The JCifcy Council to-night deoided upon a now loan of £75,000, to be allotted as follows :— Drainage, £15,000; Town Hall, £17,000; Thorndon Recreation ground and esplanade^ £6500; new cemetery, £4000; street forma tion and extension, £18,500; destructor, £4500 ; balance, miscellaneous proposals. An amend ment to devote a larger sum to drainage wag lost by a large majority. ' The destructor ig working well, and fully realising anticipations as ip its usefulness.
COLONIAL INSURANCE COM PANY.
(Per United Press Association.)

Wellington, May 3. The report of the Colonial Insurance Com pany, to be presented at the eleventh annual meeting, shows the receipts to have been £66,445 and the expenditure £62,052, leaving a balance of £4293. The directors say " the profit of the past year has enabled us to clear off a heavy debit balance which has for some time been a serious drag on the company, and also write off loss caused by the death of the Calcutta man ager. The debit balance and all outstanding claims and losses having been provided for, the company commence their present financial period with a better prospect than has been their tortune for some time past.
