(Per Press Association.) Sydney, This day. The Daily Telegraph publishes a to timer dat>ry a-tide ci the system of land taxatiou in New Zealand. It rays that despite the efforts made to belittle the colony's credit British gold has been showered upon the colony threefold in excess of the amount asked for. Instead of fear being showd re garding the stability of New Zealand, there has been sensational competition for her securitiesamongmoney-lenders, which made the unexampled success of her loan the most dramatic and signific ant event in the recent history of Australian finance.
THE MacARTHUR-FORREST PATENT.
—. * (Press Association.) Adelaide, This day. The Chief Secretary has promised a deputation to consider the question of testing the validity of the Mac Arthu r patent by refusing any longer to pay the royalty to the Australian Gold Recovery Co. for the use of the •yanidej

LATEST MINING NEWS.
WOODSTOCK-UNITED RETURN.
(By Telegraph—Own Corrrspondent.)

AtrckLA.Np, This day.
Woodstock-United.—Banked 16406zs of bullion of the value of £770, the result of treating 240 tons of ore. The market is quief. Wot a tenth part of yesterday's busire-a is doing, and ther jis a decided drop in values aU round.
FIRE AT NAPIER.
(Per Pbess Association.)

Napieb, This day. The Mean3e Hotel, occupied by Mr P. Doney, was destroyed by fire this morning. There was an insurance on the buildiog of £800, and on the furniture and. stock of £400 io the Standard Office, of which £300 was re insured in the Norwich TJoion, £250 in the New Zealand, and £250 in the Alliance.
LOOKING OUT FOR MINING INVESTMENTS.
(Per Pbess Association) Wellington, This day.
