The motion was carried unaci au «sly, and Mr Blair briefly returned thanks. •

Mr Martin Kennedy said there was an impression that the £50,000 a year paid to the Assets Board was a serious tax on the Board, but he wished to

point { out that the Bank got interest on the debentures of some thing, like 8 per cent.,so that the assets arrangement was really a benefit to the Bank of something like twenty or thirty thousand pounds annually. It would be a good thing for the Bank if the colonyjwould say. We will let you have | the debentures and keep the assets, as the Bank could then go on fairly and freely; '■:. ■.; . . ..;; ':.'. i.' ;; Mr; Beauchamp said that to afford the Bank the greatest possible relief j would be to obtain release from cert am large landed estates which could be taken by Government for close settlement. He believed the Govern ment could be persuaded to do this. This terminated the business.
MINING NEWS.
(By Telegraph—Own Correspondent.)

AUCKLAND, August 10, HAURAKI ASSOCIATED.
The prospects of the Hauraki Associated have shown considerable improvement lately, and it is antici pated that before long the company will again be enabled to keep- up ''steady monthly ieturns of about £500. About five pounds of rich specimens, broken out from the leading stope at the low level, were brought to Auckland today and placed on view at the office of, the company.
TARANAKI MINE.
