|By Telegraph,—Press Association,

Wanqanui, Tuesday. An accident occurred at the gas works this morning. A gust of wind oaught the bolder on the north side, canting it over, tho result being that thirty-five thousand feet of gas escaped. The reason assigwd for tho collapse is that the holder was originally badly constructed, tho grade wheels and frame work having too muoh play, the slightest gust of wind causing the holder to ocillate. About ten years ago a similar accident occurred.'' The damage is estimated at £l5O. A staff of workmen is now busy. It is hoped gas will be supplied to-morrow (Wed nesday).
POLITICAL JOTTINGS.
[From the Times,] Ihportast financial proposals, Tho Government havo in contem plation tbe carrying out of financial arrangements that cannot fail to be of advantage to the Colony.. It is the intention to liberate the whole of the Colony's guarantee debentures iu London, amounting in the aggregate to £476,000, so that this sum shall remain unpledged in the bands of the Agent-General to be ready as a reserve against any temporary contingency that may arise, In order to give effect to this proposal tho Premier is introducing a measure called tbe Pub lic Bevenues Bill, which contains provisions authorising the issue of £480,000 worth of Treasury Bills for tho purpose of redeeming the guaran tee debentures in London.
