1*730,421 during the year, which is ex plainedby theLs6B,s7s,increaaeof debt as before mentioned, and L 246 244 of sinking fund of the loan of 1863 5 re leased upon conversion of the guaran teed half million. Deducting from these figures the natural increase of the remaining sinking fund L 84,398 as! previously stated, we arrive at L 730,451, representing the net m crease of the public debt. FIJTANCK OP 1894-95. Now we will turn to a more im portant, and certainly more interesting subject, viz., the resources of the cur rent year. In the first place you will require to know how much our ex penditure is' likely to be, and then the amount of revenue which we anticipate will be received towards providing for luch expenditure. Last year we asked for L 4,460,547 out of the ordinary revenue of the colony, but for this year I do not think we shall require more than L 4,301,098. These figures show a net laving of L 159,449 on last year's estimates, notwithstanding an increased population entailing an in creased expenditure. I will briefly ex plain the principal items of decreased , expenditure under the permanent accounts. The largest sum, namely, L 157,021 is m the annual charge for interest and sinking fund. With the consent of the trustees of the sinking fund of the consolidated loan of 1867 it has been decided to alter the dealing with ontributions which are allowed to accumulate during each twelve months before the annual drawing takes place. The former practice was to rtsaifc to j London every quarter a sum equal to the proportion of 1 per cent upon {he total of the original loan of L 7,283,100, together with the like proportion *of 5 per cent upon the amount of the drawn converted bonds and upon the amount of the bonds out standing m the hands of the public These amounts provided the fund for the annual drawing and resulted m the trustees repaying to the public account the difference between the amount of drawn bonds held by the public, and the total of the drawings, and this difference really represented the ac cumulated remittances we had made to pay interest and sinking fund upon the debentures m our hands which had al ready been converted into another form of Government security. To in crease the unbusinesslike character of this transaction there had been raised every year since 1884 debentures under the Consolidated Stock Act 1884 to an amount equal to the estimated yearly accretions of the sinking fund of the consolidated loan 1867, so that on the one side of our accounts we loaded our expenditure with entirely unnecessary charges; on the 6*her side we created and issued an equivalent amount of debentures, also unnecessary, provided that the expenditure was abandoned. After careful consideration and con siderable correspondence, I decided to do away with the charge for interest and sinking fund on bonds which had already been eonverted,and corifine our selves to making provision only for bonds remaining m the hands of the public. After this year the charge,for ... interest on consols will diminish m proportion as the debt becomes ex tinguished by the annual drawings. Under the former method it steadily increased year by year. I regret to have detained you with these remarks which art somewhat lengthy, but it was necessary to carefully explain this in volved transaction. It is right to mention that the alteration m the method of charging interest on the consols did not come into operation until after the first quarter's payment of the current year under the old sys tern had taken place. There will, therefore, be a further diminution of interest charged m connection with the 1867 loan when the Estimates for next year are laid before you. The charge under this loan for interest and sinking funds has been diminished by L 182,957, and the conversion of some provincial and other loans increased the savings to L 189.344 j on the other hand, the interest charge has been aug mented to the amount of L 32,323, owing to the issue of additional 3J per cent inscribed stock, and to the crea tion of debentures for the purpose of satisfying the reading requirements of local authorities and for the purpose of native und private lands to be thrown open for settlement. The total sot down for the payment of permanent charges under special Acts will be found to be m excess of last year's esti mates by the sum of L 8922 and this arises chiefly (with the exception of LIOOO under the Payment of Members Act) from increased provision having to be made for the payments to local authorities of revenues which we are obliged by law to hand over to them. ESTIMATED REVENUE. Having mentioned that our expendi ture for the year is estimated at £,801,098, it Js necessary that I should state what revenue we anticipate will be received during the same period. I estimate the ordinary revenue at L 4,235,00 as against L 4,262,000 the estimate for last year, aad L 4,368,538,368,538 of actual reowpte. Although there ■was all actual excess of revenue over the last year's estimate amounting to upwards of LIO6OOO, I have not deemed it prudent to take as a guide these increased receipts m estimating the current year's figures. I prefer to err on the right side. Owing to the .bad harvest, low prices and slight financial disturbances,the receipts from railways and customs show a falling off. If then there should be a disparity between the estimated and actual results the discrepancy will place me mno financial difficulty. No Colonial Treasurer should run the risk of hav ing to announce a « deficit;" such a word should have no place m the New Zealand budgets. Having therefore, considered that L 4,235,000 0rL133,538 less than last year will be received during the current year, a few of the principal differences may be explained. In the Customs the estimated decrease is L 55,503. Although our Customs duties have fallen somewhat during the first three months of the year, I do not think there is sufficient cause for any fear of the drop continuing. Stamps revenue shows a decrease of £86,648, but as the actual receipts last year were £48,947 m excess of the estimate, and arose principally from unantici pated death duties, I think I should not be justified m expecting a larger j revenue than the amount I have set down. The contemplated partition of large estates way reduce our m

come under the land tax ) I have, j therefore, deemed it prudent to esti i mate only £850,000 from land and m came tax, or £11,976 less than last year from all sources. In beer duty a reduction of some £1808 occurs. 1h i Railway Commissioners supply us with figures showing a decrease of revenue amounting to £5548, and considering the unfortunate collapse m the grain trade the sinallness of their estimated decrease shows their faith m an almost correspondingincreaseinother branches of their carrying business. Registra tion, marine, and miscellaneous show a net increase of LIOO4, but territorial has been decreased by L 23.059, as my colleague, the Minister of Lands, is of opinion that it is prudent to provide for a decrease this year m consequence of the bad season. In addition to the above the receipts for the year are aided by the creation and issue of debentures under the Consolidated Stock Act, 1874, for the estimated accretions of the sinking funds during the year. Owing however to the alteration of the system connected with the payment of interest and sink ing fund on the consols of 1867, as I have before explained, a* very much smaller amount is required to be con tributed towards the sinking fund of this loan than heretofore has been made. The debentures, therefore, which last year amounted to L 284,500 are only this year set down at LI 17,800, or a decrease of L 166,700 m aid of revenue from that source. FORECAST FOR 1894-95, You will like to have a forecast of our position on 31st March, 1895, so I will gather together the figures I have been explaining and restate them thus- Estimated expenditure for 1894 95, L 4,301,098. Estimated revenue, L 4,352,800. Excess of revenue over expenditure, L 51,702. It must noi however be forgotten that we closed last year with a satis factory surplus of L 290,238. Our severest critics will not I suppose object to our bringing forward this surplus m aid of the current year's transactions, therefore adding the sur plus of L 290,238 to the excess of' revenue over expenditure for the year, L 51,702, we arrive at a gross surplus of L 341,940, out of which we propose as before to transfer L 250.000 to the Public Works Fund for the construc tion of reproductive works and m aid of settlement of the land, our net sur- ! plus at the 31st March next should bs j L 91.940, subject to further reduction after the supplementary estimates have been provided for. PUBLIC TRUST OFFICE. At the close of 1893 wills and in struments of trust had increased m number to 371 from 354 and m value to L 543/238, from L 442.671 at the close of 1892. In every branch of the business of this office there has been an increase. The properties m the office of all classes at the close of 1893 were 2040 m number, of the estimated total value of L 1.450,917. The Act of 1891 by which the colony guaranteed the capital funds of the estates m the ! Public Trust Office as well as a oomdion rate of interest on these funds, is bear ing good fruit. The security of the capital funds will always be the princi pal consideration of those who mpy arrange a trust or make a will, and the ! larger the amount of the capital funds j of a property the greater is the concern for security. I shall ask the commit tee for a sum of L 340 m this year's appropriations to meet the deficiency | arising irom bad and doubtful securi ties on which tbfi capital funds have been lent of estates m the Public Trust | Office. This will mike the deficiencies which have been made good m such securities amount to L 4098 out of the estimated total amount m 1891 of LSOOO of the deficiency then expected to arise. Of this deficiency the amount which has already been appropriated has, as the Committee is doubtless aware, been met out of the profits of the Public Trust Office. GOVERNMENT; INSURANCE DEPARTMENT. The accounts of the Government In surance Department will show that it never occupied a stronger position than at the present time. The new business of the year was virtually LIOOOOO m advance of the business of 1892, whilst the expense rate has still further declined, and now stands lower than at any time during the last eight years. After congratulatory references to the Department of Agriculture, and the Postal and Tetegraph Conference, the Canadian Conference, and the Pacific cable, the Colonial Treasurer W6nt on to the SETTLEMENT OF THE LAND. The demand for Crown land during the past year has been t(|Qsiderable and the Lands Department has been kept busy to meet this. Over one million acres of land were thrown open for selection under the settlement con ditions and for cash sales, besides about 1,700,000 acres for pastoral purposes. The whole of these areas were not taken up, for much of the land remain ing m the hands of the Crown is of inferior quality; indeed the want of good land to meet the demand for settlement is pressing. The total number of selectors of land last year was 2876, but these figures include selectors of miscellaneous leases and licenses which are m their nature not of a permanent character. Deducting these there remain 2,539 selectors under all other headings. These may may be divided as follows—purchasers for cash (town suburban and rural) 500, who selected 34,999 acres; de ferred payment selectors 96, who took up 12,668 acres j perpetual lessees 17, selecting 3854 acres; occupiers with right of purchase 471, selecting 108,499 acres ; lessees m perpetuity 1,228 tak ing up 255.362 acres (these include village settlement associations and other small holdings under this parti cular tenure), and finally 227_selectors of grazing farms, small grazing runs and pastoral leases. The total figures show a small decrease (195) m the number of selectors as compared with last year and this is due to the cause referred to above—viz the scarcity of Crewn lands m positions easily accessible. The figures quoted include the selections under the Land for Settlements Act and Cheviot Estate. Under the Land for Settlements Act 1892, a good number of offers were received by the Govern ment and many of the estates were of a character which might with advant age to the State have been acquired

and settled on, but still ihi limit of area with which the land acquired under this Act can be divided, viz., 320 acres, prohibits the Government from acquiring some of these properties, which are otherwise desirable It is proposed to remedy this defect by the Bill iow bafore the House. The num. ber of estates purchased was five, of a total area of 9113 acres, the total cost i of which, including purchase, admini aeration, roads made and yet to be I made, was L 39,117 12s lOd, or con siderably within the limit allowed under the Act. These estates have all been divided into small farms, and at this date are bringing a return on t capital invested of 4.5 per cent, whilst 71 selectors now hold the land instead of five as formerly. When the whole of the lands are selected, which will > probably be as soon as certain road works are completed, the estates will bring m a return of 5.8 per cent on the expenditure With respect to the Cheviot estate full particulars as to , the operations m connection with the sales, leases, and improvements made, etc., will be found m the annual report of the Lands and Survey Department, which may be sum marised here. Through causes which have nothing to do with the estate itself, the cash sales have not equalled our anticipations, consequently larger areas have been offered for. lease than was originally contem plated. The results up to the present time may be stated as follows:—The total area purchased is 84,755 acres, with two reserves containing 600 acres of Crown lands, and 120 acres purchased on the boundary, make a total of 85*475 acres, which is dis posed of -as follows: 73,159 acres leased m perpetuity and for 21 year terms; 6498 acres sold for cash ; 1032 acres reserves, etc., aot yet leased; 2066 acres unsold land 2720 acres of roads, railway lines etc; total, 85,475. Financially the position is as follows : Original cost of estate, L 260,220, works and improvements, L 22,250; total L 282,470. As the land leased is bringing m a rental of L 13.339, it follows that we are receiving over five per cent on the L 256,147, and still have to the good some reserves and township sites not yet disposed of. THE BANK OP NEW ZEALAND. Circumstances of an unusual character have recently caused promi nence to be given to the banking institutions of the colony. I take opportunity of complimenting the House upon the courage displayed by its members—a marked characteristic not altogether unexpected m dealing with a critical emergency. I refer to State guarantee which was given to Bank of New Zealand a few weeks ago, There have been many proposals urged from time to time for the creation of a State bank and there have been many hopes expressed that such a State institution would be established sooner or later m this colony. There have been fanciful ideas puortrayed by many who doubt less experiencing the tightness that has characterised the money market m this colony for some months past, regarded the creation of a State bank as a panacea for the evils from which they had suffered. Ido not here pro pose to discuss the merits or demerits of a State bank. I will not trespass upon the time of the House m inviting hon members to say whether or not the creation of a State bank would have I been a solution so satisfactory as many predict. It would, mmy opinion, be undesirable for the Government of the couitry to.' conduct the business of an ordinary bank. It would not be an easily managed concern. It would be j open to some, if not many abuses. It would be calculated to offer opportuni ties for things to be done which should not be done. But a financial institu tion guaranteed by the State, Fuper vised by the State, and controlled by the State, must m the very nature of things be a bulwark against extraor dinary financial fluctuations calculated to impede the industrial and general progress of the colony, We have now all the machinery necessary to enable the Treasury to control the note issue should this ever be deemed advisable We have now the necessary channel through which much of the important business that will m the future be carried on by the colony, may be more effectually and fiixpeditiously per formed. The Government are of opinion that neither of the other colo nial banks will, as the result of the legislation giving the Bank of Hew Zealand a State guarantee, be prejudi cially affected, and Gbvernraent- are carefully watching matters, as they do not intend nor have they any desire to j injure them. Railway control and the principle of assessment having been touched upon, the Colonial Treasurer went on to SMALL DAIRYING. Small settlers m various parts of the colony have been greatly assisted by the carrying on of a smaller class of dairying business. The railways have not to the extent which they ought enabled this class of settlers to get their products at reasonable rates to the larger consuming centres. The Government are of opinion that producers of such articles as butter and eggs, who are largely dependent upon the sale of these for a living m the larger centres, should have ex tended to them privileges similar to those which are suggested for the facility of the transit of fruit. The railways should be used by the settlers of this class for the purpose of over coming the disabilities arising out of distant markets, or of making it as desirable far settlers to live at long distances from town as to live where those now more favored do, having selected allotments closer to a city at an earlier date, I. earnestly commend the above suggestions to the careful and thoughful consideration of hon. members. THE TAKIFF. I intimated last year that it was inadvisable m an expiring Parliament to attempt to deal with this large and important matter. I said it would be necessary m the first session of the new Parliament to deal with the question of the tariff m a thorough and comprehensive manner. I fear that the number of things to be considered by the Tariff Committee may prevent their reporting m sufficient time to enable the Government this session to deal with the matter m as exhaustive manner as they consider the importance of the subject demands.

NATIVE LAND PROPOSALS. That much of the Tast areas of native lands m the North Island are unoccupied has militated very greatly 'against that important part of the colony. My colleague, the Native Minister, will submit a Bill to Parlia ment this session which will tend to remove this most undesirable state of affairs. Ihe object of the Bill will be t > consolidate the provisions of the several Acts affecting native lands and land courts, and to enable the exchange ot lands between the natives. Pro vision will be made for the transmuta tion of the tenure of freehold lands held under the native custom, for facilitating the settlement of blocks of, land owned by large numbers of j natives, for the incorporation of native owners, for entirely dispensing with applications for rehearing and the attendant coßts thereon, for the ap pointing of a Court to hear appeals (the decisions of thej Court shall be final and comblusive), and for pro hibiting private dealing m native lands. With the removal of these difficulties by giving fair value ,to natives for their land, by insuring good titles to their land, it is contemplated that a large area of native land will be offered to the Government. To meet this and to road the lands and put them m r position for beneficial occupation, ! the sum of L 250,000 is considered necessary. TINAPCIAI, AID TO SETTLEBS. There has been no little controversy upon the question of providing cheap money for the use of settlers m this., oolony. Many schemes have been pro pounded, and various ideas put forth. The Credit Foncier system has been advocated ; the establishment of a State Bank has been urged ; the issue of paper money has been suggested, and many other proposals have been made. As the result of very careful consideration I have come to the conclusion that none of these methods would immediately enable ilia colony to obtain the great advantages which necessarily follow the flowing into it of money to be utilised by settler* aba low rate ot interest. The first essential co the successful introduction of money into the oolony is to give an assurance to those from whom it is obtained that their i loan is safe. Under the pi•posafa which I am about to submit to you it will be conceded that this important point has < been provided for. I propose, on certain ' conditions, to ask the House to assent to legislation authorising the raising m London of a loan not exceeding L 1,500,000 per annum to be advanced to settlers m ths colony on freehold security, and T' propose that 3| per cent inscribed stock be issued from time to time to provide rue requisite amount. It may not follow that m the course of the year tha whole amount named will be raised for ths purpose of advances. If for example the approved loans amount to L 500,000, then inscribed stock for this sum only would be raised. After careful consideration it seems to me to be infini tely the beet plan to obtain money directly on behalf of the colony, and for the colony to hold the securities against fche advances that might be made. The greatest good will m this way be conferred on these requiring money an low rates of interest. It is intended that a Lending Board should bo set up with certain defined powers. To stipulate thw these advances should only be made upon a 50 per cent valuation would, m my opinion, entirely neutralise any general good that the scheme ia intended to con fer, I am of opinion that land values have generally m this colony reached j their minimum. There are, of course, , exceptional cases where owners adhere to higher values than the land is really worth, but I think lam right m saying that land may not m the future be expected to further depreciate m value, and as population increases and the country becomes settled, the acreage value of land, now ab bedrock, must show a tendency to rise m proportion. I believe that with a Lending Board and a proper system of valuation, it will be safe to authorise the Board to advance up to two thirds of the value of the security. It is nob intended by the Government that a large profit should be made out of the settlers. A margin of 1£ per cent will more than clear ordinary expenses, and will provide the basis of an assurance fund. The scheme is a comprehensive one, and has, I think, the merit of being safe, practicable, and sound. I can with confidence commend it to the careful consideration of the members on both sides of the House, whose co-operation I ask m assisting to solve what is admitted to be a most difficult and at the same time unavoidable problem that has become necessary to deal with during late years. The country must have a plentiful supply of money ; it must not be dependent upon the whims of investors, who m the past have made use of it just as it suited them, and tco often have shown unfortunately a desire to draw their money without reasonable cause thus creating embarrass ment and In many cases distress among those affected. I ask hon. members as they have the wolfaie of the country at heart when the Bill is before the House for consideration to assist m making it where necessary a better Bill, and to bring about that which is so necessary to the well being of the colony, namely, the obtaining of a supply of capital at a lower rate of interest than has hitherto prevailed. It is generally admitted that there has been what is termed tightness m the money market m the colony for some time past. Various reasons may be assigned for this. Without discussing here the causes, I may say that m my opinion money m this colony will before long be plentiful, and that with an ad ditional supply a drop m the interest rates may be exted. It seems impossible for ' the vast accumulations of Wealth now being hoarded up to continue long with out being remuneratively employed. With this belief I some weeks ago noti fied the various Departments which are m the habit of investing portions of their funds with tha Treasury that for the future no investments will be made at a higher rate than 4 per cenb. Dear money is not a good thing; on the contrary it brings m its train many evils. No country can enjoy solid prosperity if the rates of interest are ruling high. It would be to the advan tage of all classes, including the financial institutions m this colony, were there a plentiful supply of money with lower rates of interest enabling the users to utilize it with the prospect of earning a profit. Under such circumstances the original lender would have the first essential to successful lending instituting a safer and better security. It is obvious that if money is lent afc a high rate of interest the difficulties the mortgagee experiences m using ib so as to make a return profit himself as well as a return to the lender, will only reaulb m it being a question of time when the borrower must experience the impossibility of being able to profit ably employ *uch money. When this point is reached the security of the origi nal lender is at once reduced m value, and if he allows it to remain long enough it will for a certainty become depre ciated, if not a bad security. Hence I think it will be generally con ceded to te of importance to all classes m the colony, to the lenders as well as to the borrowers, that money will not stand at a high rate of interest' So far as I can I shall assist m the direction of having money brought to a fair value, I

feel satisfied f ro m a cartful study cf the causes that have conduced to the tight ness of the money market, that our color.ists may look forward hop* f ally to a relaxation m this direction. ,

TBS ASHBPftrim GUARDIAN ; WEDNESDAY, ,TtfL¥ 2g, 18S4



-G- EAT SALE OF Eflw r<l» t II;-ji5i«ttP 9 & lO'fl Clt, AT B E A T H.%. — TREMENDOUS REDUCTIONS IN DRKSS GOODS — NEW SEASON'S COSTUMES FROM 3s lid to 25s 6d —Former Prices 5s lid to 87s Gd. All Wool Amaion Cloth, doable width Heavy Melton Cloths, m \W, m Navy, Brown and Maroon/ °* a P* *" Navy, Cardinal, Petunia, Brown, Green, Hack, is lid per yard—Former Strong InrernMß Serge*. Now XlW— price 2s lid Former price Is 3sd -CLOTHING- Men's Strong Tweed Suits 19a 6d- Men's Strong Leather Shirt* & 6d— Former price 26a 6d Former price 3* 61 Men's Kaiapji Tweed Suits 22s 6d— Men's All Wool Under-fltnnela 3U 6d— Former prise 32s 6d Former price is 3d Men's Kaiapoi Saddle Trousers 14s lid Men's Kaiapoi Knitted Socks lljd— Former price 21s Former price Is 3d Men's Strong Tweed Trousers 5a lid Boys' Tweed Suits from 3s Ud. upwards Former price 8s 6d GREAT REDOCTIONS j Blankets, Rugs, Flannels. Flannel* m } lettes, Shirtings, Calicoes, Towels. ETC. * everything" heduced, G.L. BEATH&OO. TANORED STREET Special Attractive Sale OF Dr[apery, C,lothing and Boots. COMMENCING, SATURDAY JUNE 23, FOR ONE MONTH. 73 pair Blankets reduced to 10s 6d and 12s 6d 87 Men's Kaiapoi Suits %t 25s 6d worth 32a 6d TAPESTRY AND BRUSSELS CARPETS GREATLY REDUCED; 32 dozen Ladies' Cashmere Gloves 9d and Is per pair High Class Dress Goods, double width, from Is Colonial Flannel 8d per y»rd Flannels, good quality, from 3Jd Ladies' Boots frcm 2s per p«| Indies' Slippers from Is Jd pc/ pafr fprcat Reductions m Every Department. Cheap Groceries For CASH ONLY. Best Silk Dressed Roller Flour, Fine Salt 5s per cwt. bag 251 b 2s, 501 b3s lO^d, Baking Soda 3d per lb lOOlbs 7s 6d, 2001bs 14s Best Mixed Peel 8d per lb] White Crystal Sugar 2fdper lb Washing Soda Id per lb Finest New Currants (cleaned) Pearl Barley 2d per lb 3fdperlb Finest Sago and Tapioca If* Finest New Raisins (cleaned) per lb 4Jd per lb Sheep Tongues IOdJ per tin Finest New Sultanas (cleaned) Finest Japan Rice 2Jd per lb 4|d per lb Cream of Tartar (pure) Is 2d Electric Candles 5Jd per][lb, perlb 5s 3d per doz Corn Flour (Brown's) 3Jd lb Neayes' Food lid per tin Safety Matches 3d per packet ALL OTHER GOODS:AT CORRESPONDING PRICES. " 0 /CUSTOMERS waited upon for Orders. Goods delivered daily. Solo Agents for Mandarin and Tiger Teas and " BJue Bell" Oatmeal SHEARMAN BROS., MARKET HOUSE- The Early Bird for the Worm. THE FORTUNATE POKCHASERS OF YARMOUTtI OILSKiNiS TVELIGHTBD AT RESULT DURING ROUGH WEATHER Another Shipment t# fcland. -J v?U-i ■ . " ■ .„. ' ■■■■•. ■-. ■ -^fe -SOLE AGENTS MITCHELL 9 TURNEP



Public NOt!C3S CHEAP BUILDING SITE. wl" lvo» containing one mud, Good Land. Alford Forest Road. T. BULLOCK. ASHBURTON VOLUNTEER FIRE < BRIGADE. "* HE Half-yearly Inspection will be * held on THURSDAY, 26th inst, at 730p m. Fall dress uniform. A. A. FQOKS, July 25, 1894. Captain. 7 139 Ye koeero. " TDROFKSSOR BICKERTON will I Lecture before the Society at the Templar Hall on FRIDAY NEXT, the27thinßt.,at,Bp.m. Subject: "Man, as related to Society." Friends of mem bers are invited to attend. H. H. FOOKS, Hen Secretary. July 25, 1894 7 140 TyrOHEY TO LEND on approved Freehold Security, at Lowest Current Rates. H. C, ORBELL, 7 103 Solicitor, Ashburton. TO LET J?OR A CROP! 200 AolrES 200 Being R.Sa. 28217, 28218, situated not far rom Winshmore school. For particulars, apply to T, BULLOCK. THE PREMIER TEA OF THE WORLD. _ " Bseh«rt and loveliest flavour. More economical - than any other kln9. Eocommendcd by the Medical Faculty. All. Injurious Ingredients removed. Promoted dictation—strengthen! the con stitution; It's nunneroni competitors are falling a-vay like mKgic. A BLESSING TO MANKIND. Prices, 2s 6d and 2-, per lb Ask yoar Grocer for I, HENRY ZANDER Wholesale Agent. LOOK! LOOK! JOHN ORR & CO IRONMONGERS AND IMPORTERS or GENERAL MERCHANDISE. if/HEtf we say we are selling. ** Cheaper than, any House m Ashburton, one glance at the following prices will convince everyone that we MEAN WHAT WE SAY:— Eollitt's Supreme Boiler Flour —251bs 2s, 501bs 3s 10M, lOOlbs 7s 6d, 2001bs 14s 701bs splendid White Sugar for 15s 8d ! Best Mauritius Sugar, 2fd i per lb Pearl Barley, 2d per lb 251bs new Oatmeal, 2s 4d Best Japan Bice, 2Jd per lb 150 test Kerosene, 6s a tin, 12s a case i Neave's Food, lid tin, 12 tins 10s 6d | Sa?-o, Tapioca, and Split Peas, 1 j per lb Sheep Tongues, 10 per tin, 9s 6d per dozen tins Bryant and May's Safety Matches 7^d, 12 packets 7s 3d Candles 5Jd per lb, 121bs 5s 3d ! White Pepper Is 2d per lb, 121bs 12s Caustic Lye for soap making lOd a tin, 12 tins 8s 6d Edmonds^ Baking Powder, large tins 10|d, 12 tins 10s 3d, Cream of Tartar Is 2d per lb, 121bsl2s5d Com Flour, Brown's, 3id per D, 121bs3s4d Essence of Coffee, large bottles Is, 12 bottles for Us 5d New Currants, 3fd per lb Lemon Peel, 8d per lb, 21bs ]s3d, 71b tins, 3s 6d Baisins, washed, 4Jd per lb Sultanas, 4f d per lb Baking iSoda, 3d per lb, s|lbs Is 31bs of our 2s Tea, 5s Id Washing Soda, Id per lb Fine Salt, lewt bags, 5s 1000 Vestas 5d a box, 4s lOd dozen TEA." TEA- We are prepared to quote Special Prices for Tea m 51b, 101b } 201 b, and 401bs lots, that will " Astonish the ] Natives." JOHN ORR & CO, ASHBURTON,



Mr T. Bullock. "SATURDAY,"JULY 28. 186 *. ORBB-:. 186 LONGBEACH. The property of Mr John White. TNTENDING purchasers are reminded -V that the Sale of this farm takes place at the Arcade on the above date, at 11.30 a.m. T, BULLOOK. 7 135 Auctioneer. SATOBDAY, JULY 28. 30 Acres 30 near the Agricultural and Pastoral Aoao i ciation's Grounds. MR THOMAS BULLOCK has re* ceived inbtructions from the Trustees m F. M. Rickman's Estate to sell by Public Auction, at the Arcade on the above date, — 30 Acres, 1 Rood, 26 Perches, being Lots 54, 55, 56, 57, 58, and 59, deposited plan 283, pare of R.s. 25108. It is well situated, being close to the Show Grounds and County Sateyards, surrounded by a well-grown plantation, and watered with County water races. Inspection Invited. Sale at 11.30 a. m. T. BULLOCK, 7+67 Auctioneer. "SATURDAY," JULY 28. MAYPIELD. ] f\ ACRES 3 Roods 7 Perches 1 f) MR T. BULLOCK will sell by Public Auction at the Arcade on the above date, R.S. 30571, containing ten acres, three roods, seven perches, ;May Beld. Liberal Terms Sale afe 11.30 Tv BULLOCK, 7 §112 Auctioneer. Mr D. Tnomas. CLEARING SALE. THURSDAY, JULY 26. Of the Ashburton Working Men's Co operative Society, Limited, (m Liquida tion) BAKERY BUSINESS. I* HAVE received instructions from the •*- above Company to sell at their Bake house, nexfc to Mr'(•!. James', the whole of the Bakery Stock, including— p HORSES, O CARTS and HARNESS, Currant Cleaner, Butter Mixer, etc., and a lot of sundries, which will be sold absolutely. Sale at 1.30. D. THOMAS, 7*105 Auctioneer, T enaers. TENDERS FOR erecting a Dwelling House at Tin wald. Plans and specifications to be seen at Mr Shearer's. Tenders close on FRIDAY, 27th inst., addressed to JAMES GUDSELL, 7 125 Tinwald. " "■ ' te"n*d~e~r~sT ~~. %TT ANTED, Tenders for putting m about 180 Acres of Oats. Apply to MAX FRIEDLANDER, 7 137 Ashburton, ~~~ GORSE GRUBBING! " TIENDERS are invited for grubbing, ■*• trimming fences, and burning a quantity of gorse now growing m and about plantations surrounding the Selma estate homestead. The Manager will show those desirous of tendering, work to be done. Tenders received op- to 12 noon, on TUESDAY 31st. The lowest or «»y tender not necessarily accepted. T. BULLOCK, 7 136 Estate Agent. Public Notices. GIRLS' FRIENDLY SOCIETY. ASOCIAL and SALE OP WORK will be held m St Stephen's School room on * WEDNESDAY NEXT, [ July 25. at 7.30 v>. m. f Admission 6d, Children 3d. 7 121 A FAC I l .—Anyone drinking Health - Tea and discarding all other brands, will certainly add ten years to his lif*. Just your try it. To be had from all Grocers. DOLLAR CIGARETTES 3d per paclce PHOTOGRAPHY. GREAT REDUCTIONS IN PHOTO GRAPHY. -| DOZEN CABINETS, highly Wnished, A for 10s 6d ; Carte de Visite, 7s 6d per dozen at LAWRENCE'S STUDIO, opposite Railway Station. Photographers by special appointment to His Excellency the Governor. Portraits of every description taken from Card to Life Size. Pictures by the Instantaneous Method are equally as good taken m dull weather as In the brightest sunshine, 7 105



1 Impcbities is the blood—We have seen hosts of letters from people who have re ceived great benefit from the use of Clarke's Bood Mixture. It cannot be too; highly estimated, for it cleanses and clears the blood from all impurities. This is a goodl testimonial from the "Family Doctor "which gees on further to say : " It i* the finest blood purifier that science and skill have brought to light, and wecan with theutmostconfidence recommend it to our subscribers and the public generally." For Scrofula, Scurvy, Eczema, Bad Legs, Skin and Blood diseases, Sores and Pimpleß of all kinds its effects are marvellous. Thousands of testimonials. Clarke's Blood Mixture is sold everywhere, at 2s 9d per bottle. Beware of worthless imitations and substitutes. 4)