we published last week. The Company leases a part of the boatsheds and takes boats, &c, at a valuation — the arrangement to continue for three years, during which time the Government is bound not to land or ship cargo. The Government will, however, keep two or three boats (in cluding the lifeboat) for landing and shipping mails, for the use ofthe General Government or military at the outposts ; they will keep a permanent crew sufficient for the small boat, and if at any time (in cases of rough weather or emergency) more men are wanted, the Company is bound to supply them, being paid of course ; this will perhaps get over what seemed to be the chief difficulty in the way of an arrangement. The Superintendent pro poses to levy a small rate on goods landed, which with the £300 contributed by the General Government for Customs and mail services, it is thought will be enough to cover the expenses of Harbour Master, boats' crew, signal man, and repairs. The Company is established on the co operative principle, and is therefore all the more likely to succeed — the whole of the men engaged in the work with hardly an exception being shareholders in the Gompmy, and having therefore a direct fnterest.m s'fegfcig thitttliß" work is well and expediMdttsly done. The Company begins with three boats and 25 men, under charge of Captain Holford, Mr. J. Black is clerk ; the wages are good — £12 a month — but the work is hard and the men are picked, and it will no doubt be found a prudent outlay. We wish the new undertaking every success. — ' Herald,' July 1. -- ■ . ■jt** " ■■->»- «- > i •■

News of the Month.
