FINANCIAL STATEMENT.

(Continued from Third Page.)

FINANCIAL RKSDLTS OP YEAR 1881-82,

The committee will remombor that Par liament finally determined in the Bess ion of 1881, that in future tho revenue of tlio year should be tho actual roceipts paid into the Treasury during the year, and that the year's expenditure should be the aotual money paid away during tho year, thus obviating the necessity for keeping open the year's accounts in order that assets might be realised and liabilities paid before a final balauco could be struck, The new method was accordingly introduced in tho accounts of the years ISBI-S2, and I venture to hope that the greater simplification of accounts which has been effected by the change will commend itself to Parliament, Hon. mem bers will find on referring to the fluanoial statement which I had the honour to make last year, that, excluding tho land sales from tho consolidated fund, there was a deficit on thefilst March, 1881, of £5067, but that in cluding the land sales there was a i urplus ba lance of £20,700 to the credit of the colony, upon actual transactions completed within the year. As I have stated already, the ordinary revenue of the consolidated fund for the past year amounted to £3,158,170, and the expenditure to £3,278,829. The ordinary revenue, therefore, exceeds tho ex penditure by £209,350, and deducting from this sum the deficit of the previous year, £5667, we havo a credit balance of £203,683 at the closo of the financial year 1881-82 on this division of the account.- But though, for reasons which havo been frequently stated, it was determined that n separate ac count should bo kept of tho land sales, it must bo borno in mind that the reveuue from that source still remains within the consoli dated fund, and is liable to meet tho charges of tho public debt should it ever be necessary to use it at any time for that purpose. But the colony now no longer relies upon the land sales in auy way as a means of obtaining revenue to meet the ordinary services of the Government, and has thus removed one couditiou which made sottud finance impossible. When, however, we como to consider tho whole transactions of the year, it is clear that the products of the land sales and tho expenditure must appear iv the account. Wo find, then, that the total money received aud paid iuto the publio account during tho year, including the land sales, was £3,805,233, aud the total expenditure, iuoluding the chargos on tho land sales, was £3,616,895. Tho receipts were tliUB £188,33S in excess of tho expenditure, and, adding to this sum the surplus nt tho close of tho year 1880-81, £26,800, we find that we havo a credit balanco ou the {fist of March, 1882, of £215,0-11. This result is ono upon which I hope I may be allowed to congratu late tho committee. It fully bears out the opinion oxprcased by the Government in 1879, that tho grave depression and deficit then existing were temporary and remedi able, aud bliows us that the course then determined upon by Parliament of rigid economy and sufficient taxation, has restored tho finances of tho colony in a remarkably short timo to a thoroughly sound condition. Wo may woll, Mr. Hamlin, be proud of belonging to a people and a country which can, m such circumstances, produce such results iv a period of two years.

LOCAL FINANCE.

The question of local finance has been again carofully considered during the recess, and tho Government have thouglit it advis able to issue a circular to the local bodies asking for thoir opinion upon this subject, and also upon somo important questions relating to the constitution of County Cauncila and Road Boards. I shall shortly ask leave to introduce Bills to give effect to such alterations as tho Government think nccossary in tho constitution of these highly uaoful local bodios, and also to make sufficient provision for their financial requirements, I do not propose to trouble tho committee with any particulars of tho proposed Bills, as it will be more convenient to do bo when the Bills thorn- Belves aro under consideration. I ought, however, to say that the principles which the Government have taken for thoir guidance in preparing these measures aro, first, that local bodies should bo loft as fcao ns possible from central control; second, that thoy should havo conferred upon them all powers which can bo advantageously exercised by such bodies ; third, that thoir finances should be as distinct as possible from colonial finances, and that their revenues should be sufficient. The necessity of dealing with this subject during tho present session Is admitted upon all sides. The question is not one which should bo treated as Ji party question, and I venturo to hope that tho Government will receive the hearty support of both sides of tho House in providing country districts with means of performing tho important duties which havo beon imposed upon them, of making and maintaining a largo propor tion of the roads of tho colony.

ESTIMATED EXPENDraOBE FROM ORDINARY

REVENUE, 1882-83. I now come, Sir, to tho consideration of tho estimated expenditure of ordinary re venue for tho current year. This may be conveniently divided, by following tho usual custom, into two parts—the permanent charges and annual appropriations. The permanent charges, amounting to £1,027,512, includo poaßiou paymonts under tho civil list and other Aots, and the large item of Interest and sinking fund, which this year will amount to £1,654,848. Included in this, however, la the sum of £24,000 due for arrears of Binking fund upon the Imperial guaranteed loan of £1,000,000 of 1870, to which I havo alroady referred. The total present annual charge upon our dobt is there fore £1,530,848, and uot £1,554,848, as might bo supposed from a casual inspection of the accounts without this explanation. It must also bo borno in mind that of this £1,554,848, no less a sum than £270,000, or nearly one-sixth, is for Binking fund ;in other words, woshallpaythisycar£l,2B4,B4B for interest, and £270,000 for tho redemption of the debt. This point is often overlooked when we speak of tho annual chargo of our debt, but as hon. members will see, it is ono of some importanco when wo wish to ascertain exactly our financial position. The esti mated annual appropriations for this year amount to £1,851,127. This shows an ap parent lncroaso upon last year's votes of £93,468. I say apparent, because tht ser vices for which a large portion of this extra £03,408 ia required, were paid for last year out of tho loan. Hon. members will find, on referring to tho public accounts, that tho votes for militia and volunteers, police and constabulary, for last year charged againßt the consolidated fund, were only £142,015', whereas they aro this year £214,009, a difference of £71,994, which pro viously was paid out of the loan. This £71,994, then, is not an increase of proposed expenditure, but really tho transfer of a charge from loan to consolidated revenue of what, I regret to say, is for the present necessary expenditure, although happily tho cause for much of it is, as we believe, fast passing away. This transfer, I am sure, the committeo will approve, for although such expenditure being temporary and ex traordinary, may be considered a fair charge against tho loan, still it is very desirable to pay for the sorvices out of the revenue, whenevor the rovonuo will bear them, as is now tho case. Of the balance of £21,474, £10,000 is for abatement of the rabbit nuisance, which last year was provided for in the land fund estimates. The remainder may be said to be comprised chiefly of in creased charges for working some newly opened sections of railway, for exchange on remittances to London to pay interest, and for somo necessary increases in the smaller salaries of the Civil Servants. I have been thus particular, Mr, Hamlin, in calling the attention of the committeo to this apparent increase, because tho Govern ment are anxious that a watchful eyo should bo kept upon any proposal for the incrcaso of expenditure, which should not bo per mitted unless shown to bo absolutely re quired in the interests of good government, tor it is certain that unless wo exercise great caro in this matter, the return of prosperity will [again lead us to extravagant expendi ture, I must here point out tho fact which 1 hope hon. members will bear in mind, that in this estimato of expenditure I have only provided tho sum of £40,000 for hospitals and charitable aid. The amount voted last year upon this important question I. shall speak of more fully presently.

ESTIMATED REVENUE FOR THE YEAR 1882-83,

I will now ask the committee, Mr. Ham lin, to turn its attention to tho consideration of the revenue for tho year 1882-83. I anti cipate, if taxation is to remain unaltered, with tho property tax at Jd in the £, that we shall receive a total ordinary revenue of £3,393,500, exclusive of laud sales. I have thought it prudent to estimate only moderate increases on tho several items of revenue, full particulars of which, compared with the actual receipts of. last year, will be found in table No. 7, attached to this statement. It is possible that the revenue may exceed my" estimates ; but, considering all the circumstances of the colony, I think it.better- not to speculate npon an.increase, which, although possible, may never arise, I estimate tho revenuo, then, at £3,393,500. To this must bo added tho balance of £293,683, which stood to our credit on tho 31st of March, and we theu get the sum of £3,597,183 as the total amount available for the services of the year. Now, if from this we take £3,478,639, the estimated expeu ditare to which { have already W;

ferred, there will remain a balance o£ £118,544 at the ond of tho current finanoial year. So far, Sir, all has been plain sailing. We have had to deal only with facts, aud with estimated results, which approach to something liko a cer tainty, but wo are brought face to face with n problem by no means enßy of aolution. How can this surplus bo dealt with to the greatost advantage to the community ? What relief, if any, can bo given to the taxpayers of the colony 7 But before these questions can be answered satisfactorily it will be necessary for mo to revert to tho question of

HOSPITALS AND OIiARttADLE AID, As I promised to do. The' total public and known private expenditure upon hospitals and in charity last year was, in round numbers, £88,000, ancl for practical pur poses wo may assume that an equal amount will be required this year. This sum was made up by contribution s From the consoli dated fund, £29,000} Btoppagcs from sub sidies from local; bodies, £37,000; contribu tions from local Boards and from the public, £22,000. The present system—or want of system, I might rather say—of pro viding tho necessary funds is irritating, and unfair to most, if not all, parties concerned in the charitable administration of the colony, and it is, I think, clear that the time lias come whan this important subject will havo to be dealt with upon some com prehensive principle. It may be taken for granted that the indigent and the sick poor must bo fed and clothed and properly looked after by the community. Should private charity fail to make proper provision, aud that private charity will fail to make a sufficient provision is only too evident, the State then, as the State, will have to under take this business in some form. This being so, it would seem that there are practioalJ.y only three courses open for us to follow. Tho indigent and the sick poor will havo to be maintained by a poor rate, sup plemented by private benevolence, or by large grunts from tbo consolidated fund sup plemented by private benevolence ; or by a system of national assurance. It may be impossible to deal with this largo question during the present session, but as there is a a great, and, I believe, a very general re pugnance to a poor rate, and with which I strougly sympathise, and as grants from tho consolidated revenue are, to say the least, very undesirable, I proposo to submit

A SCHEME OF NATIONAL ASSURANCE For the consideration of tho House, which I believe to be thoroughly practicable, within tho means of our people, and which would make necessary provision for the sick, the widow, the orphan, and the aged. It is possible that my enthusiasm has carried me too far upon this subject; has made me too hopeful. But I havo given tho question much thought, and am convinced that the scheme, which I shall at an early date submit to tho House, is within the bounds of practical politics for us in thiß colony. Should, however, the proposal only lead to a dispassionate discussion of this important matter, we shall have advanced one stop to wards a solution of what, I venture to think, is ono of the great problems of the age—a problem which, though happily not so urgently pressing upon us as upon older communities, where the distribution of wealth is at present much more unequal, is still ono which behoves us, as tho founders of a nation, to grapple with, and, to tha best of our ability, solve without delay. I havo said that it is vory probable that we cannot deal with this question during this session, but whether we do so or not, suffi cient provision will have to be mado for the expenditure of the year. The Government propose, pending furthor consideration of this subject, to take the wholo COST OF HOSPITALS upon the consolidated fund, aud for this pur poso I shall have to ask for a vote of £50,000 for their maintenance. Should this be granted, I shall aßk the continued assistance of tho local Boards or the local committees, as the case may be, for their management, for without careful local supervision, abuses ef a serious nature are sure to creep in. With regard to tho CIIABITABLB AID, Now costing about £40,000 a year, I shall ask for a vote of £20,000, and propose that this relief should bo given as far as prac ticable through local institutions, tho Go vernment granting pound for pound. If this proposal should meet with the approval of the committee, I shall havo to increase the £40,000 for hospitals and charitable aid, which I mentioned as included in my esti mated expenditure to £70,000, thus disposing of £30,000 of tho surplus. The balance then of £118,544, which I said would probably be to our credit on the 31st of March, ISB3, will bo reduced by this means to £88,544. BELIEF TO THE TAXPAYEK. I will now turnj Mr. Hamlin, to the Con sideration of the question. What relief, if any, can be given to tho taxpayers of the colony? We have now only a surplus of £85,544 as a margin, after making the temporary provision I have just pro posed for tho services of tho year, which aro not of a permanent character, amounting to about £100,000. With such a surplus we might, if we did not intend as we do, to go upon the London money market early next year for a further lean, to continue our Public Works scheme, safely reduce taxation by at least £50,000, but taking all tho circumstances of the caso into considera tion, I do not think it wonld be prudent to reduce taxation at present, if it be deter mined to borrow more money toonableus to completo our main lines of railway. It will obviously be necessary to continue taxation at such a rate as will en sure an amplo margin of revenue to pay interest on the money borrowed. Taxation must, as a matter of course, remain at a high rate until the works now being constructed out of tho loan are completed, and have had time to become reproductive. Sir, we feci assured that what the House desires, and what the country demands, is steady progress with our public works. That wo should pay our way from year to year, and not again fall into debt for current ex penditure, and although we are apparently raising leas revenuo this year than will cover our expenditure, it must bo borne in mind thatthe temporary and extraordinary services which are this yearbeing charged againßt the revenue, amount to more than the difference between expenditure and revenue, and tho use of a surplus for suoh a purpose is quite legitimate finance when there is ne reason able doubt that neit year's revenuo will bo ample to.provide for tho service of the year. ESTIMATED EXPENDITORB AND RKVENUE FROM THE LAND SALES FOR 1882-83. The estimated expenditure chargeable against tho Land Sales Fund is as follows :— For charges fixod by Acts of the General Assombly, £41,500; for the Grown Lands Survey and Mines Department, £153,800; tho receipts from land sales are estimated to reach £350,000 for the current year; adding to this sum the balance at the begin ing of tho year, £11,360, and deducting the estimated expenditure, £195,310, we have a balance romaining of £170,950. The ques tion of the disposal of this balance must be postponed for the present, until the Legis laturo has determined what form of aid shall be given to local government, in refer ence thereto, which will be submitted, when I introduce the Bills which havo been pre pared for dealing with this subject. LOCAL INSCRIBED STOCK. It will be in the recollection of hon. members that last year I intimated to the House the intention of the Government to submit for consideration, a Bill authorising the issue of part of a loan of £250,009, the principal and interest of which would be payable in New Zealand only. Circumstances prevented the Government from giving effect to that intention during the last session of Parliament, but steps are now being taken to prepare a Bill, which will bo submitted f*r the consideration of tho House in the current session. I have drawn the attention of tha committee in a previous part of this state ment to tho very largo accumulations of monoy in tho Savings Banks in tho colony, and the Government think, as I remarked on the statement I had tho honoitr to make last year, that many of the depositors of this money, as well as the publio generally, might bo glad of a more permanent form of investment, if ohe can be provided, which is at tho samo time - secure and easily convertible into cash. I propose, aa before, that the loan shall bear interest at a rate not exceeding 5 pei[ cent., and that the proceeds shall be paid into the public works fund, to be appropriated by Parlia ment. I also proposp that the loan shall be issued in the form of inscribed stock, with right to the subscribers to obtain at anytime when desired bonds payable to bearer of £10 and upwards. The Government believe that securities, such as those I have described, will find favour with the public so soon as thoir nature is generally understood. The loan will be disposed of gradually as it comes into favour, the object of .the Government not being to obtain funds for expenditure, but to provide a class of security for the in vestments of savings, which seems generally to be desired, and is likely to have a very beneficial operation. ■ . INCIDENCE OF TAXAHON. I should now lilfc, _\lr, Hamlin, with, tho permission of the committee, to any a few words about a question which I think well worthy of our attention at the prescut time viz., tho incidence of our taxation. Does our present taxation press unfairly uponl any particular class, and especially upon that class which is the least able to bear it? Because if so, although we might not be able ►to reduce the total amount, we jnigh&J

be called upon to shift the burden from the weak to other and stronger shoulders. I have, Mr. Hamlin, been looking into this question of the incidence of taxation in order to ascer tain the amount borne by the different classes, so that relief might be given, if necessary, to those upon whom the taxes appeared to press tho most heavily. I will state broadly, for tho information of the committee, tho results of my inquiries. Referring hon. members for particulars to table No. 9, published with this statement, the results of my inquiries i seem to mo to show that our taxation is, upon the whole, fairly distributed over the community, although what is fair in such a case Is a proper subject for discussion, and is a question upon which there may bo a great diversity of opinion. For the purpose of comparison, I have divided the popula tion into threo classes, which, for the object I have in view, may be considered natural divisions. First, the wage-earning class, which I shall hereafter, for convenience, call the industrial class, consisting of 312,436 souls, exclusive of 11,9*04 domestic female servants. Second, the intermediate class, numbering 96,260 souls. This class is composed of all those who are known by the census as not belonging to the industrial class, and who do not pay property tax; and third, the class which pays property tax, consisting of 09,445 soul*. The total taxation npon which my calculations are based, for what we term taxation proper, as distinguished for what is paid for services rendered, is £1,717,748. This was made up as follows i—Customs, £1,276,100 ; stamps (not including postage stamps), £126,148 ; property tax, £257,600. From the Customs duties I deduct the duties paid on wines, spirits, foreign beer, and tobacco, sugar used in brewing (£3493), and the amount (£5512) estimated to be paid by the Maoris on general Customs, and also the duty paid on cotton piece goods, which are now free. These amount in all to £683,794. I make these deductions, because with the present inform., tion at my disposal, it is impossible to apportion to each eiass the expenditure under the head of wines, spirits and tobacco, with any accuracy, and because the other articles enumerated do not come within the scope of the inquiry, but I have no doubt that if wa could make now a true distribu tion of the amount paid under the heads of wines, spirits, and tobacco, we should find that tho intermediate and property classes pay a large share, and that the relative proportion between tho three classes, which 1 am abont to give, would be but little, if at all, changed. I assume, of course, a moderate use of these articles. If used in excess, it is impossible to say which class may pay most, but 1 think it Will b« generally ad mitted, or, at any rate, ought to be admitted, that those who use spirits or tobacco, or any other articles in excess, to whatever class they belong, are fair subjects for heavy taxation. Now, I havo received from sixteen of the chief towns of the colony, trustworthy information as to the actual expenditure of a large number of mechanics and labourers. I have compared the expenditure so obtained with the expenditure of the same olasses in England, and find only such differences as the change of circumstances would lead on* to expect. I think, therefore, we may take these returns as approximately accurate for practical purposes. I believe that further information which I am collecting will generally bear out the results now given, and that any error which may be found in my estimates will be in the direction of a slight over-estimate of the amount paid by the industrial class. The returns to which I havo alluded show that the averago amount paid the State by families of the industrial classes average ids Cd per member, or a total of £214,522 for the various families. This estimate is mads from the actual exponditufeof fifty-six typical families, residents in all parts of the colony, but to this amount we must add the duty, £51,246, paid by 49,355 single men, equal to £1 0s 9d per head, and the duty £3983, paid by single women over 18 having occupation*, equal to 19s lid per head. The aggregate of these amounts is £269,741, thus giving an average over the whole class of 17a 3d per head. But to this, amount we must add £10,311, being.the duty paid by the 11,903 domestic female ser vants for drapery at 17s 3'9d per head, thus giving a sum of £280,062 as the total tax ation paid by the industrial class, exclusive of course of the duties on spirits, wines, &c., tobacco, and colonial beer. I have included all domestic male servants, and the married couples at service, as paying in the industrial class, although probably the chief part of their consumption ought to be credited to the intermediate and property classes. This, I need hardly remark, makes no difference to the average rate per head, but only the total paid by the class. .1 have, following the beat authorities on this subject, included the duty payable on articles consumed by domestic female servants, except wearing apparel, in the amount paid by the inter mediate and property classes. I have said that the total amount paid by the industrial classes is £280,062, and that this amount is ascertained, by means of the actual expendi ture, by fifty-six families in various parts of the colony, and that these returns have been carefully checked by comparison with the expenditure of the same class in Eng land,' proper allowance being made for the difference In the circumstances of the two populations, and also by one considera tion of what It ia possible for this class to spend on dutiable goods after providing from their earnings for the other necessaries of life, and for house rent. If we now deduct £280,062, the amount paid by the Industrial class, from the total duties which we are now considering, we get £312,343 as the Cus toms duties paid by the intermediate and property classes. This amount,' after care ful consideration, I have divided at an equal rate per head between the two classes last named. This will givo per head for i each of these classes £1.17a lid. The total reronuo collected for stamps, exclusive of postage stamps, is £126,148. This I have also divided at an equal rate per head be tween the intermediate and property classes. This means, for each member of the inter mediate and property' classes, 15s 4d per. head. I think there can be no doubt that these stamp duties are paid by these classes. It is possible that a small amount may be paid by the industrial class, but it is so small that it could not appreciably affect the results as between the various classes. We find, then, that the stamp duties paid per head by the intermediate class, is 15a 4d, nnd the Custom* duties £1 17a 114. This gives £2 13s 3d as the total sum per head paid by the intermediate class, and a totaljfor the class of .£236,272. The property class, I have_ assumed pay an equal amount per head with the intermediate class for stamps and customs. They however paid with the property tax, at a penny in the pound, which it was at the time to which my calculations relate, £31 5s 9d per head for that tax, making a total per head of £6 8s 6d, or a total, for the class of £439,819. With the property tax, however, at one half-penny in tho pound, the amount paid per head by the property class, would would only be £4 103 10Jd, or a total for the class of £310,719. To summarise, then, we find that the industrial olass, consisting of 312,436 souls, exclusive of 11,903 domestic female servants, pay '£269,7.51, being at the rate of 17s 3d per head, or, including the drapery duties paid by these domestic ser vants, £280,062. The intermediate class, consisting of 96,260 souls, pays £256,272, or £2 13s 3d per head ; and the property class, consisting of 68,445 souls, pays £439,819, being at the rate of £6 8s 6d per head; that is with the property tax at Id, but if we take that tax at Jd, they pay £310,719, or at the rate of £4 10s 10Jd per head.' These amounts are, as I have already said, exclu sive of the duties paid from spirits, wines, tobacco, and colonial beer, and do not in clude, for obvious reasons, that part of our so-called taxation which is paid for by each class in proportion to tho use for the ser vices rendered by the State—such as post office, telegraph, court fees, &«. Hon. mem bers will, I hope, understand that, in speaking of the expenditure at per head, I only use a form of expres sion so far as the intermediate • and property classes are concerned, indi vidual expenditure being widely different according to means and habits ; but with the industrial class, the difference is not so wide. With taxation it is, of course, impossible to meet individual cases in apportioning the taxation of the community; we must take a wider view, and deal with classes, considering their circumstances aud numbers. It is difficult to exaggerate the importance of this subject, for badly adjusted taxation, means ■ undue exaction from some class, or classes, which cannot fail to be detrimental to the community as a whole. On the othor hand, fairly adjusted taxation means that the pub lic burdens are borne with as much care as their extent will permit, and I would express the hope that this question will receive the careful attention of hon. members, and-of all interested in the public welfare throughout the colony, bo that when our financial posi tion permits we may deal with the subject on broad and intelligible principles. PROPOSED LOAN. I have now, Mr. Hamlin, only one more subject to deal with, but although last it is by no means least in importance I refer of course to the question of a now loan. Wo have first to consider whether a new loan is advisable this year, and, secondly, if tho first question is answered in the affirmative, liotv much will it be desirable to borrow ? I now, with regard to the first question, in order to arrive at a reasonable conclusion, consider the state of the publio works fund, Bud the wnpuati we cm. prudently expend'

per annum. I have already said the balancd in the pubhe works fund on the 3lst Maroh last was £924,865, without the standing liabilities. At that date there was due'on contracts let, £541,400, exclusive of the liabilities on the land purchase «0 count, for which we must at least havo £100,000, so that in addition to the £541,400 which is in course of expenditure under existing contracts and authorities there only remained on hand at the begin! ning of the-financial year about £283 465 for the continuation of the works already begun, and for new works for which liabih ties have not been incurred, or appropria tions made. We thus see that if no authority for a further loan is granted this year, our spending power on public works for _ one year and three-quarters, after paying for tbe outstanding contracts and engagements to which I have referred' will only amount to £283,465, because if a Loan Bill was passed next session, the money could not bo raised before about December, 18S3-, and the Government are quite determined not to enter into engage. monts in anticipation of raising money at any particular date: The question, then, narrows itself to this . Is it prudent at the present time, and nnder the present circum stances of the colony, to borrow again, or ' ought we to be satisfied with a total expendi ture of £924,865 in the 21 months com mencing with the current financial year 1 . Sir, the Government are fully aware of the responsibility they incur in placing before the committee their answer to this question. They recognise clearly the principle, that before the public debt is increased the gain to the colony shall bo seen to be more than commensurate with the increased liability, and thoy believe that a case within this rule has now arisen. They think that our ordinary finance being restored to a satis* factory condition, and our main trunk lines ■: of railway being still incomplete, it'is now prudent to raise a fresh loan for tho purpose of completing these railways, or carrying them a stage nearer to complex tion, and for certain other definite and im portant public works. In this opinion the Government are strengthened by the fact that the railways already made aro new pay- r lng practically 4 per cent, annually on the amount expended iv their construction, and that they are steadily improving in this respect. The Government, therefore, Sir, recommend that a loan should ba raised, but only if the money can be borrowed at a reasonable rate el interest, and the authority of Parliament will be asked to empower the Government, if neceßsary, by postponing works',- bo as te arrange the expenditure as-to enable them to wait for a favourable market. We have now to-con aider what amount should be raised, and this must be decided by two considerations. 1. The amount which can b« profitably ex pended on the Heoesaary ,or directly repro ductive public works. 2. Tho amount upon which we can afford to pay interest without placing undue burdens upon the people of tho ' •oltßy. New, I am afraid that there are so many necessary er directly reproduc tive pnbli* works only waiting to bo done for the wast of cash to do them, that we shall find no practical limit in that direction, and in this fact lies, no doubt, the causa of our far too lavish ex penditure in the past, From tho past we ■ should take warning, and proceed at a very muoh more moderate pace than we have been going upon the average for the last 10 years. We must confine ourselves for the future in the expenditure of borrowed money to works of necessity, or to works which are directly reproductive, and strictly limit tha amount spent yearly upon such works by our capacity to pay the interest with tolerable ease. It is in the opinion of th* Government of great importance that the colony should steadily pursue a progressive policy, and that our main trunk linos should be pushed on as vigorously at is compatible with the means at our disposal. The Government then, taking into consideration all the circum stances of the colony, and acting upon the Srinciples which I have just laid dawn, have etermined, Sir, to propose to Parliament a loan of £3,000,000, to be raised and expended at a rate not exceeding £1,000,000 per. annum. My hon, colleague, the Minister for Public Works, when he makes the public works statement will inform the committee in detail of the items *f the ' proposed expenditure, and of the mode by which we hope to confine the expenditure to specific words determined npon by Parlia ment before the money is borrowed. v The Government attach great importance to this provision of the proposal. It is, I think, clear, looking at the experience of the past that if our future borrowing is to be governed by that prudence which is essential, wo must carefully consider what works we aro justi fied in constructing, at what rate of speed they should bo constructed, and at what cost to the State. When we have determined these conditions we are then in a position to decide upon the amount to be borrowed. Upon these rules of conduct, in this matter, which I am sure will meet the hearty ap- Eroval of the committee, tho Government aye acted in arriving at the amount which they propose shall be borrowed. CONCLUSION. And now, Mr. Hamlin, I have done. The committee, I am sure, will not be disap pointed at the shortness of the statement, when it remembers that this is the natural and appropriate result of the simplicity in keeping the colonial accounts which we have been - able to adopt. I will only add one word. In 18791 stated to the committee fully and fairly the position of the colony, neither concealing nor exaggerating the grave diffi culties which had then to be met, and I pointed out the obvious remedies. That statement has often been characterised, especially by those who had taken least trouble to master it, as too darkly shaded— —as being too gloomy a view of things, though it has never been attempted jto disprove the facts and the figures which- I then adduced. Sir, I venture to say that, except so far' as the gloom - Was in the facts themselves it never had any existence. It certainly was not of my im porting. It was prudence, not folly, to look our difficulties in the face. It would have been folly, and not prudence, to doubt-that wa could overceme them. The Government : and this House had fnil confidence not only in the abounding vitality and vast resources of the colony, but (which was ao lees im portant) in the willingness of the colonists to make the neceesary eaerifieca, and confidence .has been amply justified by the facts- I have Just had the honour, to lay before tho committee, and as prudence and economy, and a cautious and well considered advance In public works, as funds became available, was our rule then, and has been since, so it should _ be now and in the future. I have full con fidence, Sir,..that, following that rule faith fully, we shall not only maintain, but as the resources of the1 country become developed,' we shall steadily increase the present satis factory condition of our finances.

TIERNAN'S FREEHOLD G.M. COMPANY.

♦ - The first annual meeting of the share holders in this company was held yesterday. From the directors' report, which was read, wo gather that 30 tons of quartz,were crushed during the year, for the yield of 26Sozs 12dwts gold, which realised £764 9s. This sum was absorbed in working the mine, and rather than make a call without consulting the shareholders, it Was de cided to temporarily suspend operations. The prospects of .the mine were stated to be still very encouraging, and the direc tors hoped that means would be devised to enable them to' resume operations.' All the directors retired from office according to the tules, but were eligible for re-elec tion.—The mine manager's report, which was appended, contained the opinion that It would be best to re-commence work on the main reef. He drove 14ft. there, and the stono showed strong colours of gold. He recommended that this drive he continued for a distance of 150 feet, should the ground conthiuo as at present. The work could be done from 125,t0 14s per foot. If arise were then put np to where he got the gold before, he believed good gold would be mot with, and the whole block opened np would yield handsome returns. Tbeie was on hand at present about five tons of quartz, and 201bs. picked stone, which should yield abont 10 ounces of gold. The statement of receipts and expenditure showed that £764 9s Sd had accrued from the sale of gold, while wages and other ex penses had amounted to £760Ss ._, leaving a balance in bank of £4 Is 2d.. It appeared from the balance-sheet that the liabilities, consisting of secretary's .ealary, etc., were £35 3s 4d, while the assets, including estimated value of mine, £2,000; balance, £4; tools, trucks, &c, £50; and quartz and' stone on hand, amounted to £2,079 1b 2d, tho balance to credit being £2,043 17s lOd. The reports and balance sheet were adopted, The following gentle men wero elected directors : Messrs James Prater, A. Saunders, Harris, Gibbs, and Brodte. The meeting then terminated. At a meeting of the directors, held subse quently, a call of 6d per share was made, it being the determination of the directors to work the ground vigorously. Mr Francis Ticrnan was re-appointed mine manager.

Printed and Publshed by the Proprietor, Henkv Bbxtt. of Bymonde-Btreet. at his General Steam Printing OOoe, Wind ham street. In the Province ot Auokland New- Zoalanfl. 1 SiXPBOAT, Juki lj, 188% >

WBM AUCKLAND KVEMNtt STAR, JUNE It



■ \ m^tmmm^^M fi£_ m _ m _ m _ m __mßmm—mt V t Auotiona . 1 * COCHRANE.] IJAMKSDACBK ...W^ MONDAY, JULY 17. ..'-'•' /Order of the Commiasioners for Publio / 'Reserves. SEVEN ACRES AT EPSOM. TO BE LEASEd"fOB TWENTY-ONE XEARS. THE suhsorilDew will Lease by auction, at their Booms, Forwfaeet, on Monday, 17th July, at 12 o'olook, THE LEASE FOR A TKUM OF 21 YEARB of Lot 2U .Section 11. Suburbs of Auokland, containing 7 acres 1 rood, ■* adioinmg Mr Gardiner's property, Epsom. - For Conditions of Bale and further particu lars apply to SAMUEL COCHRANE & SON, ~. ," I Auctioneers. W. fl. COCHBANBJ [JA3. DACBK MONDAY, JUNE lv. MLLIABD TABLE AND SITTINGS. PIANOFORTE, HOUSEHOLD FURNITURE. At the Ilagstafl Hotel, North Shoie. THE SUBSCRIBERS will sell by aue tlon,afthe FlagstalT Hotel, North Shore. en Monday, 19th instant, at 11 o'olook, THE WHOLE OF THE HOUSEHOLD FUBNITUBE, consisting of— BILUARD TABLE, with Cues, Balls, Marking Boards, Backs, Bests. Seats Blx-llght Chandelier, Linoleum, Oilcloth, Pictures, &c. BITTING-ROOM-Planoforts, Couches, Halr soatod Chairs, Arm Chairs, Mlrrorp, Lustres, Carpets.Tabl. s, Ploturoß, On-.tainß, Fenders, >■ &0_ DINING-ROOM—Chairs CholTonlers, Oilcloth, Qlaaaware, Dlunorware, Clocks, China, Dining Table, Cruets, Platedware, Table Linen, Cutlery, &o. PARLOURS—TabIes, Mirrors, Couches, Chairs, Pictures, Cartalnß, Carpets, Grates, &o, PASSAGES-Mattlng, Oilo'.otb, Mate, &o. BED-ROOMS (13) — Bedsteads. Mattresses, Paillasses, Bedding, Cheats Drawerß, Dress ing Tables, Mirrors, Jb'eather Bed, Sheets, Plllowb, Washstandß, Toiletware, Carpets, Curtains, Spring Mattra .bos, &c. KITOHEN— Range. Boilers. Saucepans, Uten sils, Crookery, Mangle, Sco. BAR—Mecsures, Bcor Engine, Screon, Clock, Glassware, Seats, &c. SAMUEL COCHRANE & SON, Auctioneers. W. 8. COCHRANE!. |JAS. DACBK MONDAY, JUNE 26. FORTY ACRES KAURI FOREST LAND. PARISH CF KARANGAHAPE. THE subscribers will sell at their Rooms, Fort-street, on Monday, 20ih Inst., at 12 O'clook, BAST-PORTION LOT 93, Parish of Ksran gahape. containing 10 acres, tituate about IJ miles from the Htiia, Manukau Harbour, and having a largo Quantity of Valuable Kauri Timber growing.there on. SAMUEL COCHRANE & SON, Auctioneers. W. B.'COCHRANE uAS. DACBB MONDAY, JUNE 26. -FREEHOLD INVESTMENT IN WYNDHAM-3TEEET. ALLOTMENT IN BERKSFORD. 'STREET. * rfIHE Subscribers have received iustruc- X tions to sell by Publlo Auction, at the Lend Mart, Fort-street, on Monday, 20th Inst, at 13 o'olook, . • THAT VALUABLE FREEHOLD CITY PROPERTY, being Part of Allotment 1. (.eotion 18. having frontages of 80 feet 5 inohes to Wyndham-Btroet and 19 feet to Cfaapel-Btreet, wlta an entrance from Albort-Btreot. Tho bnildlnßS comprise Vive Large Shops and Dwellings, all In ' good order, having recently been covered with a new roof of iron, nnd oonnected with the main sewer. They now yield . - the low rent of £18112s a year. Also. . BEBEaFOBD-STREET - Allotment 1. of Fart of Allotment 7, Seotlon 17, City of Auokland; 33 feet to Beresfort-street, BAMUEL COCHRANE & SOF," Auctioneers. MONDAY, JDNE 19, At 11 o'clock. TO BE SOLD BY AUCTION, AT ARTHUR'S MART, Queen-street, THE PAWNBEOKEBS' BUSINESS known as the GLASGOW LOAN OFFICE, KlUott-Btroct, And, immediately after, THE UNREDEEMED PLEDGES _- NOB. 2-DOSG Watch 12th July, 1881 iv. 108-Overooat; 19th July 121—Overcoat; 2lßt July 290—Man's Coat; 13th Angust , 222—TronBers and Vests; lat August 600-Haby Clothing: 22nd November 1017—Lady's Velvet Jacket; 4th March . , With all tho other Unredeemed Pledges, MONDAY, JUJSE 19. POKENO CATTLE SALE. ABOUT 60 HEAD CATTLE lARDED. ALFRED BUCKLAND. O THCRSDAY, JDNE 22. THE REMUERA YARDS. TfjIOR SALE, at the Bemuera Yards, Ju— on Thursday, Juno 22nd, at 1 o'olook, 180 Head Woll-fatted CATTLE, inc'.udlng -82 Oxen, from Matamata 20 Grown Steeis, from Fenoouit 10 Waitara Steers .600 Weil-fatted Wethers i ! . Dairy Cowa, Store Cattle Fat and Store Figs ALFRED~iuCKLAND. WEDNESDAY, JUNE 21. DRURY CATTLE SALE. * *:.BOVE 200 HEAD, comprising Dairy -XJLi .Cows, Springing Heifers, Calves, Yearlings, two and three-year-old Heifers and Hteers. m ALFRED.. BUCKLAND, . TUESDAY, JUNE 20, JU.N CTI O N YAR DB. "Ifioß SALE at the Junction Yards, on X? - ' - Tueßday next. , 25, Prime Fat Oxen, from Sand Hills ■ 20 Fat Bullocks, from Waitara 60 Fat Oxen, from Waikato and nelghhour - ''•■j\_ IWOd ": 800 Prime FatSheop. fromGUborne SCO Fat Sheep, from Waikato 21 Dairy-fed Bacon Pigs, from Waitara . At 1 o'clock p.m. HUHTER & NOLAN. WEDNESDAY, JUNE 21, <k_'-_i NEK, A L IB APE XV I GABEIEL LEWIS WILL sell at his Rooms, opposite Mossrs Thornton, Smith and Firth's Mills. Lower Queen-street, on above date, at 11 oolook, 30 t'ABK3 OE ABOVE. . ■ Particulars In future issue. TUESDAYS, IHBHAYM A B X X T, SALE OF WOOL,' SHEEPSKINS, hides, and ITALLOW, eaoh Tuesday, at iso'oioosu: -.'-■".■ ' ' -ALFRED BUCKLAND. •pOVEKiY BAY RYE GRASS SEED! A Veiy Bttnerlor Sample of PURE UN MIXED POVERTY BAY RYE GRASB SEED for Sale at Lowest Market Rates. -/—;^; j aUNTER'& NOLAN, -ii f/-' _tJ'" . ■ I M Medical. " .__-' I . _: - IISTABI-.'SHKO lOCS, Typß i _,' TEA FFOB D, ; ; " ''"'.'.''"'WgHßgOH DENTIST WAK-Hn2XD-EJ3-._r.tr?, WHAM fj,VES_-t~S_~i, Painless Estractlon of Tseth bj Uts Oxlda , „ ~ i ....-. Nltrogan Gas. ■■ r Pwlfltialonal, gonre-fl a.m. Mil 6 o.ta. J* M is a . a . _\ _i_ ' QHjSMiaT AND DRUGGIBT, -t HOUsoM-axjjjorx, Wl*m IK>i > Ws__MmTQ_-SSW___



Government Land-Sales. OUBLIC NOTIFICATION, POSTPONEMENT OF LAND SALE. Crown Lands Offloe; Auckland, lat Jnco, 18S2. I haroby notify that tha Salo of Lands In th< Maniatutu Village, in lilocks VIIL, XL, anc XII., Makotit Survey' IHstiict: in Biook V. *nlhl Survey District; and in the Parishes o: Te Papa and Kutikatl. advectiaod to take ploct at. tho aurvoy Office, Tauranga, on Monday, th. 12th day of Juno In3tant, has boon PO3TPONED TO WKONK3OAY, TBS 28th ISBTAST, at tho samo hour and place. D. A. TOM. Commissioner Crown Lindsi PUBLIC NOTIFICATION, RURAL LANDS FOR SALE ON DEFERREE PAYMENTS. Auckland Land District. Crown Lands Offlco. Auokland, 22nd May, 1833. I hereby notify that tho lands enumerated In tho tohednlo hereunder have been act apart foi sale on deferred payments.and that WEDNES DAY, tbe 21st day of June nest, has been ap pointed as the day on which tho said lands shall be open for application, D. A. TOLE, Commissioner of Crown Lands, schedule. Pukkroa Block, nbar Maketu, Bay oj Plenty. waihi sorvkx disteiot. Sec. Area. Upset Price. Blook A. b. p. £ s. d. 11, 1 220 2 0 330 15 0 2 201 2 0 SOS 15 0 3 lfiU I) 0 211 Id 0 i nu o o ion 10 o 5 162 0 0 213 0 0 G 219 2 0 329 5 0 8 ll!3 1 19 155 5 0 9 123 0 0 183 0 n 10 101 0 0 150 0 0 11 175 2 0 1(150 12 133 0 0 199 10 0 13 llil 0 I) 211 10 0 11 3JO 2 0 150 15 0 15 151 0 0 226 10 0 1G 152.0 0 22S 0 0 17 213 0 0 319 10 0 19 211. 2 0 362 5 0 20 191 0 I) • 286 10 0 SI 27u 2 0 111 15 9 The main road from Makotu 'and Tauranga to Whakatano and Opotlki passos throngs the above blook, whloh Is distant from Tau ranger 23 miles, from To Puke 111 mi'es, and from Maketu 9} miles by partly formed roade. The road from Ealkokopn to tho Manlatohc village and onwards, through: the block, being now undor construction by Government. Description of Land.—Section I 72} aoroe flood swamp land ; 2, 62} acres good swamr and; 3, CdJ actus good swamp land; 1, 30 sors-i g«od ijswamn land; 5, 7} aoroe good swamp land; 6, 29} aores good swamr land; 8. 63 aorea good swamp land; 9, 21 acres good bwbop land ; 10, 11 acres good swamp land; 11,10} acres good swamp land; 12, 11 aores good swamp land; 13. 11 acres good swamp land; 11, -17} acres good swamp land; 15. 31 aores good swamp land ; 16, 11 tons good swamp land; 17, 9 acres good swamp land; 19, 15 acres good swamp land; 20, 57 acres kooci swamp land; 21, 112} acres good swamp land, remainder ot section- open undulating few land, soil rioh eant'y losm. Note.— Applications for the abovo lands will bo reoelved at this office, and at the land Offices at TauraEß:- and disbar no. In tho event of moro than ono application being received for any one Rcotion, tho right to occupy tho same will be d_ dried by publl* auc tion, on MONDAY, tho 26th day of Jnne, 1882, at 1 j o'olock noon, at the land offlco at Tau ranga. Nots. —Plans of tho above lands may bo t con on application at this alticc at tho land offlcee Tauranga and Glaborne ; at the offices ot the County Councils, Tauranga and Whakatano, and at all the principal Land Offices in the colony. CONDITIONS. No person oan select more than one seotlon, Dsposlt of one-twentieth of the price of the land to bo tendered with application. Payments—Twenty equal Instalments, pay able one each on Ist January and Ist July ol eaoh year for 10 years. Improvements — Seleotor must brim. Lite cultivation not 10-s than ono-twentioth of area the first year, one-tenth the second year, and in six years must have cnlttvited ono fit th. and effected pormanent Improvements to the value Of £1 for every aoro. The solector has the option, at any time after the first thrao years, of di. charging all his ob ligations by paying up the bal.nco of tha pur ohase money in one payment, provided ho ha. effected the improvemsnts. Residence on tho land by tho selector is com pulaory for a period ot six yeara from tho Issue of license. T>UBLIC NOTIFICATIONS. RURAL LANDS TO BE OPEN FOR SELEC TION. LAND DISTRICT OF AUCKLAND. Crown Lands Office, Auckland, 2nd June, 1883. I hereby notify that the Rural I anda men tioned in the soheduie hereunder will be open for Beloctlcn at this offlco on TUESDAY, the Ith day of July, 1882. D. A. TOLE. - Commissioner of Crown Lands. SCHEDULE. RAGLAN COUNTY. PAKISH Olf WHANCHPS (Near Churchill). Lot Area. Upset Pries. A. it. p. & s d 80 212 0 0 213 0 0 81 171 0 0 171 0 0 82 298 Oil 216 0 0 HOBSON COUNTY. PARISH CF KOPURU (Northern Wairoa). Lot, Area. Upset Prico. __.'._. A. R. P. £ I d W. pt. 35 90 021 2_ II 3 IB 77 0 i 19 C D S.E. pt. 47 51 317 13 15 0 91 110 2 25 35 3 9 95 20 0 0 5 0 0 96 20 0 0 6 0 0 101 SCO 0 0 75 0 0 ICS 1.0 0 0 25 0 0 197 300 0 0 75 0 0 107 109 1 32 47 17 8 Terms of Sale: - One fourth ol purohafic money to he paid at time ot application, and the balance within ono month thereafter, other wise the part of the purchato-monoy paid by way of deposit shall ha forfeited, and tho contraot for tho Bale of the land shall hencefor ward be nnll and void. Crown Giant feo to be paid on completion ol purohase, AJfcSt' OUBLIC NOTIFICATION. Crown Lands Offlco, Auckland, 2nd Jnne, 1882. Under and in pursuance of the nowors vpsted In tho Land Hoard, by •' The Lind Act, 1877," It is horoby notified, that the rural lands men tioned in the schedule hereunder will be open for Bolootlon undor tho " Homestead Syßtotn," on TUESDAY, the 4th day of July next. D. A. TOLE, , -. Commissioner of Crown Lands. SCHEDULE. Bay of Islands County. CitAiHAtr Block. — 10C0 Acres Urst-oIaBS Land, .applications for this land to be made to Captain Burleigh, at Okalhau. WIIANOABEt COUSTr. OPffiWHANOA Block (near Helena Bay). ---1000 Aotea Bocona-cloßn Land. Applica tions for this land to be mado to Mr J. J. Wilson, Whango-rei. Hobson County. • WAiRAtj Block —1000 Aores second-class Land. Applications for this land to be mado to the Chairman of the Wairau Diatrlot Board. Forms of application can bo obtained, nnd maps of the linds inspected, nt this Office, nnd at the Reaidenoes Of the Ountlemon named above. B Oonsmitli. BaVITX, OunesaKer, 244, Queen. 4 street, Anokland, opposite the Market house. Bstablished, BO.—Always In Stock an« to arriTS by direct importation trom England made to advertisers own order,—Chokebort Breech-loading Guns. Double and Single Mnsulfr loaders; Bseeoh-lor.dlng Revolvers, Breeoh-load lng Rook and Rabbis Rifles, Game Bans, One Cases, Powder Flaaks, Shot Poaches, and evorr article necessary to complete tho outfit of s sportsman. An assortment of evory doacripUoE of Revolver Cartridges, nnd aU tha best Brandt In Sporting Powders are imported direct from tha mnketß by fts advertiser, who oan easrantoothslrgood(suflll.y. Cart/43ge_ifor Q_ Enfield, Balder r.r.. Tony PJBoa. Metallic Cnrtrldgs Cas»3, Chills:! ti'aot _usd other sped. clitics always- en hand. Co'-ra.ry dasiszsi liberally deal. ir_eh.Ga.___ r.e-stockoi.Bro'Wiicd, etc. sndoveryothK7._i.idof Flremrc Unpaired nt reaonaW.e prices . Notice.—Jus. to hand, * lot of good Bervlcoibls C, F. Chokebore Breoch looding Guna oheiip. The largest stock le Auckland ro oboes* from. Aleo.ln trtcek, n atiio uxotttmon- ot Fhcuwufia .1 Kia ibe»» neuter. .>j_\_-__.3_-



Business Notices. THE HA YMAR XE T, 105, QUEEN-STRKKT, AUCKLAND. ON SALE, ABRtVED FSB COBOMANDEL AND ROMAN EMPIRE.- Whlto Clover, Red Clover, Alaylre Clover, Cow graas. Meadow Foeoue, Meadow Foxtail, Crested Dogstall, Rape, Trefoil urn Inoainaium (Soarlot Clover). | FROM AMERICA DIREOT- Titnothy, Kentnoky Blnegras* (Poa Pratensls). 9 Poverty Bay Ryegrass, Canterbury Ryegrass. 0 Cocksfoot, Fratriegraes, Rattoll. 1 EARLY SEED POTATOKO, AH FOLI.OWB I— Asliloaf Kidney, Taylor's Kidney, Canter bury Flukes, Patterson's Viotoria. LATER VARIEriES-Hobart. Button's Mag aura Bonum, Sutton's Flower Ball, etc Also, Oats, Barley, Garaen and Flower Seed. Coarse, Fine and Rock Salt, Bran, Sharps, New Zea land Flax, Tow, Bacon and Hams. BONEDUST and BONEFLOUR . of all grades. ISLAND AND PERUVIAN GUANO, SCO., SCO. ) HESKETH & AITKEN. \AT H. SKINNER & HON, W • BUILDERS, CARPENTERS. AND JOINERS. VUtOAN LANE. ( All Bronchos of tho Bnildlng Trade executed by Experienced Workmen, : Shop Fronts. Offlco Ftttlng^fco. /I 0 A L I COALI COAL! WHAU WHAU COMPANIES, WHANGAREI. r OFFICE i NO. 8 LOWER QUEEN-STREET.I W. SLO A N E, AGENT. TAIT BROTHER!* MARBLE AND FItHKSTONK MASONS Monuments, Head-stones, Tombs, and Iron Tomb Railings. INSCRIPTIONS kxkoutxd IN A SUPERIOR BTtTM. Prices and Dseibrs FREE on Application, Aansucse t— . CORNEB Of Rutland and Lornb Stbsktc auckland Wear Jnnotlonuf Oneenand Wakefleld streets AUCKLAND PICTURE - FRAMINO AND GILDING DEPOT, ! J, R..DKCOURCEY Begs to notify to his old friends and the gene J publio that he has undertaken the Management of tho above Establishment, where GILDING, 3 ) PICTURE-FRAMING. MOUNTING, fcft. In 3 oil Its branohes will be undertaken at prloe* J defying competition, ,' EgTIMATKS GIVEN. 1 A Largo Stock of Mouldings, Ploturo-framlng i Materials, and Pictures of every description . always on hand. queen-street, 1 Junction of Wakefikld-btbkkt, 1 fljilSld-KR AND CO. (DIMITKDjii t 3. WHOtBtMU SHIFFINQ SC FAMILY P.aTOHEKS, Qneen-street (noxt Bank ot New Zealand, Auokland), — Poultry of all klnds 1 dressed 'to order. Prime Smoked -Tongues, > Homo-cured Baocn, Corned Beef on Sale In ■ Large Quantities. —N.B. —Dealers In Game. > Llvo Pheasants forwarded to all parts ot the - Colony upon receipt of order. Families waited on in town or suburb/" A M a S STEWART. CIVIL ENGINEER > AND AUTHORISED SURVEYOR. J COBHBB OF SHOKTLAND AND O'CONNBLL- BTB£ETH, JOBN BOTLAN, O.K.] [ROUT. LONDON, O.K. OOYLAN AND LUNDON, • O CIVIL ENGINEERS, i Licensed Land Tbansfkb Survkyobs AUTHORISED NATIVE LAND SURVEYORS, - ENGINEERING AND QUANTITY SURVEYORS, [ COLONIAL BANK BUILDING, ADOKLAND. | SUPERIOR CORRUGATED TA»K* >S,PA R X E R HAH FOR SALB a number of the above, with Tap ready for use, _1 and upwards, At. his Steam Works, Viotoria-stbhot, or hia Shop Wi_____Es._.«_r-_rri. est. J Lorse quantities ol Spouting, Ridging, and Down pipes always in stock. Verandah Iron carved at shortest notloe, 9 Msnuf aoturer of Lead and Compo Pipe. A oaolce selection of Chandelier*. !__, at hia WeUealey-etreet shop. ;■ ' Country orders will always rooolve hli prompt attention. Licensed lo lay on Water, CLBS PATBNTtB Or THK IMPROVED LB_tD , ■ Edqb Bieqins. OIL, OOIiOUK, AMI GLASS, MEROHANTO, YjT. pmLLippa & Sow, 96 & 97, QUKKN-BTBKET, AUOKLAND, N. 8,, IMPORTERS or PAPER HANGINGS. " Panel Decorations, } GLAU3-PcUshed. Silvered, and Roagh Plat* English and Continental Sheet, Photo graphic, Glass Shades. WHITS LEAD, Colours, Oil, VARNISHES Brushes, Mixed Paints, Carson's Antioor rtelve and Patont Silica te Paints. MOULDING S-GUt, Stained. Veneered, fts Plotnre Frame and Boom Decorations, Fanoy Frames tor Cabinet and O.D.V. Piotdbes of evory description In great variety 80BAP8—Photos and Coloured. Albnms tor Photos, Scraps, too. See,, fco, ' Oat-ont or Overlay Mounts, all sizes; Cabinet and CJJ.V. Mounts; Artists' Requisites, W, P. Be S. having always on hand the largest stock of the above goods In the North Island of New Zealand, are able to exooute either whole- Bale or retail orders on the most, favourable terms. Samples of Paperhangings from open stock, or of original packages, sent on applica tion. Now settlers In Anokland should inspect onr stock of Pttporhsngingß and Plotnres before fitting np their now homes; thoy will find Bomo thing to ani _ the meass of everyone. W. PHILLIPPS St, SON, QtrsncwJiTß-ineT. At7-.RX-_.rD tar phillippo a sun, Yl • OIL, COLOUR, AND GLASS MERCHANTS. ImporteiHiot Paperhangings, Scrim, Paints, Oils, Turpentine, Oolooas, Varniahoe, French Polish, . Gold Loaf, Artists' Colours and Brushes. Plate, i Sheet, Crown, Ornamental, and Photographic . Glasaj Plotnre Frames and Tapestry Mouldings Clock and Compass Glasses, Glased Bashes and . Doors, Glass out to size and carefully .' eked, ! W fc 87. QUEKN-BTRKET. t / — I / rpHOS, T TTARBUTT, ! THE KAFAI CORN BROOM FAOTORY, Cubtom-housk-bt, Prloea i West, From 12/0 per doa. FHAMES CARRIAGE AND DRAY FAOTORY. JAMES MAC KIE, PROPRIETOR, . YIOTORIA-STRBRT EAST, AUOKLAND, Repairs of every description n Wood and Iron neatly oxeouted on the tost notloe. Springs mado and repaired, ys on hand, a large quantity ot Lamps, also Ironhark Shafts and Spokes, Red Gum Fellooß, and Hobart i Town Hardwood. , N.B.—Country ordera onnotnqll attended to. • A UCKLAND RAO COMPANY DURHAM-STREET, AUCKLAND, " Open on FRIDAY and SATURDAY In each week for the Purohase of all kinds of RAGS, METAL So.. FOB OABg ! I r a j- n A us 1 1? c LADDER 4 BARROW MAKER, 1 80 and 82, Victoria-street, Bvery Description of Ladders, steps. Barrows I arrow Wheels, Clothes Horses, Olothos Boxes, 1 Travelling Ghosts, _c„ on band or made to order. ' A liberal discount allowed to Contractors and en T/holeor.lo order. Shop and Office Fittings, and all kinds of Job btng Work done by experienced workmen on the shortest notloe. N.B,—Ladders, Steps and Barrows lent on hire. Violins bought, Ono or two superior old Violins for sale j also, a good ViaUnoello -cheap. e_jlO.HE.Bes UO, Agents fob Sydney Papeb Mills, Have always In stock a Largo Supply of PAPER, comprising White, Printing, and Tea Paper. Grey and Brown Wrapping, and are prepared to indent any sizes, qualities, or colours re qn red. These Papers are now largely used here, and are acknowledged to be superior to most dm ported. Oaraller Frire's Genuine Frenoh Brandies American Carriages American Harness. To ABnrvs Farm and Express Wagons American Fireproof Sales, &eu, Co. B. TONKB.& CO. g|j V3N Ifl a C O __. CERTS SELECTIONS FROM OPERAS, BONGS. DUETS, tsr,c_ fco. Kvcrjr Pereon can havo these in their ow Soma . by calling on i?, HOWDSK, SfIORTLAND-STRKSfif, M. ..mauum one of his NawM-._j_.pt.BS PIANOS.



Business jxotlcea. ECAKKOLL, Wholesale and Retail • FISH AND OYSTER DEALER, Cubtom-houbk-sii-Eet, opposite I'hames Hotel, Anokland. Freeh and Smoked Fish always on hand. Country Order a punctually attended to. t t is is _. a d r v i i a a. XX OOAGH-BUILDERB, QBEY-STKEET, AUCKLAND. N.B,—lron-bark Shafts, Spokes, Helices, Slue Gam and kind* at Hardwood, at Lowest Market PrtM». jjsOOK-BIED.INii & PAPEK.KULING JD " as f&^__________E__T_____f_m IS WILLIAM LEYS, J pi- BOOK-BINDER,PAPER-RULER. 3 Ip*. MBSCBAnis' Account Books Ruled J tjjj! ;«• and Bound to Pattern, °i fcff.- MUSIO. MAGAZINES, BIBLES J I!JiK AND PRAYER BOOKS. f§ Kj£ BOV7NB IW AW. BTXX.ItS, tdt Three Doors above Star Offlco. bakers' special ruled day-rooks, LIBRARY PJOKS BTBONG & CHEAPLY HniTXfi., rflO'i'JtUS RhiSIDEN lis OF SYMUJNDS. A STREET AND NEIGHBOURHOOD. E. B SVV5 VV E V Has rocontly Opened a First-class BUTCHERY AT TH H CORNER OF THE KYBBR FASS ROAD, PRIME CORNED BJtEF always on hand. !H"a_n!ll[>B waltod on for orders ■ np peacock, A • opnoiAN, Has n Stock SPECTACLES AND EYK GLASSES of evory doaorlptlon, an accurate Fit Guaranteed. COMPOUND MIORO3COPKS AND TELE SCOPES, Powerful and Cheap. Aneroid Barometers, Tnnnmomkters, Electric Bells, batteriks and Fittings, Magneto Electric Machines and /Medical Coils. opera glasses. binocular field and makink glasses. Theodolitkb, Compasses, Sextants, Spirit Hydrometers, Saccharometors, Salinomcters, Argontomotors, &c, &c, &c AQKNT FOR TAYLOR'S PATENT SEWING MAGAIN KS & EXTRAS. Instruments and Sowing Machines repaired. Opposite the Post Ostick, Whortlard atront. " ' . I ■ _m Saddlery yrr an ted inspection; Everybody should see tho Splondld | Value in SADDLERY AND HIAIRjN.'KS|S, SOLID NICKEL-SILVER BITS, STIRRUPS, ETC., SUPPLIED BY W. S. Jones. Wholesale Manufacturer, Quken-strbet, All no Latest Improvements, Novelties, and Mountings to hand por Hermlono, Loah Urr, and to arrive per WolltnKton. and Anazt, Ths greatly Increased demand for his mann tact-ires, combined with tho latest Improved labour-saving appliances, has enablod W.B.J. to rodnco the ooat of prodnctlon to the lowest limit, and consequently supplies his onstotnerß with an artlole whloh, for quality and prloe, cannot be equalled. DURABILITY IS THB TEST 01 OHEAPNRSO, W. S. JONES, WHOLESALE MANUFACTURER. om.itw-i.Ti. Km" t."1" ' ... _=__=3 Liang and instate Aggnta. iiilAS. y\r i v LIAMHOO HOUSE LAND AND FINANCIAL AGENT Vulcan Lane Auokland. Bankers:—National Bank of New Zealand. RENTS and INTEREST OoUooted. MONKY Invested for Capitalists on flrst^laei securities, without Charge. Six per oent allowed on deposits until Invested. MORTGAGES and LOANS Negotiated, SHARKS Bought or Sold to order. ESTATES Managed for Absentees. BUILDING ALLOTMENTS FOR BALK AT PER FOOTI— Inkerman-streot, HI Hepburn-street, mi Bond-Btreet, 15/ Caroline-street, 60/ Keppell-atreot, 20/ Norfolk-street, 10/ Niger-street, 20/ Cook-street. 63 Boresford-streot, 80/ Kdwln-atreet, 30/ Perdval Parado. 10/ Grafton Boad. 75/ Reclamation, £8 Mount Eden Road, £3 Howo-btreet, 60/ Kyber Pass. 110/ Haokett-stroet,'Jo/ Normanby Road, 31 Nelson-street. 81/ Brighton Koad, 40/ Also, In various other streets at low rates. _£4000 T0 LKND, In Sums of «10 and up _w •_ . . . on aood securities. _P,97o—New and Well-flMßhed Houso for «*/-|v Salo, at Rooky Nook, New North Road; allotment 40 x 120. Very easy terms. ■PfiOf-- Nine-roomed Houso for Sale, off *uuw Kyber Pass Road; quite new: very pleasant view. Easy terms. — Seven roomed Honso, out buildings, etc., and 30 acres ot Land for Sale. Very cheap. Grand view of the harbour. £•1 qn-fOUR-ROOMICD HOUSE tor Sale, *,* 'f v off Cook-street, with large allotment. Easy terms. 'JOKATOKA TOWN9HIP. - Two Largo a. Corner Allotments for Salo for £20, having three frontage?. MOUNT EDEN—Five roomed House and two aoroa of voloanlo aoll for Salo. Fiuo view. Orchard, &o. PONSONBY - New Six-roomed House for Sale near the Three Lamps, Prloe, £320. Easy termn of payment DEVONPORT, Lake Road-Several very choice Villa Sites for Sale, having road and sea frontages, and possessing the finest landsoape views to be found around Anokland. Very easy terms of payment £__0- A mca NaW COTTAGE In New -7„ ton for Sale, with large shod, allot ment 40 x 100: very oheap, UHORGE - BTKEET, Ponsonoy, very oon __ .._.T onlont Hotisß and flno garden for Sale on Building Society's terms. WAITEMATA BIVER FROt«TAGE.-Land ~ for Sale at £3 per aore, In large or small blooks. Easy terms. PARNELL— Honso and 1} aores orchard for Sale, In f tdl bearing; oowshod, workshop, fowlhouse, Sco. : One sea view. SALE-STREET-Two Cottages for Sale with .-_- £SP}3!s!,kFtQ&? s Krato> ot& Pr,oe £360. VT ARANGAHAPE KOAD - Bijc - roomed j»- Houße for Sale j stable, gas, and gas stove. Very easy termß. £150^F°H r"ro,? mh;d HOUSE for Sale, iuu Newton: allotment 33x107. On terms. MOUNT EDffiN-THREE-ROOMED House for Sale for £100, near Railway Bridge- Easy terms oan ba arranged. £100--Co^?; RO_? M? D HOUSE for Sale In *IVY the City. Small deposit and weekly payments taken: also. House at £126. £285 -HOU_?_ 3 T 'or Bale ta William-street, A LyT^IKNTS Bought, and Honoea Built, on tho Weekly Payment System. _£135~P r?2' rS om? (1. Co"ago off the Great 7 !orth aoad tor b*^ BmaU deposit and weekly payments. EPSOM-Gentleman's Villa Residence, seven rooms, coach-house, stabling, &o. £800.11 £135~. Tax? X?- ROOME;D H°USHI for Sale ■ , «~n N!w^2n> near Kln«'s A*™* Hotel level allotment, Kaay terms. REMUER A-10 acres, for Salo; exooUont boU and splendid view BRIGHTON BOAD, Parnell - Six-roomed House for Bale, allotment 40x100; water laid on. Price. £275. TWO BRICK SHOPS FOR SALE-Central position, near Post-offlco. A considerable portion of the money can remain on mort&asre. pONSONBY-Now Six-roomed Bomut A. Workshop for sale; two allotments; two frontages: easy terms. WELLINGTON-STHBET. -Pretty Cottage TJ for. sale, near St. James's Churoh; gas and water laid on; garden, Sect, PARNELL. -Newly-finished Six-roomed . House for sale; pleasant view; £380. WARMS also For Sale at Walkomitl, Pare ■*• moremo,Stokes's.Polnt,Waltakerel,Mahn. J??*?' North Shore, Papaknra, feo. Also, sse Ust in New Zealand Herald and Weekly News. CHAS. WILLIA MS O N TCBTATRI AGENT VTCCAM hxst UAMUiSi. x. UOLLINS, HOUSE. LAND. ESTATE, Be FINANCIAL AGENT HIGH-STREET, AUCKLAND, LOANS AND MOBTOAGES NEGOTIATED", ForJ3alo, on terms to saltpnrohaosra, Houses ana Aexotmicnts of various sizes, n Baroaford street. Hepburn - atreot, Welllnston-street, Wolfe-street, Jinst-street, Grafton Road Symonds-street, Allotments Bought and Money Advanced for Bnildlng; m&y bo repaid by weekly or monthly inataUnentß. j > JtJhawß Bought and Sold. {



Late Insurance. HEAD OFFICE: PROVINCIAL BUILDINGS, WELLINGTON. Oommissionicb; i_, D. M. LUOKIK. Tbe Only Nkw Zealand Life Office. goveenment security. mutual insurance, lowest premiums, An Insurance of £1,200, at tho Premlnm charged olsewhere for .31,0(10, being equivalent i to an IMMEDIATE BONUS Of £200, IN ADDI TION to if dll Participation in Profits. Agencies at nearly all Money Order Post Offloetf in the Colony. Presneotns Betting forth the vory LIBERAL REGULATIONS and LOW PREMIUMS Of the Government Oilloo con be obtained on application. Workmen's Insurance Spoclally provided for In the INDUSTRIAL BRANCH, Policies Issued mom £5 Upwards. PREMIUMS PAYABLE WEEKLY, For whloh a Colleotor will oaU. BPEOIAL TABLES FOR CHILDREN, The Only Industrial office with Participation in Profits and Government Shcuritt. Polloles of £20 and upwards, after Three Years, oan be surrondorod for Cash, or for a Free Policy. MANAGER O. GODFREY KNIGHT -Merchandise. A KTHUR O 7WTATHAN, GENERAL IMPORTER AND COMMISSION MERCHANT, 33, Lower Queen ■ street, Auckland (Oppoolto Railway Reclamation), : and at 9, nkw broad-strket, London, Also Representatives in America, Con* tinental and Colonial Porta, GENERAL MERCHANDISE OILMRN'B BTORBd TKAB, COFFIS BS . PEPPER AND SPICES DUIICD FRUITS OANNKD FItUIT AND VEOKTADLIta ) nucsicnvEU meats sugars RlOft, TAPIOCA, AND BACK) DRYSALTERY OONPEOriONKKV JAMS AND JELLIES PRESERVED riBII I OANDLKS COLONIAL PI.onUOH TOUACOOS OMARS AND UKJAI.KTTKB WAX MATCHES WRAPPING PAPERS PAPER BAGS TWINES I; ■. oils and PAiirra HOPfl CEMENT AND PLASTEI. CROCKERY PIANOB AND HAI-MIWIUUB WINKS AND SPIRITS AGENCY AND SAMPLE ROOMS Fob.British and Foreign Mandhotubkiis, INDENTS FOR ALL CLASSES OF MERCHANDISE. EXECUTED ON ADVANTAGEOUS TERMS, LTHEBAL ADVANCE!, on Knurl Quid, Wool, and othor Colonial and Island Produce for ship, mont to I-ondan, at which port samo will receive prcam:t attention trom Mr I__ A. Nathan ARTHUR H. NATHAN, I - ... - .. - it lronmonsrerv. pHEAI O" AUD WARE XTOUSB. 23i, QUEEN-STREET; i J. * J DtOKKY. HAVE Fi< SALE-; ROWATT'S ANUCAPNIO LAMPS, also. _a i Burners, Fonts, Globes, and Wicks, And a Great Variety of Chlmnlea, RODGER'S, LOCKWOOD'S, AND WlO FALL' TABLE AND POOKHTERY, Johnson's CELEBRATED SCISSORS, CLARK'S BOILERS SAUCEPANS, fee GRIFFITH'S PATENT TEA AND COFFEE Pots, Stamped Tinned Mbat and Pie Dishes, Basins And Milk Pans (all ilzes), Buckets, Tubs, Pails, and Ovens, Brooms, Scru burrs, Whisks, &o, Hair, Cloth, and Nail Brushes, •ARK'S, BLACKS, AND LYNDON'S BPADKS AND DIGGING FORKB, GARDEN UOES, RAKEB, . andtrowElb, dlbston, sorby &sfear, and jackson's sand, rip, and tennon saws. axes, adzes, tomahawks and chisels, Augurs, Planes, Hammers, Braces, Twist and Patent Bits (all sizes), Locks Hinges, Nails, and Bbasswabf, Scott's Genuine White Lead, raw and Boiled Linseed Oil, vive per cent. discount Allowed to Gash Purchasers on all Bales •mounting to 2Cb. and upward* FALACE HOTEL, HOT L4KES, OHINEMUTU, ROTORUA. First-class accommodation for Tourists. Tray* Ism, and Visitors during both winter and summer months. Private SI Ulna Boom* Smoking and Reading Rooms. Billiards. Gof-ohes, Bngßies. and Saddle Horses for Kirs Conveyances will moot every Steamer. Vusobtak. HoTiaa.-TotirißtiJ oaa mate a* raaxoaiar.ta with Cant, M. T. Clayton (Insurance Buili-ir-5.3, Auckland), Mr J. Kelly (Tsnrsnsfe), or Mr Wru, Kelly (Ohlnomutu), for through trips to tbo Lako.!, including boat and ooach hire, hotel accommodation, and all et ocstarax, at FIXED KATIES. Trip from Auckland io the Hot Lakes and took, on the abovo principle for In Guineas OK.V. _ WILLIAM KELLY, PSOFBUT9&