HOW TO SAVE THREE MILLIONS A YEAR.

tt mterview with -Sir Join LuMhn*.

11 «=-!n«r the Budget resolutions the Lvation that if we could reduce the in £*«f!The National Debt we should save m eL3,OOo,ooost,rlingayea, Whentfao ; han cellor of the Exchequer cuts into he nf for the reduction of the oX extent of L^OOO.OOO on the 2of optional poverty, ttta~« nauiring whether it may be possible to re- Se annual burden of L 21,000,000 paid ; tlestbyasumofLSWOC jU ith a L to a further elucidation of the pro- Uii a representative had an interview ■nth Sir John Lubbock. ■ " <>The plan," said Sir John, in reply to hefirsMuestion, "would simply be thifl: nrai'e So 2J per cents, to par by firmly i ti, o oi,\ are at 91, and it the et titesU that we should rigidly rlhere to our determination to pay oft the eS een at the rate of L 5,000,000, as Mr Jos hen proposes, these securities would oup to par. This, of course, presupposes Wwe had no European war, for then it voukl be impossible to continue the rate of Iment, but with tjiat exception here ?no reason why this should not be he absolute minimum. At present there is ot that confidence in the City which is ecuaary to the success of the scheme, ecanse of the attacks that are continually emir made upon tho sinking funds. Had jr&schenleft these ta&^t^jwjg nd provided for the payment ot L, ,000,000 hia year, and this level had been adhered 0 for two or three years longer, the radual repayment of the principal and he certainty of that operation continuing t an accelerated pace would have made lie reduction of the interest an easy latter." «If Sir Stafford Northcote's arrangement ad been adhered to, how should we have tood-sayin three years?"—"By paying ,7,000,009 we should have in three years ut down the debt by nearly L 22,000,000, .ub that is not all There is. continual hsorption of money by the savings banks, nd a large sum would be taken off the larket by that means. But it is to the loral effect of the certainty of our policy lore than the amount to which I attach im ortance. If you get the City to feel that a >i policy would be pursued, I believe the Voancla Ha|f per Cents, would rise sub t&ritially; but" here we have Mr Goschen ivingup L2,ooo,ooo,andwith some pressure jaothev Chancellor may give up another wtf>floQ)ooOj so holders say,' Oh, I will hang, ! 11 tojny Three per Cents., and probably' 1 •illreceive this rate as long as I live.' I epeti, therefore, that I attach quite as mch importance to the moral effect as to fee amount paid off." "Mr Childers'a experiments in the way of coaversion did hot succeed ?"—" No, be cause he did'not give quite good enough teraa,- and he made the mistake of allowing too long a time. My impression is that he should have announced his terms and given a fortnight at the outside. They would have been more readily acceptexl then. On the other hand, some persons thought he offered too favourable terms. But it was necessary to make a beginning. It was necessary to have a stock of the Kind in the market to see what the feeling was. Now that is done, if we really mean to go on reducing the debt I would not issue more at the present price. If we don't mean to payoff the debt, that is another matter, but if we do let us go on paying 3 per cent, for a few years longer until we can oiler 2t or Siatpar.--' ° "Do you expect that the price of Two and a Half per Cents, will go up ?"—" Evi dently that is the impression at present. The Three per Cents, now are in round numbers 102; the Two and Three quarters, 94 ; and the Two and a Half 91. jhese prices have no relation really to the dividends. If you invest LIOO in the Threes you will receive L 2 IDs tkl in interest, while LIOO in the Two and a Halves will give you about L 2 16s. There is a differ ence of some three or four shillings, and that means that people who hold 011 to the J.wo and a Halves think they will rise. If % did not they would prefer to fi°W stock that would give them we highest interest, and the price of «>e Two and a Halves would go down." . . lou would apply the L 3,000,000 saved jn'ntoest to the reduction of principal?"— Ihiitwas Sir Stafford Northcote's plan. m I'roposed to fix the amount for the 'ervice of the debt at L2S,fioo,ooo, and as we jaw debt off less would go in interest and more 111 repayment of principal. This left we burden of the taxpayer exactly the »ne, but it increased the amount of re fiS ml1 tySr by year- Sir Stafford also fought this plan fairer- to successive Chancellors of the Exchequer, as com pai sons could then be macfeon the same Sfc.li a matterof fact > Sir Stafford did 1 feel i y °aiT y -OUt, his OWn Poli°y- Whafc iSofI nglylf^hatif we don>fcWoffin Sdl^. 1"1? borrovv intimeVof war, have owm lon« »*> increase. We SX*, 1'" difficult to say exactly Kmi debfc h. en w^> because of the laWnm ta^ n at s°mething over P r^ n°W L7l1' 000<000. rateofpay- ConSsshttin^T why the Price of n othe f r Go- People mnsi in/•; ~" "ell > a great many TherS CTV bank^s' ** in y°« want nteval 10 ob^ atio "' b^ « »"o better Zl - ?° m,mt s nofcice ' fchel"e «n go ad 'T ty T or that PnrP°se- You tt«e, in Sl le m aiSe t Lloo 'ooo worth, or even once Tn 4 Utes' and Set the money at fe % WT m nOt lestrictecl t0 Consols Wiment r!i - y, inve'sfc in other ti(*> bj a " ;t Omal' and Indian securi- Con^. Th?n tL r1 y °/ them do hoW dllhcu fcies abo«fc land or wortawa ■ t ?„ f °"ey in fchafc d^ection, fav o^b yi" hp "°fc "0W looked «P<>n so *»#«* of interest J ° du' 6°tioi > of a re" Pl£P ose to make a f*», and any ydS hav° ,to be taken in

THE- AUCKLAND EVENING- STAJRy TUESDAY;_AUGUSf; fr- j__gjj_:

7



s^^fT^KETS^ DRESS MATERIALS DRESS MATERIALS DRESS' MATEEIALI Kl^ffiffi SlS"vb^oe ». bwta .^ M .T.SHOirrb».d^ M *Sf c^ Ala ™ STEHINE ■'-■^ LOWEST PObW to dear the whole of their immenße stock of WINTER NuNg! yEILING SOUDANESE JEESEYS SeaS°Q BeaS°D' #'S *6aact c to i'educe still flir&W SjVr Sta& 6*l ■ DRESS MATERIALS, and in order to do so are mak- COSTUME MIXTURES CRAPES Samples, with pricea attached, sent FREE to any Clothing) and are offering real genuine bargains in Sfcys^ COMPETITION DEFIED, .^i.^ut.; JEESE vcloths ottoman cloths cu.wron.ppuc^. ■ gKr4*.S£^|"SSwS " CHECK WINCEYS • SERGES . And in fact every material imported into v Gents' Overcoats, M?ckintoshea (with and wUbSUfe* '^Jt!i^M-ZZ ™ COTHS BEI GES »<—*-• NOW B THE TIME TO SEC UKE CHEAP ,T2££ *S money by PurchaslDS y t ARMOUR CLOTHS CASHMERES IMMENSE ASSORTMENT TO CHOOSE FROM. DRESS MATERIALS. will be pleased Ex6 cutors of the late T. Short. _ __ . • QUEEN STREET, AUCKLAND j r-p TT Q TWT A Q QTTQ JO r-p QUEEN STREET^CKLAND GRAHAMSTOWH, THAMES. ) X W o_t.t o»T_:_ ~.^U_i GRAHAMSTOWN, THAMES.



Lectures, Etc OUNG MEN'S CHRISTIAN ASSOCIATION, • CORNER OF WELLESLEY AND ALBERT" (STREETS. WINTER COURSE OF LECTURES. Commencing each evening at half-past so yon. Auiznst 12.-Musical Entertainment. Chair jnan: Rev. W, Tebbs, M.A. Conductor: Here Carl Schniitt. August 26.—Lecture and Musical Selections. (Jhairman: Rev. J. 8. hVi. Subject: "Daniel Defoe," by Rev. H. J. Lowis. September 2,-Debate; "Free Trade v. Pro tection." Chairman: J. 11. Upton. Esq. Affirmative: E. 8011, Esq. Negative: J. Lamb, Esq. SeDtember 23.—Musical Entertainment Chair man: ii. t\ Pierce, Esq. Conductor: \. h. Rico, Esq. Tickets for the course to admit bearer and lady. ss; to admit bcarnr only, 3s ; single lec ture le.may be obtained from any of tho book solle'rs froni Members of Committee, or from Seats reserved for ticket-holders till twenty miuutespa S tseven. BuD A. lOIGHT, /Hon. Sec. W.BRAKENRIG. Gen. See, Educational. [A CARD.] MR. J. . X E L L V, TEACHER OF DANCING. JUVENILE AND ADULT CLASSES. Address— . Ponsonby lload, nearly opposite Franklin Road M-~! ¥, WOODHA Jl, Tkacher op the PIANOFORTE AND HARMONIUM. Address: Care of Mn A. Eady, Auckland Musio Warehouse, Queen-3treot. R^ G, OS W A L D gives Lessons in Elocution- Twelve Lessons .. •• ..21s At pupil's residonco .. .. •„•, ?°3 Entertainments given and attended. Aluettera —Champtaloup & Cooi'Eß, Queen-street. All fees payable in advance. "• TTITB IL E E COUPON S^ 9J - ——— Anyone cutting out this Coupon and. tak-ing it to © T. E. CARTER'S m. Picture Frame and Musioai, Instrument Depot, 88, VICTORIA-STREET. AUCKLAND, Hr will be given for lsone of bis BEAUTIFUL PACKETS OF SCRAPS Worth 53. - > Post free to any part of New Zealand, \^ for Is 2d in stamps. Business Notices. ./The .American COKN BKOOM CO. EXMOUTH STREET. ml) TOBACCO GROWERS. SEED. SEED. SEED. The undersigned has just received a parcel of new Tobocco Seed from America, containing the following varieties: Kentucky, Broad Leaf Connecticut, Golden Leaf, and Dark Virginia (these descriptions having proved most suitable for the various districtsin this colony). Packets containing sufficient seed for one acre, of any of these varieties, may be obtained on application; price, .s per packet. AUSTIN WALSH, July 23,1887. Tobacco Factory, Auckland. AT EDSON'S OLD SHOP (Next Savings Bank), Now Being Pulled Down,— BRICKS SLATES WINDOWS DOORS SHOP FRONTS IRON SHED VERANDAHS, &c. WILL BE SOLD CHEAP. •^ AND Q^ Customs Street. MISS SMITH, CORSET & BANDAGK MAKER, Has always on hand a Good Supply of Stay Material. STAYS MADE TO ANY PATTERN. Riding Stays, Stays for Invalids, Bandages, and Shoulder Braces on tho moat approved principles. STAYS CLEANED AND REPAIRED. Ladies waited on by sending address to EBKBANK COTTAGE, GUNDRY-STREET, NE WTON. by New Epiphany Church. TWr ORR I E ANS X E MTlTy^ ■l-i Proprietors of ■ THE EDENDALE MANUFACTURING Co., Manufacturers of Woollen Hosiery and Underclothing, Importers and Commission Agents, 21, ELLIOTT-STREET, AUCKLAND. Tl/T ONUMENTS ITALIAN AND VERMONT MARBLES, AND ABERDEEN GRANITE. HEAD STONES IN MARBLE AND STONE. Ikon Tomb Railings at Moderate Prices. Prices and Designs sent post-free. Country orders carefully packed. TAIT BROTHERS, Monumental Works, Corner of Rutland and Lome streets (near Queen-street Junction), Auckland. FC 6~~S T E R • (LATE OF QUEEN-STREET), TOBACCONIST, &c, KA RANG AH APE ROAD (next Garrctfc, Butcher). Finest Brands of Cigars, Tobaccos and Cigarettes, Sundries, etc. CUT TOBACCOS A SPECIALTY. Every description of Pipes Mounted and Repaired to order. [A CARD.] WE. THO MA S (Twenty-four years with H. M. Customs), CUSTOMS, SHIPPING, AND GENERAL COMMISSION AGENT, BROKER, ACCOUNTANT, and PUBLIC AUDITOR. Offices Fijth'a Buildings, 75, Queen-street, Auckland.



Business Notices. CONTINUANCE OF SALE. We beg to notify to our friends and the public that as we have CLOSED our old premises, and REMOVED the Stock to 180 & 182, QUEEN STKEET. THE SALE WILL BE CONTINUED UNTIL FURTHER NOTICE, A Large Accumulation of Remnants of all description will be CLEARED OUT REGARDLESS OF COST. ■--..■• WILSON, WILLIAMS & M CCULLAGH .NEW ZEALAND HOUSE. 180 & 182, QUEEN STKEET. - 1 fsi\ W. WATTS y4j&, N^^^N. Having purchased a large Bankrupt Stock of Boots >/C~v y^ i ej^V O>w and Shoes at a Big Discount for cash, will ./ 'il " nS^^V oflor the Bame t0 the public for y/fe / « Girls Kid Button Boots, XVT/X H X(\O / Men' B Bluchers (nailed), 7to IS, at 3s 6d; X 'V/vV y£v^ X 5s 1 id; Girls' Prunella Elastic Sides/V voO^ CAy/^Genta' Cloth Top Lace 9s 6d; all sizes at 2s Hid- ' >is X. S Gents< Elastic Side Boots (Golo ! Babies' Boots from IIV Girls'X v \ *?*-=««"»«»» 1«.! . .* 1 «t, m9Tn n * 1' ' oirlß/\OA\Men's Kip Elastic sides 8s Ud; if Girls Light Lace at 4s Hd:/<s\ y\%?/^\Q O nts Good Shooting Boots Ladies' Evening Shoes /^^/aV>7/ \ 10s 9d; i 3s lid; /^A^ / <uh N. Co^N. Gents' Patent Dancing ~ Ladies' Kid Boots •ty^g^/ At such pricesNT/^Nv «h ™ a^Ss 6d ; . AvVas must eLnro aV^A? 1011!, ° t °°* «l A<C/ All Goods will be XcfX^NE^TH h Sony's Marked in Plain Figures. \V^A\ h yT*X jS™s being a Genuine Sale, offers a rare opportunity Nj^. OyV >O Vo^X t0 those rc <luir»llg Good and Cheap Hoots. \%\ ■ [%/W. WATTS, 265, Queen St/xfo ArcMtectß CONSUMPTION CURABLE! P. HERAFATIT, F.K.1.8.A.] [S. M. HKRAPATII P- herAch™ s axd SONi "'MR G. T. CONGREVE g^^BunW o]^ CONSUMPTION W SMfrfca^SterJand^Snefs 0^ AND ITS SUCCESSFUL TREATMENT, * ... clvulcan CLan^.' an oineis ' Showing that direful disease to be curable in all its stages ; with observations on Allßranchesoftheß^ltogTradeexecutedby AttTHMA CHKONIC BRONCHITIS, ETC." lixpenencea Workmen. ' Shop Fronts, Office Fittings. &c. —' T, r _. , 000 —— — From the " Christian Herald," March 31, 1886. Xjl DWAKD BARTLEY, MrG. T. CONGREVES TREATMENT OF CONSUMPTION AND OTHER CHEST DISEASES -*-J ARCHITECT, " Continues to be made a great blessing to sufferers, far and v/ide, in every part of the nTTPi?\rsTRirFT ' *" The world and we ourselves owe him a debt of gratitude. Not long since we ml *^-^-*"^l- placed a young lady under his care, who lias recovered her health, and we need only point to the cases (Mr Congreve is publishing one every week), many of which had been MR. P. F. M. BURROWS, given up as past all hope." " . r ARCHITECT AND BUILDING " There can be no doubt that for Consumption and- other Chest Complaints M amt. KX^^rTn,»n Congreve is a specialist of the first order, and stands unrivalled. Certainly there has A.M.i. aociEi\ b iuuLDiNGs. been nQ other (jigcovgry i n medical science from which the consumptive patient may " T »TT/~w>Trn7- avttv " Sa tner so much hope as from his." TpIDWAKD MAIiOJNIjX AND SON, " The oxe huxdrkd and thirty-three cases which are recorded in Mr Congrevo'e -*-* book are a most convincing testimony ; but Avhat have been long a marvel are the cases ARCHITECT 3, " o f cure which have been published for several years past in the weekly journals (our own included) once every week." (The reader is referred to the "Christian World." Queen-street, Aucklaxp, . « Christian Age," "Christian Globe," &c, &c.) Wti t,t am Fj RRTN ft T n "NT Tne author (Mr Congreve, of Coombe Lodge, Peckham, London), has been urgently iJj flftfliflvjiua, entreated to make bis treatment known in all the British Colonies. The price of &§ M.Inst.C.E.,M.Inst.M.E., Bookia— SIXPENCE, OR SEVENPENCE, POST FREE. CONSULTING ENGINEEB, . p u blished-by UPTON AND CO., AUCKLAND, AUCKLAND. And may be ordered through any Bookseller.



Business Notices. •• JTvEW'S TEAS, Is lOd, Is 6d, and Is 4d per lb, ARE ADMITTED TO BE THE BEST VALUE EVER OFFERED TO THE PUBLIC. WHOLESALE GROCERY STORES, VICTORIA St. The best Black for Bloom, Beauty, and Durability. Smith § Caughey, Importers gj hress Fabrics, $c. "——^———«—— ■n"'*- < GIVING UP! GIVING UP! GIVING UPJ GREAT CLEARING SALE OF THE STOCK OF J-. Or. BROWU <5c CO GENERAL DRAPERS, KARANGAHAPE ROAD. THE WHOLE STOCK A RAAA THE WHOLE STOCK VALUE OUSJ\J\J\J VALUE MUST BE CLEARED OUT IN A FEW WEEKS. ENORMOUS REDUCTIONS TTfiNORMOUS REDUCTIONS In Manchester and Woollen Goods. -*-* In Millinery and Mantles TjiNORMOUS REDUCTIONS Tj^NORMOUS REDUCTIONS •*-^ In Dress Goods and Costumes. "^ In Clothing and Hata This large Stock i» quite new and must be cleared out in a few weeks at a very great sacrifice. Com© early to the Great Clearing Out Sale of the Stock of .T. G. BROWN 4 CO. Great Clearing Sale t '" IR JAMES S'CUTT'S STOCK ) i DKAPEEY, CLOTHING, BABY-LINEN, &o. AT HALF-PBIOE! AT HALF-PBICE ! C. HOPKINS Having purchased the above by public tender, begs to inform the public of Auckland that he intends offering the same on the premises lately occupied by Mr. Scutt in Victoria-street We3t (corner of Nelson Street). SALE TO COMMENCE ON SATURDAY NEXT (AUGUST 6tu). NOTE THE ADDRESS— C. HOPKINS, LONDON HOUSE, Victoria and Nelson Streets. NOTICE TO THE PUBLIC. npiHE Partnership hitherto existing between Messrs. Neil and Cliffold, Herbalists, J- of Wellesley Street, Auckland, having been dissolved by mutual consent on tlie Ist of June, Dr. Neil has now become tho sole proprietor and will continue to carry on the business in future, which will be known as DR. NEIL'S BOTANIC DISPENSARY, Under the management of MR. H. H. KING, who is a thoroughly competent man of long experience and practico in the Botanic System of Medicine, and who will do hi 3 best to relieve and cure all who may think propor to place themselves under his treatment. We desire to thank our old customers for past favours, and trust by attention to their wants to merit their patronage in the future. We also desire to intimate that we have removed to mor e convenient premises, to tho shop exactly opposite the old ?tand. The Business has been thoroughly renovated and improved with the object of meeting more fully the wants of our customers, and we have now, in addition to a very large stock of Herbs, Roots, Barks, and our various Herbal Medicines and Compounds, a large assortment of PATENT AND PEOPKIETARY MEDICINES Druggists' Sundries, Perfumery, &c, &c. The establishment in fact is replete with everything in the way of Medicine. ADVICE FREE. MEDICINE FOR ALL COMPLAINTS SENT TO ALL PARTS SECURELY PACKED. NOTE THE ADDRESS: DR. NEIL'S BOTANIC DISPENSARY, WELLESLEY STREET EAST. H. H. KING, Manager, Auckland. WE ARE THE CHEAPEST