratulatory address from the residents of Taranaki. The address was presented by Mr O. Satnnel in a few well chosen remarks. Mr Bryce in re turning thanks, said he was especially grateful foc| this mark of satisfaction on the part of the Taranaki people, who were the best capable of judging of his actions.

It appears from the statement of the pilot, th it the Russian warsh-p. Vestmk, which sailed for Auckland this afternoon, proceeded through Geek’s Straits instead ■■ji taking the East Cuait route. .Uvnedin, June 1. A lad named Henry Mills h’d two of his fingers amputated by a sausage maoblpe at Mopgiel to>4»£i B

THE A> HBOiil'ON WUAKUIAN,- WEDNESDAY, JUNE 2, 1886.



Per Quarter.. 6s 6d, by post, 9s Gd ,, Half-year 12s 6d„ .by post, 18s Od „ Year .. 21s Od, by post, 37s Od IF ROOKED : Od Per Quarter.. 7s 6d, by post, 10s ,, Half-year 15s Od, by post, 21s Gd „ Year 30s Od, by post, 13s Od



Wanted. | T ANTED—A boy to driva a cart. V Apply to Henry Zander & Go. WANTED —A good general servant. Apply Office of this Paper. (» G*.> WANTED Die sniaking, Plain Sewing, and Work done by the day. Miss Haig, at Miss Turton's, Havelock street west. 6 (kf WANTED KNOWN—To Meet the Times, O. Hawkins. Tmwald, is now making Men’s Watertight Boots to order.—llivctted, 18a ; pegged, 20a. A good assortment of Boots for the winter season, now in stock, at the lowest possible price. A call earnestly solicited. ANTED—Two Sisters or Friends may meet with Board and Resi dence in a comfortable home, in Ashbur ton, at moderate charges ; or Two Young Girls attending the High School. Address in first instance, P.S., Randall’s, Fruiterer, Ac., East street. 6 52 ' ANTED Known—Prof. A. E. Rice will issue Charts at his office, , Town Had, Ashburton, during next week giving a correct delineation of character. Also, giving a perfect diagnosis of health. 2 Prices for Charts : 5», IDs, £1 Is. Office 5 hours —From 10 a m to (1 p in 5 40 5 45



Messrs white, smithson, and RAYMOND, of Timata, Solicitors, notify that their Mr J W. WHITE will attend THE ASHBURTON COURTS, and may be consulted after the arrival of the South Express on Mondays and Thursdays In case Mr White should be prevented from being present, one of the firm will attend. MONEY TO LEND upon approved securities. Temporary'offices at O nil’s Hotel. IrtOK CASH. White Sugar, 2id ; ■ White Crystal, 3d ; Sperm Candles, 5d ; Lingfish, 4d ; best Lobsters, 6d ; Plaid Vestas, 5d per doz. ; Tea, Is perlb; Sago, 2id; Tapioca, 2id; Cutting Salmon, 8d ; Venus Nailrod, 5s 6d ; Groats, 9d. McGeegob, Tancred Street JgLACK, BEATTIE & COMPANY, Criterion House, 201, 203, 205, High street, CHRISTCHURCH, We have the pleasure to advise our Customers and the residents generally in the Ashburton District that we have now received vary large Shipments of NEWEST DRAPERY GOODS for the Present Season. The advantages which we possess in being able to buy in .he Best British Markets, and the .borough experience of car buyer, enables ns to supply all Goods under OUR CASH SYSTEM of business AT LOWEST PRICES.



|4/f USIC.—Mk J ‘I. .Brooks, teacher i\ I of Pianoforte, Organ, Violin, bing ing, etc. Pianos tuned. Terms on application. Williams Street, Ashburton. 5 26 rANTED 909 lovers of the Fine Art ß to see the new Premium Picturesi to bo given away to subscribers to the American publications. The Pictures are now on view at the Picture Frame Manu factory of Gates and f on, Burnett Street, opposite the “ Ashburton Mail” Office. Known—Hayes ami Co • * have bought the samples of an English Umbrella, manufacturer, at a large Discount. Also, a splendid lot of new Dress Materials, very cheap. Come and see them, at Hayes and Co.’s, Arcade. Known—The Gospel will W be preached every Lord’s D*y evening in the Aicade Chambers at 6.30 p.m. (d.v.) Free for all. No collection. r AN TED KNOWN—Long looked for come at last, T. Jdoult, having commenced bacon curing, he is able to supply a real good Pork Sausage at 6J per lb at the Factory, Moore st, Ashburton. Pigs cured in any quantity dried, smoked and delivered home at One Penny per lb. T. Houm. PRESENTS ! Presents ! We are now giving Presents to the valne of 4s in the £ to every purchaser of One Shilling and upwards on Drapery and Millinery, etc. For description of Presents see Window. Dressmaking on the premises. Perfect fit guaranteed.— H. O. Seqeks, Melford House. 5 22 5 697



We endeavour to give our Customers best value procurable, whatever Prices they may wish to purchase Goods at, and our Stock is so LARGE and well-assorted that the moat varied wants can be sup plied. We append a list of our Depart ments, in each of which an immense Variety of moat Novel and Fashionable Goods will be found DRESS DEPARTMENT HOSIERY DEPARTMENT MANTLE DEPARTMENT DRESSMAKING DEPARTMENT MILLINERY DEPARTMENT DRbSS DEPARTMENT HOSIERY DEPARTMENT MANTLE DERARTMBNT dressmaking”department MILLINERY DEPARTMENT CLOTHING DEPARTMENT UNDERCLOTHING DEPARTMENT TAILORING DEPARTMENT HOUOKHOLD FURNIHING DEPT. OliCKiAii Manufacture from various mils. Including BLANKETS, FLANNELS & TWEEDS OF ashblrton manufacture. Cash System and Cash Prices. BLACK, BEATTIE & CO. GENERAL DRAPERY WARE HOUSE, TAILORS,



Monthly advertiser, issued by Robert Elston, Theatrical Agent and Bill Poster ; terms—4o inch space 5a per month, centre spaces 10a ; for longer terms special arrangements can bo made ; advertisements should not bo later : than the 2Cth ef each month. 700 VySTANTED Known—Wortheim Sew- VV ing Machines can be had on Time Payments at the Now Zealand Clothing Factory’s Branch, East street, Ashburton. 2 27*; Special Advertisements. CANTERBURY MILLS, ASHBURTON. I WILL be a BUYER of UPWARDS OF 300,000 Bushels MILLING WHEAT THIS SEASON. Also some Large Lines of OATS AND OTHER PRODUCE. CORNSACKS, Fall Size and Weight, at 5s 6d per dozen. C. W. TURNER, 340 PerD. H. BROWN. TO the Ashburton Guards and Volun teers.—THE VOLUNTEER RED BOOK, containing the whole o the Exercises in Battalion Drill, Squac. rill. Bayonet Drill, Infantry Drill,'Etc, NOW IN. The above should be perused by all Volunteers and will be found useful to those intending to compete for Govern ment appointments. This book being difficult to procure all Intending purchasers had better apply at once to T, F. F A RL E Y.



School Committees will do well to con sider the many advantages to bo derived from purchasing their prize books from me, as I am now offering prize books at very reasonable prices, in fact, at Christ church prices, and no carriage to pay, whilst my stock consists of about 3,500 volumes. School requisites of every description kept in stock. Thomas F, Farley, Bookseller, Stationer, Printer, and Newsagent, Saunders’ Buildings, East street, Ashburton. i Branch Shop: Town Hail, Ashburton.



Special advertisements. |P| * '(*} ..T ~ F^ r S l CSI | i am F.?Tisfte™ \-k'4 l m f's« njliOWN IliON WORKS U AUMAOH street, Ohristchnrcb Portable Pannes



Burn Wood and Coal—ln Four Sizes. PAINTED CORRUGATED IRON IN w our, Five, Six and Seven Feet Lengths. 40 per cent. Cheaper than Galvanised Iron, 10 1988 Changed Hands! BRANCH SHOP, TOWN HALL, Ashburton. THE BOOK & STATIONERY Business lately carried on by Messrs H. J. Wood end Co, of Christchurch, has been purchased by mo, and at a price con siderably below original cost; this will give my many patrons an opportunity of ob taining a number of requisites at GREATLY REDUCED PRICES. STATIONERY. —Special care is given to all orders. Promptitude guaranteed. MANUFACTURE of ACCOUNT BOOKS Having made arrangements with a tirst clasa firm for the execution of ail Com missions as described above, clients may rely upon receiving PROMPT ATTENTION, first class work being made a specialty. LITERATURE, Any book not in stock will be procured without delay. Orders taken for all news papers British and Foreign included), Public Committees receiving liberal con cessions. . PRINTING. This branch is King fostered, and every attention paid to accuracy, neatness, and promptitude in the execution of all orders, all work receiving personal superintend ence.



DELIVERY OF NEWSPAPERS. Customers may rely upon receiving the) Morning and Evening Papers safely do livered at their doors, and not upon thi front lawn. The same romarK applies U Home Papers, Journals, and Periodicals also, purchasers may have their Parceli delivered promptly. Wholesale Links Always in Stock. Brown Paper, Grocer's Hags, Tea Papers. Twine, and Tradesmen’s general requisites. Bookbinding Orders Received. BOOKSELLER. STATIONER, PRINTER & NEWSAGENT, Saunders’ Buildings and Town Hall, Ashburton.



NEW ZEALAND CLOT II IN ( FACTORY. mHE NEW GOODS FOR THI J WINTER SEASON are NOW OPENED OUT. The Stock is THE LARGEST & REST SELECTS! IN THE TOWN, And tho variety of Stylo and Patterns it Men’s, Youths’, and. Boys’Clothing leaves nothing to be desired. Thousands of Men’s and Boys' Suits newest styles. Trousers and Treason and Vests manufactured of Now Zealand Tweeds. Every garment warranted shrunk Overcoats, Waterproof Coats and Leggings in groat variety Hats, comprising every new stylo worn Children’s Jersey Suits, Children's Men of-War Suits Gentlemen’s Hosiery, Scarves ; Oxford, Regatta and White Shirts Rugs, Portmanteaus, and Travelling Bags Tho celebrated WERT HEIM SEWING MACHINE. Time Payments. N.Z CLOTHING FACTORY, East Street.



Victorian Steam Carriage Works. F J. R. STEEL & SON WISH to Intimate to the Public of Ashburton and surrounding districts that, haring obtained STEAM POWER and other Machinery requisite for the carrying on their work efficiently, are now in a position to meet the demands of the public with a fir ‘-class article at prices to suit the times. Every C.jf'ption of Carriages and Traps made, Painted and Repaired. Spring Traps from £2O. Whitochapels from £25. Buggies from £3O. P.S.—Special attention paid to Repainting and Retrimmiug. VICTORIAN STEAM IRON WORKS AND general shoeing forge. while thanking the public for their past liberal support in thla department, beg to Intimate that, having procured firat-claas Machinery, they are now In a position to undertake all kinds of Engineering work. Special attention is given to Turning, Boring and the Repairing of all kinds of Machinery, Including Combines, Engines, Reaper and Binders, and every description of Agricultural Implements. ESTIMATES given for Contractors and Builders Ironwork. HORSES CAREFULLY HOD—Draughts, 7s ; Hacks, 6s. 8 415 Victoria House. SPECIAL ANNOUNCEMENT. "VTOW SHOWING, a Splendid Assortment of the famous “ LION ” brand Xl (Victorian) GOODS, in Men’s Plain and Fancy Tweed Suits, Trousers, Trousers and Vests, Waterproof and Overcoats, Cord Riding Pants, Printed and White Moles, Boy’s Knicker and Beaconstield Sac Suits, etc., etc. These Goods, amounting in value to over £4CO, are Manufacturers’ Samples, cut and finished in the most perfect style. Purchase 1 at a heavy Discount, and are offered at a slight advance upon MELBOURNE WHOLESALE PRICES. Our Stock of General Drapery, Boots, etc,, is unsurpassed for Value. DIMANT AND COE, DRAPERS, CLOTHIERS, & BOOT IMPORTERS. East and Tanoced Street*, Astytmrton.



L ON OF THE UNPARALLELED CHEAP SALE | Of Mfi ora Friodlander Bros’ stock of Drapery, Clot Mug, AND Boots AMOUNTING TO ABOUT £sooo ANDREW OB 11 having purchased the ...hove STOCK at a large reduction from Cost Price, is still giving it away at U nhcard-of prices, His groat object being to turn it into cash, normatter at gwhat sacrifice ANDREW ORR



[A Oahd.] R. M. Cntlibertson, BARRISTER AND SOLICITOR. Ikpices— H A YEL 00 K S.T RE E T (lately occupied by Mr Branson). 287 NOTICE. JT Is requested that all ACCOUNTS owing “ The Ashburton Guardian Company, Limited,” up to 30th April, be Paid at once to Mil B. UuuiiES, whose receipt alone will be a satticiont discharge. CHAS. W. PURNELL, m 11 Chairman.