DAILY MEMORANDA.

MEETINGS, AMUSEMENTS EiO Wednesday, Avgusl 11 Town Hall—Entertainment at 8 o’clock Monday, August 23 Borough Council, at Boren 'fa Council Chambers at 7.30 Friday, September 3 Ashburton County Council—At Council Chambers, 11 a- m.

RAILWAY TIME TABLE.

Trades Arrive at Ashburton— From Christ church and the North, at 10.15 a.m, (express), 4.35 p.m., and 7.10 p.m. From Timaru, 10.15 a.m. From Dunedin and South, 5.27 p.m. (express). From Mount Somers, 10.5 a.m Trains Leave Ashburton —For Christ ehnroh and North, at 7.10 a.m., 10.55_ a.m., and 5.87 p.m. (express). For Dunedin and South, 10.25 a.m. (express). For Timaru, •45 p.m. For Mount Somers, 5.6 p.m.

THE ASHBURTON GUARDIAN.

From ana after the 30th Jane, 1886, the terms of Subscription to this journal will be M follows, viz.:— IT PAID IN ADVANCE '. Per Quarter.. 6s 6d, by post, 9a 6d „ Half-year 12b 6d, by post, 18a 6d „ Year .. 2ds Od by post, 87s Od 17 BOOKED : Per Quarter.. 7s 6d, by post, 10a 9d „ Half-year 15s Od, by, post, 21b 6d „ Year .. SOs Od, by post, 43a Od N. B. The above in so fas as kegabds sub- Cbiptions taid in advance will not affeot old ••obscribers, with whom pbeviodbli existing ARRANGEMENTS WILL BE MAINTAINED. Birth, Marriage, and Death Notices, if paid fo the time of insertion, 2s 6d eaoh (atam may be sent as payment); if booked, PRESENT SUBSCRIBERS MAY RENEW THEIR SUBSCRIPTIONS AT THE OLD RATES. Announcements of Births, Deaths and Marriages sent for publication from the country I require to be verified by the signa of the person sending the notice.

MAIL NOTICES.

IWdln close at the Ashburton Post Office follows: — For Christchurch and North at 6 a.m 0.30 am., and 5 p.m., daily. For Ohertsey Rakaia, &c., at 10.30 am and 5 p.m. daily. For Dunedin, Tinwald, Winslow, Hinds, Coldstream, Rangitata, Orari, Winchester, %nd Geraldine, at 10 am. daily. For Temuka, at 10 am. and 4.30 p.m for Timaru and South, at 10 am., and 4.30 p.m., daily. For Greenstreet, on Wednesdays ana turdays, at 10.45 am. For Wakanui, Elgin, Seaview, Seafield, nd Kyle, on Tuesdays, Thursdays, and »turdays, at 6.30 am. For Mount Somers, daily at 4.30 p.m For Mayfield and Ruapuna, on Mon days and Thursdays, at 4.30 p.m. For Ashton, Watorton and Longbeach, 4.30 p.m. daily. | For Flemington, on Mondays, Wednes days, and Fridays, at 4.30 p. m. For Newlands, on Tuesdays and Frl at 10.30 am. •vr.n« arrive at thej Ashburton Post Office— From Christchurch and Rakaia at 10.16 '.m., 4.35 p.m,, and 7.20 p.m. From Ohertsey* &o. at 10.15 s< and ,35 p.m. daily. From Dunedin and intermediate places 8.39 daily. aFroui Temuka and Timaru at 10.40 a,m p 5.30 p.m daily. From Greenatreat, Wednesdays and Saturdays, at 10 from Mount Somers, dally at 10.5 • A.m. From Mayfield and Ruapuna, on Wed oesdays and Saturdays, at 10.5 a.m. From Ashton, Waterton, and Long each at 10 a.m. daily. From Newlands, on Tuesdays and Fr! ays, at 2.30 p.m. From Flemington on Tuesdays, Thurs ays, and Saturdays, at 10a.m. THE EDUCATION BOARD OF THE DISTRICT OF NORTH CANTER BURY. • ELECTION OF COMMITTEE, AS Five members of the School Committee of the Binds District have resigned their seats, the Board, in pursuance of the power conferred by the Education Act, 1877, Amendment Act, 1883, hereby directs that a Public Meet ing of the Householders of the said district te held on TUESDAY, the tenth day of August, 1886, at seven o’clock in the evening, for the election of FIVE Members to serve on the Committee for the year ending with the fourth Monday In April, 1887. The place of meeting «Vll be the Schoolhouse. J. V. COLBORNE-VEEL, SccrdtsfP' i Christchurch, £2ad July, 1886. *7357

TO CORRESPONDENTS.

A..B.—Many thanks. To-morrow. G. Gilmour—Your letter will appear to g morrow,

The Ashburton Guardian. Magna est Veritas et Prevalebit. THURSDAY, AUGUST 12, 1886. Public Advances on Land.

This evening we publish the last of three speeches—by Messrs Walker, Steward and Ivess —selected from the debate upon the motion for the second reading of the Public Advances on Land Bill. The speeches, perhaps, are three of the best delivered in support of Mr Macandrew’s magnum opus , and they will, undoubtedly, carry a great deal of weight in this particular dis trict where the speakers are all known as shrewd business men without any predilection for impracticable fads. But our local representatives have taken an entirely new departure ; they have loudly and sincerely joined in the cry for “ cheap money,” and by some extraordinary hallucination appear to see a possible realisation of their aspirations in the measure introduced by Mr Macandrew. Mr Macandrew has candidly admitted that his peculiar idiosyncrasy prompts him to think that what is ABC to himself must be A B C to everybody else, and in moving the second reading of the Bill he did little more than ask the House to throw all theorists and theories to the winds and consider the question in the light of common-sense and of first principles. This is all very plausible in the abstract, but we cannot lose sight of the fact that theories in connection with monetary and com mercial affairs are built up on centuries of dearly bought experience, and it is impossible to remove or very much modify the hard and fast lines by which j these affairs are governed. Our repre sentatives made a very earnest appeal on behalf of the agriculturists of the colon}'; they were far less illogical than their leader in this matter, but they seem to have lost sight of this fact : It is not the people who have no mort gages, or only small mortgages, on their land, but it is the people who have already borrowed on their land far beyond 50 per cent of its value, who ask for relief, and the Bill introduced by Mr Macandrew would give them no relief whatever. The member for Port Chalmers, while setting aside certain generally accepted theories, has taken up others of a far mote ethereal nature. He contends, with 1 ' a great deal of enthusiasm and a great deal of persistency, that the high rate of in terest is mainly responsible for the crippled condition of our agricultural and pastoral industries, but we deny that it is the only or even the principal cause of the present depression. In this connection we cannot do better than quote from the speech of Mr M. J. S. Mackenzie, the member for Mount Ida, who claims to be one of the few farmers in the House. He said, “The honorable member for Wakanui said .that only a few men in this House understood agricultural and pastoral pursuits. I presume lam one, for I I have been engaged all my life in them

Will an v one pretend to say that the high rate of interest is the cause, or even the .great or main cause, of the present unfortunate a nd depressed condition of these industries? The assumption is perfectly ridiculous. The very facilities that farmers have had for borrowing money in the past have been a more potent cause ot miscnief to them than the high nt ; of interest; and this Bill proposes increased tacili ties for borrowing. Then again, is nothing to be said for the high price j of land? We have for years past, from | 1873 to 1880, been passing through a 1 tremendous period of inflation, in which land was selling not only at double, but at treble, its true i'» *

value. I maintain that that is a | more potent courre of disaster than I the rate of interest. Then, I suppose there is also something to be put down ] for the fall in the price of produce, t That is a factor in the unfortunate ' position in which the industry is now. The honorable gentleman said that was < a thing we could not mend. That is true ; but in connection with it ws can ; use a greater economy when produce is I low than when it is high. All these things help to pull down the industry and t? keep it in a depressed condi tion ; and it is mere hypocrisy—l am 1

applying the term generally, and not to the honorable member—for us to over look all these main causes, and to fasten on. this rate of interest, which if altered at the expense of the rest of the com munity it is said might put everything ; right.” It is not often we are able to < agree with the opinions expressed by * Mr Mackenzie; but in this case, we admit, he has taken Mr Macandrew at his word and discussed this question with considerable common sense and no little acumen. We trust that during the recess the farmers will give their • representatives' clearly to understand that fcthe relief proposed by Mr Mac andrew would be no relief at all, and g that the agricultural community will not be satisfied with merely sentimental and impracticable legislation.

The Interprovinoial football match, Auck land v Wellington, played at Auckland yester. day resulted in a victory for the former by I four points to two. The next English and European mail, rin San Francisco, will close at the Ashburton Post Oflico on Saturday, August 14, at 10 p.m. The portion of Mr A. Orr’s drapery stock remaining unsold will be submitted to auction at the Arcade by Mr T. Bullock on Saturday. A meeting of the South Eakaia Library Committee was held in the Library on Tues day evening. Present—Messrs Hardy (Chair man), Reycraft, Oxley, Makeig, Broadbent, and Blackburn. Twenty-nine new volumes recommended by the sub-committee were ordered to be purchased. It was resolved to forward an order Home for £l2 worth of books, as per selected list. A sub-committee was appointed to arrange for an entertain ment in aid of the funds. Accounts were passed for payment, and the meeting ad journed. A special general meeting of subscribers was then held; Mr Hardy pre sided. The attendance was very small. The amendments in the bylaws recommended by the Committee were approved of with a few alterations and additions. The meeting adjourned after passing a vote of thanks to Mr Blackburn for his services in making a copy of the bylaws. As the the Botomahana was leaving Auck land fop Sydney last evening one of the horses attached to a cab standing alongside swerved, the horses and cab falling over the wharf, the cab being jammed between the wharf and the steamer. Mrs Atwell, who was inside the cab, fell into the sea, as also did Monzios, : the cabman. Although the traces were out one of the horses was drowned. W. Smith, one of the stewards of the Botoma hana, jumped overhand rescued the woman, who was lucked by the struggling horse in the Water, but not seriously. The cabman was assisted out safely.

The Otago Dock Trust have passed a resolution to at once float a loan and send an agent to England to obtain information and purchase material [and plant. The members appeared to think that if not proceeded with the dock would eventually be made in Dunedin. There was only a small attendance at the Town Hall last night to witness the enter tainment provided by Mr F. B. Brine. The first part of the programme comprised vocal and instrumental music, of which the items rendered by Mrs Moss, Misses Moss, Messrs Stephenson, Matheson, and Porter were the most noticeable. After the usual interval Mr Brine displayed his feats of legerdemain many of which were very cleverly executed. Mr Brine’s rrpcrtolre is very similar to those of the various professionals who have visited Ashburton, and without anyjattempt at dis play he his able to; provide a really pleasant evening’s amusement.

Mr W. Roberts, of Ashburton, has secured the contract ..for the constructionjof the Opihi bridge.

On Wednesday next, the occasion of the Ashburton Hunt Club Steeplechases, Saturday return tickets available for return up to the following day, will be issued to Ashburton from Christchurch, Timaru, and intermediate stations.

During the last few days a number of special trains have passed through Ashbur ton conveying frozen meat from the South Canterbury Refrigerating Works to the s.s. lonic at Lyttelton. Altogether about 11,000 carcases will be shipped in the lonic from the Timaru Freezing Works. The last part of the shipment will pass through Ashburton to-night.

The ways of the Press' Association Agenoy

are past human comprehension. Yesterday many of our readers were disappointed to find that the Christchurch agent of the Associa tion had sent us notaooount of the Hunt Club Steeplechases. We were equally disappointed, and complained to headquarters. This after noon we received, as some solace, the follow ing telegram from the Bluff agent of the Association:—“ Maori, s.s., Conway, left Greymouth 7 p.m. on Cth. Experienced fine weather until breasting West Cape at 8 a m. on 11th. From thence to arrival at 9.30 p.m. last night experienced thick rainy weather. She brings 150 tons of coal for Invercargill Corporation, and will sail this afternoon for Greymouth, via East Coast.” Now, the Maori has made this voyage about three

times each month for the last five or six years, and on almost innumerable occasions has experienced “ fine weather until breasting the West Cape,” but hitherto it has not been considered necessary to herald throughout the colony the movements of this insignificant collier. Possibly this is the first shipment of coal secured by the Invercargill Cor poration, the commencement of the reckless dissipation of the new municipal loan, but we confess to a total absence of interest in the wild investments of our southern friends, and in future can only publish the movements of the Maori in our advertising columns.

Druid anniversary August 25tb. Dramatic entertainment —Race for a Widow.—(Advt.)

THE RIOTS IN BELFAST.

Fresh Disturbances. [REUTER'S TBX.EGRAMS —COPYRIGHT.] London, August 11. At the funeral of one of the victims of the Belfast riots, a disturbance occurred which necessitated the inter vention of the police, who arrested twelve persons, and subsequently dis persed the gathering. The town itself otherwise is in a quieter state.

PUBLIC ADVANCES ON LAND.

The following the Hansard report of Mr Ivesa’s speech upon the motion for the second reading of the Public Ad vances on Land Bill ;

Mr Ivess.—l recognise In this measure some Items of importance, and I had hoped that the Premier would treat it in a different way fr mi what he has done. The able speech he has delivered adverse to the Bill will no doubt carry great weight in|minds'of membe a; but I think the the honorable member for Port Chalmers

is entitled to the thanka of thia House, f n and to the thanks of the large bulk of b the agricultural and pastoral classes in 1 New Zealand. That honorable gentleman g was ridiculed ten years ago when he first g proposed the direct steam service. His t proposal- was laughed at by the Press, by , the people, and by their representatives In this House. Notwithstanding that, he persevered In his advocacy of the Intro duction of that service, • until at last ] his efforts were crowned with success, j and we have now ample evidence of the : good that service is securing to this , colony. I venture, Sir, now to predict that, If the honorable gentleman will persevere in his advocacy of th's reform, not many years will elapse before the I members of this House will think differ ently, and before the electors of the colony will compel their representatives to give effect to this reform which ho has so ably advocated this evening. Ido not quite agree with the honorable gentleman when he said that we had a right to think for ourselves in this direction, because I know that In this House we are rather shy of innovi.tiocs; but wo have the experience of other countries to guide and direct us in favor of this particular measure. I need only instance England, Massachusetts, Prussia, and the Swiss Cantons, where a similar measure to this has worked vcy successfully for a number of years. Before I conclude I will treat the different systems in use in those countries, and show that what is proposed is no innovation, but that it has worked successfully for nearly half a cen tury in many of those places ; and I say the time is ripe for the agriculturists of New Zealand to demand it here. I say it is a proper function of the State to under take. I hold that it is quite as proper a • function of the State to undertake and i control as for the State to take risks on the ) lives of individuals, or to construct rail [ ways to carry goods, or telegraphs ; and [ that It is likely to be equally advantage ous What is proposed is to serve the interest of something like two-thirds of the population of New Zealand, who are ! mainly employed in or dependent on farming pursuits. I «ay there are only a t few members In this House who properly . understand the interests of the agricul turists or pastoral holders, but the time <s j coming when the country will demand of - their representatives to seriously face this 1 matter. In the past farmers have shown i too much apathy towards their interests, o but they are now awakening ; and the for a matldn of societies such as the one recently instituted, called ( ‘ The New Zealand Farmers’ Alliance,” is a plain indication ‘ that the time is not far distant when a e measure of this kind will be demanded e by those engaged in agricultural and pas e toral pursuits. What dees- New Zealand e owe to its agricultural and pastoral in -0 tereata ? I say we owe the inauguration of the direct steam service to those 0 particular Indus riea, and if it were not for 6 them we should not have a flourishing I- report of the New Z aland Shipping Corn pany laid before its shareholders this year i, Ido not allude to its success in a financial q sense, but to the fact that that company baa carried an extraordinary quantity of freight to the Old Country from this. I may be permitted briefly to read a few a figures to show the great strides that ] agriculture has made, and the necessity that exists for fostering that industry. _ For the year ending the Slat October, 1885, the Company have carried 439,554 3 carcases of mutton, 12,033 quarters of a beef, 237,806 bales of wool and skins. 245,295 sacks of flour and wheat, 29.6C9 0 sacks of barley and oats, 18 870 packages of tallow, 14,486 tons of sundries ; and during that period the Company have 3 despatched twenty-five steamers and 1 eighty sailing vessels from New Zea i land ports to England. I think that s is a convincing proof of the great strides 3 agriculture has made in this country, and r it should show the necessity for attention to its interests and demands But one f can scarcely expect that this industry will r continue to prosper while the present high f rate of interest prevails. It was only the 1 other day I noticed in the report of the . Now Zealand Trust and Agency Comnany t that for the 'ast twelve time when the agricultural aud pastoral pursuits have been most depressed—the 1 company is able to declare a dividend of i not less than 20 per cent. That has conic out of the pockets of the agricul ( turists of Now Zealand—it has not tended to increase our wealth in any way, but was simply transferred from the pockets

1 of, one class to the pockets of another ; i while, o» the other hand, the industries i I Lave alluded to take from the storehouses of Nature, and do enor mously increase the wealth of this country. Therefore I hold that ifc|js obvious that we should do all we can in the way of lessening the ruts of interest in favor of the bene and sinew of this colony.. It is evident that the real interests of the farmers cannot be pro moted without the community es a whole being benefited. When that industry is prosperous the colony is prosperous, and tor me ay years to come the colony as a

whole will have to depend for the increase of its wealth on its agriculturists—on the tilling of the soil, the rearing of cattle, and the growing of wool. On that Its material prosperity will depend and any thing that wid favor that will a ; d the material progress of the colony. You cannot affurd to allow these interests to be stagnant, or the effects will be very serious No enterprising man of energy

will remain here if that depression exists, bat trill quickly leave our shores. We need only cile the departure of the " Triumph " the other day, which carried arway f.om our chores some of the beat colonists we have had the good forfuno to

introduce, to prove this j and I think it is a mistake t> throw obstructions in the way of that particular enterprise. J.t was said that this ia an innovation, and that we have no authority to support the introduction of it into New Zealand, I say we have authority. It will be re=- j mombored that in England, in the year 1870, a Bill wei passed to enable a Land Commission then constituted to advance sums of money to Irish tenants to pur chase farms from their landlords, to the imount of twc-thirds. I will jast read he clause, to show that the machinery is it hand if ilia Preoi'er chooses to Incor >ora*e it ip the Bill. We have omple ividence before us to make the Bill work ble, inasmach as it has worked satisfac-1 1 torily in England for the last sixteen I j years, The clause to which I refer reads |

as follows i “ 44. The Board, if they are satisfied with the security, may advance to any tenant, for the purpose of purchas? iog bis holding in pursuance of this Aet, any sum not exceeding two-thirds of the price ot such holding ; and upon an order being made by the Civil Bill Court to that effect, and upon such advance being made by the Board, such holding shall be deemed to be charged wifh an anna'ty of five pounds for every hundred pounds ojl such advance, and so on in proportion for any less sum, such annuity to be limited iu favor of the Board, and to be declared to be repayable in the term of thirty-five

years.” There are a number of machinery clausos in the English Act which might be made suitable to New Zealand If the

' Government were desirous of giving r ff;ct to the Bill. She Premier says it ia not the intention of the honorable gentleman who introduced the Bill to proceed farther with it than the second reading. I hold that, if the House affirms the principle of the measure by a considerable majority, it will bo the bounden duty of the G.vern memt to give effjct to the expressed wishes of the House. I hold that dis cussions, of this kicd are unprofit able unless they are followed by some practical result. The Government is ap pointed to carry out the will of this House and of the people, and therefore a private member is placed in great difficulty in Introducing a reform of this nature un less the Government support it Bot, Sir, we have the power in our own hands, and if we cannot command the Govern merit, or if they refuse to carry out our wishes, it is our .duty to remove them and place men there who will act for the interest of the colony. It is perhaps unwise to prolong a disouseion of this kind ; but it is a matter which affects an Industry of this colony ao seriously that I may be pardoned if I prolong my re marks to a greater length than honor able members might have expected. It struck me, when the honorable member for Waimea rose to support the Bill, that we might very well have applied to him the old familiar saying, "Save me from my friends." Sir, such support as lis is not required. We should approach the subject with all seriousness, because there are, unfortunately, too many agri culturists In this colony who, during the last two or three years, have been de prived of their bomea by the weight of the burdens which have been placed upon them. Therefore thia is a matter which should not be approached in a. spirit of ridicule, as the honorable member for Waimea approachei it. The amount of exports which this colony is annually sending out is rather extra ordinary, and if I point out some few I fai ts with regard to them it will convince this H(U'e and the country of th© I necessity for fostering tho agricultural welfare of the country In every way. In 1884 our exports of" wheat foil off bv 1,346,656 bushels, and of oats 343,369 buahels. That is a very serious matter, and it is due mainly to the rate of interest Had interest been at a lower rate, I am quire .enre the farmer* wonld have been encouraged to caltivate larger areas. Allueion has been made to the fact that the rate of interest in England is 2A p r cert, and yet the Premier says "that the Bill would not reduce the rate of intsrest now payable in the colony by more than i otl per cent. Ido not think that statement cm he borne out by fact', for, if the Govern ment appointed a Board to administer the fnnd, I think they could got the money in England at 3 per cent at all events, end then they could lend It ont to the farmers a"; 4 or 5 per cent; so thit there would be a profit to the Board, and it would enable the farmers to carry on their work. The wool industry is also a very important one. The value of exports of wool in 1885 was £3,206.360, »nd the previous year it had been £3 267,527, showing that there was a slight falling-off. Thsre are many other causes which cripple the agricultural- industry besides the high rate of Interest, and I did hope that the honorable member for Port Chalmers would |have p'oposed the appointment rf a Board which should hive some voice in regulating tho railway freights. I know that the high ra es of fi eight have as much to do with the depression among tho farmers a? any other cause. I thiok our railways should be worked \»irh a v ew of assisting that industry more than with a view of their being a taxing-machine. • I nead only point to the cheap rates in India have done in the way of promoting agri culture. There the rates are placed at the lowest possible amount, and the industrial products of the country are carried to the diff l »reri t , ports and centres at a minimum charge. The consequence is that the cultivation of these particular products is a profitable source of income. In 18f 5 the H u*e of Commons passed an Act to enable the Land Com mission to advance a farther sum of fire millions sterling in favor of Irish tenants, to enable them to purchase farms. There is legisla'ion which should gnide us. Then, again, there baa been established in England a Public Works Commission, to which, during its existence, fifty millions has been advanced by the English Govern ment for various purposes, among which are Harbor Boards' harbor works, canal companies, dwelling associations to ertct workmen's cottages, bodies to erect agri cultural laborers' dwellings, and so fortb. To these bodies men'y is advanced by that Commission. The Public Works Loans Commirslon report for 1882-83 shows that 7l'l advances were made during that year, amounting to gether to £1,773,385. Of that amount, £IOO,OOO was advanced to the Corporation of Birmingham for the erection of artisans' and laborers' dwellings, repayable in twenty years, at 3£ per cent. £114.500 was advanced for dwellings for laboring classes as follows : £IO,OOO to the Improved Industrial Dwellings Company for thirty years, at 4 per cent; £4,500 to the Glamorganshire Workman's Cottage Company for forty years, at 4 per cent ; and £IOO,OOO to the Peabody Trustees for the erection of dwellings upon freehold land, for fifteen years, at 3& per cent. The Commissioners' report further shows that not less than £SO 511,425 has been advanced by them eince their appointment by tha English Government. Therefore I think the argnment advarced by the Premier—that the State should not undertake the ad vancing ■of money—must fall to the ground. Whfn we find a great country like England coming forward and assist ing the humble, struggling agriculturists by making small advances of from £SO upwards to them, New Zealand should not be afraid of such an example. I have no patience with a reformer who has gained sjich distinction in this ountry as the Premier, who pimes forward with such slighting remarks agai st a scheme of this nature, which has been advocated in so | serious a tone in favour of the unfortu nate agriculturists. I had hoped that the remarks of the Premier would be of a different character. If he represented an agricultural district and had seen the struggles and sufferings of the settlers, Instead of representing a constituency whioh is floating in wealth, he would have treated the House to a very different dissertation this evening. I have seen the condition of things in Canterbury for the last five years, and I say that the greatest sympathy la due to the agricul turists who hare done so much to colonise that part of the country, who are now sufferinsj'fromlsuch great depression, and who, deserve grea'er sympathy from this House than that which has been extended to them in the contemptuous remarks that have been made this evening. There Is another experience with which I shall trouble the House before I sit down. In Prussia there was an eminent statesman named Stein, whose name ia familiar to every member of the House. Immediately after the dark days in that country he came forward with agrarian reform, and made a proposal, was favorably considered by the King and Council j but

many years passed before effect waa given to it, and it waa only in 1807 that the memorable edict came into operation. He wis shortly afterwards exiled by Napoleon, and it was only when other agrarian reformers came forward and fol lowed him that any substantial relief was

given, la 1860 Prussia passed an Act by which rent-charges were made com palsorily redeemable either by Immediate

payment of a capital sum equal to eighteen years’ purchase or by a payment of 4-i per cent for fifty-six years, or 5 per cent for forty-one years, on a capital amounting

to twenty years’ purchase tf the rent* charge. The Prussian statesmen did not atop there. They resolved to estal lish ft land bank. Banks were established in each of tie provinces, and they were managed by a manager and the necessary staff, appointed by the Government and under Government supervision. The bank advanced money on debentures representing twenty years’ purchase of the annual rent-charge, bearing 4 per cent interest, p>yabla half-yearly. The peasant, along with the rates and taxes, paid over to the bank onetwelfih of the amonnt, calculated at 5 or 4 per cent upon the annual rent, according as he elected to free hie lend whether in forty or fifty six years j and daring the fifteen years after the introduction of the land bank no less ’a sum than £2,000,000 was paid off. And the debentures were issued during tbat period to an amount of some thing like twelve millions, of which nearly one e : xUi had been liquidated within the period I name : and in 1865 the banka were receiving nearly three quarters of a m ! ’lion od account of rent, or there was nearly one-fouith paid to free rent-charges redeemable in «ix j months. To show the Premier that | this is no noveHy in other countries, it will be remembered tbat, at the request of the honorable member for Port Chalmers, the Premier wrote to the Agent-General for information concerning the working of the land-mortgage banks in the Swiss Cant >ns. I shall n>t attempt to weary tha Hcusa by reading the documents, hot there is one short letter written by an official empl yed in a land mot.gage bank which, 1 think, will convey the whole meaning of the system to this House, give honorable members an idea as to how successfully that measure has worked for tfce last forty years past in the virions Cantons. The extract is j as follows : | “ Extract from a Letter from an Official in the Berne Land mortgage Bank. “ Giisse Mypothecaire.

“We grant loans on mortgage—on lands for about two-thirds of estimated ground tax value ; on bouses, for about half of the fire-insurance amount on tu'lHoga. The borrowers have to pay 4£ per cent interest at present per annum on the amount of the loan, besides | per cent t S the loan every yesr—in al, 5 per cent per annum. When applying for a loan, a description of the object of mortgage by a notary has to be handed in, which is then thorough y examined, if ratified by the ‘ Greffier da Tribunal’ of the respective locality. When everything is found in order, then the loan is granted by onr directors, who meet once a week to discuss business on hand. Ours i», I believe, the only mort gage bans in Switzerland with State guarantee, the others being alt private concerns. We cannot Icso anything, as the commune wherein tbe object of mortgage is situated bes to take over the debt should any born war bo unable to continue p ym nt •To obtain cash to pay the loans, besides the subsidy from the Cantonal Government, we issue bonds for deposits at present at the rate of 3f per cent for six months certain, anu savings-bank books at S£ per cent, tba former with yearly coupons. For tba last few years we have always bad too much money fliwing in.” Now, that is tbe latest report from the papers which the Premier Instructed the Agent-General to forward to this colbny. In Massachusetts the Treasurer is em - pcw.;red by st tute to make advances on mtrtgage secured to the Ccmmonwealth It will thus be seen that I have now quoted no fewer than four countries where tbe State makes advances to companies and individuals. I do expect, and the honorable member for Fort Chalmers ex pected, some ridicule to be paaced on ns for speaking in favor of this reform ; but I care net how much ridicule is cast npon me becau e- I advocate reforms of this nature. But theques'ion will have to be considered. We onnot afford to wait. There is a genera! election cl se at hand, and the feeling is so strong smong the farmers of tbis country that t-je repre reatatives of the people will insist before long that the Government shall give at least a trial to a measure which is so successfully worked in tbe four countries I have this evecing cited ; and I do hope that this Bill will be read the second time, that the Government daring the recess will give the matter their earnest and close consideration, and that the result will be that in a short time we shall have the pleasure of placing an Act of this kind on th<* Statute Book of New Zealand,

ASHBURTON LIVE STOCK MARKET.

«, . Messrs Mat son, Cox, and Co. report upon the live stock market for the Ashburtoa District, for the week ending August 10 f as follows:—Qn Tuesday, at the Ashburtoq Yards, we held our usual weekly sale'of sheep, cattle, and pigs. The entry for the day wii a small one, especially in fat sheep, two pens only coming forward, and these were of very medium quality. In stores, there were two or three lines of crossbred and merino ewes and one line of very good three-quarter fared eve' in lamb, which realised 8s 6d; crossbred lambs were poorly represented, and, owing to tp.e very wet weather of the last week, looked in miserable condition. The attendance throughout the sale was poor and bidding very slack. In fat cattle none came forward, and in stores only a few springers, and cows in profit. The prices realised were;— For crossbred ewes in lamb, ss, 6s, to 8s 6d; mixed crossbred ewes and wethers, 4s; cross bred lambs, in poor condition, 4s. In Cattle —Springers, £2 17s 6d, £3 17s 6d, £5 2s 6d» £6 ss, and £7; eighteen-months heifers, 183,

POLITICAL NEWS.

[FROM OCR OWN CORRESPONDENT J Wellington, Augaet 11. In the House this afternoon' the amend* ments of the Legislative Council io the Hospitals and Charitable Institutions Bill were agreed to. The Representation Bill was read a second time, and its committal made an order for to morrow on a division, ayes 38, noes 28- It will, it is understood, be strenu ously "opposed in its remaining stages, and it is quite pn the cards that this may result in prolonging the session hy a week. ; " The Houws then went into Committee on the District Railway (Waimea Plains) Bill, Rabbit Bill, Property Assessment Bill, and Settled Land Bill. It is said that on the District Railway Bill being reported the Government witl move its re-committal with a view to altering the amount to be paid in cash from £27,00Q tp £33,000. This will be sure to provoke an angry discussion, and there will almost cer tainly bp a'late sitting. ■-....

SPORTING

* —— ASHBURTON COUNTY HUNT CLUB STEEPLECHASES. The following handicaps have been de clared for the Hunt Club Steeplechases :

THE ASHBURTON GUARDIAN, THURSDAY, AUGUST 12, 1886



Hurdle Race. st lb ) st lb Temuka .. 12 12 1 Cissie .. 9 10 Captain .. 11 0 1 Marmion .. 9 10 Pickwick .. 11 0 J Nap .. ..9 7 Larry.. • • 10 12 Teazer ..9 7 Charlie .. 10 7 Strop ..9 0 Wrangler .. 10 5j Hunt Cup. st lb st lb Victor ..12 ? Bajah,. .. fo I Aroha ..12 7 Daddy Lonk- liinwood .. 11 13 legs .. 10 4 Coryphee .. 10 10 Picton .. 10 4 Captain ..10 9 Pickwick .. 10 4 Ben N. .. 10 8 Larry .. 10 3 Rugby .. 10 6 Rufford Hunters' Flax Race. .. 10 3 ct lb Bt lb Aroha ., i'a 7 Sawdust .. U 7 «- Temuka ..13 1 Charlie .. 11 0 Coryphee .. 12 0 Malvino .. 10 3 Rugby .. 11 11 Teazer •• 10 0 \ Panic ., U 7 Nero,, ttio t



Wanted. WANTED feed for 800 sheep for a few weeks —Apply by letter fo ( H, Guardian offu•, 8 435 WANTED, Purchasers for the 111ns trated Mail Edition of the Can i tkbbubt Times Views in the Pacißc Islands, New Hebrides, etc , etc. Sold , by all Booksellers and News Agents , Price Sixpence. 8 445 TItT’ANTED, News Agents to Invito th^ 1 ' * public to send Home this week ’a . issue of the Canterbury Times. Illus trations and Map of the Islands In the j Southern Seas. Price Sixpence. 8 436 WANTED A thoroughly reliable Ploughman, to work the only team I of horses on the Alford Station. Apply Messrs Mitcuielb and Tdbnr’v or to FJ i Herring 8 436 1 ITT ANTED CASH.—White Sugar, 24d; VV White Crystal, 3d ; Sperm Candles, * sd; Lingfisfa, 4d ; best Lobsters, 6d ; , Plaid Vestas, 5d per doz. ; Tea, Is porlbj Sago, 2£d; Tapioca, 2|d; Cntting Salmon, 1 8d ; Venus Noilrod, 5a 6d ; Groats, 9d. J. McGregor, Tancred Street WANTED Known—Hayes and Co. will commence their Great Gift Sale To-morrow (Saturday). The greatest ® sensation of the day. Look out for the [lucky glass jar of peas in their window 1 next the Arcade. b TXT ANTED Known'-That Gates and VV Son, Burnett Street, are prepared to execu ! e orders for all kinds of Household Repairs, Household Requisites, Picture i Frames, cheap Bookbinding. Venetian and other blinds at the lowest possible 5 cost. 5 22 , \TTANTED KNOWN—Long looked * VV for come at last. T. H»ult, having commenced bacon caring, he is ' able to supply a real good Pork Sausage at 6d per lb at the Factory, Moore sfc, Ashburton. Pigs cured In any quantity dried, smoked and delivered home at s One Penny per lb. T. Rodlt. 7 9 17 r OTANTED KNOWN—Where can the S yV most Drapery bo bought for your - money?—At H C Segers, Melford House. Two shillings worth of handsome presents given for every 10s spent. Fresh presents in. See window. Ladies’ own dress materials made up ; style and 1 fit guaranteed. t



Special Advertisements. TOWLE’S PSNNYP.OY *L AN] STEEL PILLS FOR FEMALE jtrickly correct all irregularities, an relievo the distressing symptoms so prt palent with the sex. Boxes IsHd and 1 Id, of all Chemists and Patent Medicin Vendors. Prepared only by The Lincol; md Midland Counties Drug Co., Lincolt England. Wholesale of all the Wholesal Souses. Beware of Imitations. 3ENTBAL HOTEL T W. MoRAE having taken the abovt / , Hotel, solicits a share of patronagt rom the people of Ashbnrton and snr ounding districts. Beat Brands of Wine’i plrits and Beers. Good Stabling—Feeds, One Shilling. Horses and Buggies to let on hire ai rices to meet the times. For the convenience of travellers anaom cab will meet all trains. Drees Trees Trees IHE undersigned has FOR SALE all kinds of FRUIT AND FOREST TREES, inns Insignia, Austriaca, Maritime, and. acrocsrpa, by tens of thonsands; other nds in proportion. All kinds of cabbage plants, etc, on sale. All orders by post or otherwise shall seive my best attention. N.B.—Gentlemen’s Gardens tastefully L d out. All kinds of planting done by □tract. JAMES PORTER, 'LIFTON NURSERY, 75 Allenton, Ashbnrton. CANTERBURY MILLS. ASHBURTON. WILL be a BUYER of UPWARDS OF 800,000 Bushels MILLING "WHEAT THIS SEASON. Also some Large Lines of OATS AND OTHER PRODUCE. COBNSACKS, .1 Size and Weight, at 5a 6d per dozen. O, W. TURNER. H. BROWN E HAVE FOR SALE PRIME SEED WHEAT, OATP, and BARLEY ime of the above lots have been m in the Timara district. ( PIG FEED FOB BALE 1 In any quantity. \ Just Landed — C All kinds of CLOVER SEEDS, choice j quality. RYEGRASS and COCKSFOOT for q Sale. FBI E DLANS>ER BROS;



■JgLAOK, BEATTIE & COMPANY, Criterion House, 201, 203, 205, High street, CHRISTCHURCH. We have the pleasure to advise our Customers and the residents generally |o the Ashburton District that we have OW received very large Shipments NEWEST DRAPERY GOODS the Present Season. The advantages irhlch we pca’eas in being able to buy in .he Best British Markets, and the thorough experience of rur bnyer, enables ns to supply all Goods under OUR CASH SYSTEM of business AT LOWEST P S I 0 E We endeavour .trglve our Customers best value proour b l e , whatever Prices • bey may wish to purchase Goods at, and oar Stock >s so LARGE AND WELL-ASSORTED that the most varied wants can be sup plied. We append a list of our Depart ments, fn each of which an immense Variety of most Novel and Fashionable will be found DRESS DEPARTMENT HOSIERY DEPARTMENT MANTLE DEPARTMENT [DRESSMAKING DEPARTMENT MILLINERY DEPARTMENT DReSS DEPARTMENT HOSIERY DEPARTMENT MANTLE DEPARTMENT DRKSSM AXIN MILLINERY DEPARTMENT CLOTHING DEPARTMENT UNDERCLOTHING DEPARTMENT TAILORING DEPARTMENT HOUSEHODL FURNISHING 34 Manufacture from various Mills Including LANKETS. FLANNELS & TWEEDS OF ASHBURTON MANUFACTURE. Cash System and Cash Prices. BLACK, BEATTIE & CO. GENERAL DRAPERY WARE HOUSE TAILORS, B SMA’iLR ' and MILLINERS grt



Victoria House. EE-OEG A.NISATION OF BUSINESS. REDUCING STOCK RETIRING fiom the FANCY DRESS, HATS, and MANTLE epartmbnts Of the trade, PHENOMENAL VALUE now being given, and to be obtained until AUGUST 20th NEXT. DIMANT AND COE, GENERAL DRAPERS CLOTHIERS, &c., East and Tancred streets, Ashburton. Victorian Steam Carriage Works. J. R. STEEL & SON TT7ISH to Intimate to the Public of Ashburton and surrounding districts that, Yf having obtained STEAM POWER and other Machinery requisite for the carrying on their work efficiently, are now In a position to meet the demands of tne public with a fir t class article at prices to suit the times. Every eruption of Carriages and Traps made, Painted and Repaired. Spring Traps from £2O. Whltechapela from £25. Buggies from £3O. P.S.—Special attention paid to Repainting and Rotrlmmlng. VICTORIAN STEAM IRON WORKS AND GENERAL SHOEING FORGE. J. R. S. & SON, while thanking the publlo for their past liberal support In this department, beg to Intimate that, having procured first-class Machinery, they are now In a position to undertake all kinds of Engineering work. . , , Special attention 1s 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.



Special advertisements. C RO W N RON W’OJRJK S ARMAGH STREET, Christchurch. Portable Banges Burn Wood and Coal—ln Four Sizes. PAINTED CORRUGATED IRON IH Four, Five, Six and Seven Feet Lengths. 40 per cent. Cheaper than Galvanised Iron. 10 1988 Notice. I HAVE disposed of my Business in Ashburton to MESSES H. J. WOOD & CO., OF CHRISTCHURCH. In thanking tho Public of Ashburton and District for their liberal patronage accorded to me during the years I have carried on business here, 1 have mnch pleasure in soliciting a continuance of their favor on behalf of my worthy successors, who will make this a branch of their well-known HALL. THOS. F. FARLEY.



In reference to the above, we respect fully request the Public of Ashburton and District, and all fWends and customers of Mr Parksy, to favor us with a continuance of their commands, and we guarantee to give at alt times the value in New Zealand in our line of Business. An additional stock of Commercial Stationary, of superior quality, and latest now Books, to the value at £IOOO, will he speedily forwarded from our Christchurch depot. The latest new Books and Magazine will be to hand by every direct steamer from London. Subscribers supplied at onr Christchurch prices Any Book out of stock will be imme diately procured from our Christchurch establishment. h. j. wooiTand CO., STATIONERS’ HALL. All book debts to be pmd to H, J. Wood and Co. THOS. F. FARLEY,



NEiW ZEALAND’ CLOTIIRQ FACTOR ITHE NEW GOODS FOB THE WINTER SEASON ■AKE NOW OPENED OUT. The Stock is I THE LARGEST & BEST SELECTED IN THE TOWN, And the variety of Stylo and Patterns in Men’s, Youths’, and Boys’ Clothing leaves nothing to bo desired. Thousands of Men’s and Boys’ r Saits, newest stylos. Trousers and Trousers and Vests manufactured of New Zealand Tweeds. Every garment warranted shrunk Overcoats, Waterproof Coats and Loggings in great variety Hntn, compris'ng every new style worn Children’s Jersey Suits, Children's Men ► of-War Suits Gentlemen’s Hosiery, Scarves ; Oxford 1 Regatta and White Shirts Bugti, Portmanteaus, and Travelling Bags The celebrated WERTHEIM SEWING MACHINE. Tima N.Z. CLOTHING FACTOR IT, East Siaaar.



PORT OF TIMARU. ARRIVALS— BELLS, barque, from Newcastle, with best quality COAL. GLEANER, brigantine, from Auckland, with cargo of Kauri TIMBER. TUCKER AND RESTELL. 4th August, 1886. *8407 ACCIDENT INSCR\NOE ASSOCIA TION OF NEW ZEALAND. Head Office : Dunedin. Capital, £IOO,OOO. r E have much pleasure in appointing w Messrs TUCKER & RESTELL LOCAL AGENTS for the above Company, W. A. WALTON, *7 330 General Manager. J. Ballantyne & Co. A bolding an JMMBNSE OLEARING (^ALE DRAPERY AND CLOTHING, On account of ALTERATION IN PARTNERSHIP. See Circular. DUNSTABLE HOUSE, Christchurch, r 227



OR COUGHS, COLDS, Bronchitis Asthma, Coryza, Influenza, Con sumption, &c, ■ AY'S COMPOUND OF LINSEED, „ Aniseed, Senega, Squill, Tola, &a, with Chlorodyne. KAY'S COMPOUND, a demulcent expectorant, for Coughs, Colda, and Cheat Complaints. KAY'S COMPOUND, for Coughs, and Colds, ia equally serviceable for Horses and Cattle. jSI. Neuralgia, Face-ache, &o. Con tains Qu ; nln% Iron, &o. CO AGULINE.—Cement for B-oken Articles, Sold Everywhere. Sole Makers:—KAY BROS., Stock port, England,