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The Pamphlet Collection of Sir Robert Stout: Volume 27

Annual Report of the Dunedin Chamber of Commerce. August, 1883

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Annual Report of the Dunedin

Dunedin: Printed at the "Daily Times" Office, Dowling Street

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  • George Bell.


  • George Joachim.


  • T. Brown
  • G. L. Denniston
  • J. M. Joness
  • J. R. Danson
  • J. M. Ritchie
  • E. J. Spence
  • J. Roberts
  • E. Moore
  • J. T. Mckerras
  • H. E. Williams


  • H. Houghton.

List of Members.

  • Adams, J. A. D.
  • Allen, C. S.
  • Arthur, Jno.
  • Ashcroft, James Austin, T.
  • Bagley, R. P.
  • Baldwin, Capt.
  • Bank of New Zealand
  • Bank of New South Wales
  • Bank of Australasia
  • Bardsley, S.
  • Barron, Jno.
  • Bartleman, A.
  • Bastings, H.
  • Bathgate, J.
  • Baxter, D.
  • Beal, L. O.
  • Begg, A. C.
  • Bell, George
  • Benjamin, H.
  • Black, C.
  • Black, A.
  • Blair, R.
  • Blakeley, John
  • Blyth, George
  • Brown, Thomas
  • Brown, W.
  • Brydone, T.
  • Burt, A.
  • Bury, Maxwell
  • Callan, J. R.
  • Cargill, E. B.
  • Chapman and Strode
  • Churton, W. H.
  • Chisholm, Robt.
  • Clarke, G. T.
  • Colonial Insurance Co.
  • Colonial Bank of New Zealand
  • Connell, J.
  • Coulls, Wm.
  • Cowie, George
  • Culling, T. S.
  • Danson, J.
  • Davie, John
  • Davies, Wm.
  • Denniston, G. L.
  • Dick, R.
  • Dodson, T. H.
  • Driver, Henry
  • Dunedin Finance Co.
  • Dunedin Iron and Wood-ware Co.
  • Duthie, Jas.
  • Dymock, W.
  • Elder, Wm.
  • Elliott, G. W.
  • Equitable Insurance Co.
  • Esther, George
  • Ewing, R.
  • Fagan, M.
  • Fargie, J.
  • Farquhar, G. P.
  • Fenwick, George
  • Findlay, J.
  • Fish, Jun., H. S.
  • Fitchett, F.
  • Fox, Capt. Jas.
  • Franckeiss, J. F.
  • Fulton, F.
  • Gage, Wm.
  • Gilchrist, William
  • Gillies, R.
  • Gillies, J. L.
  • Glendining, R.
  • Gregg, William
  • Guthrie, H.
  • Guthrie, W.
  • Hallenstein, B.
  • Hardy, H. F.
  • Hart, H.
  • Hay, R., C.E.
  • Hayman, M.
  • Haynes, D.
  • Heeles, M. G.
  • Hepburn, W.
  • Heycock, A. H.
  • Hislop, J.
  • Hislop, Walter
  • Hodgkins, W. M.
  • Hogg, James
  • Holmes, A.
  • Hosking, J. H.
  • Houghton, J.
  • Howison, C. M.page break
  • Hoy, Sew
  • Hudson, R.
  • Inglis, A.
  • Irvine, Major-General
  • Jack, A. H.
  • Joachim, G.
  • Joel, M.
  • Jones, J. M.
  • Jones, H. S.
  • Keast and McCarthy, Limited
  • Kempthorne, T. W.
  • Kennedy, W. C.
  • Kenyon, E. P.
  • Kettle, C.
  • Kirkpatick, H.
  • Kohn, S.
  • Lane, W.
  • Larnach, W. J. M., C.M.G.
  • Law, H.
  • Leary, R. H.
  • Lees, A.
  • Lees, W.
  • Lewis, G.
  • Logan, P.
  • Low, Thos.
  • Maclean, G.
  • Maclean, H. J.
  • Macneil, A.
  • Marine Insurance Co.
  • Matheson, G C.
  • Meenan, F.
  • Meenan, M.
  • Mendershausen, M.
  • Mills, James
  • Mill, John
  • Moore, C.
  • Mollison, A.
  • Morrison, J. H.
  • Mowat, Andrew
  • Mudie, J. B.
  • Murray, R. K.
  • McFarlane, A.
  • McGlashan, E
  • McKerras, J. T.
  • McLaren, R.
  • McNeill, H.
  • McQueen, C.
  • McVicar, R. S.
  • National Bank of New Zealand
  • National Insurance Co. of New Zealand
  • Neill, W. G.
  • New Zealand Insurance Co.
  • New Zealand Shipping Co.
  • Nimmo, R.
  • Oliver, Hon. R.
  • Park, R.
  • Park, J. A.
  • Parker, Hon. E. W.
  • Paterson, A. S.
  • Paterson, R.
  • Petre, F. W.
  • Philp, W. L.
  • Pym, M.
  • Pyke, V.
  • Quick, E.
  • Quick, W. H.
  • Ramsay, K.
  • Rattray, J.
  • Reeves, C. S.
  • Reid, D.
  • Reid and Duncans
  • Reid, Jun., D.
  • Reynolds, Hon. W. H.
  • Richards, John
  • Ritchie, T. T.
  • Ritchie, J. M.
  • Roberts, W. C.
  • Roberts, J.
  • Robin, J.
  • Ross, A. H.
  • Ross, M.
  • Royse, William
  • Russell, Gray
  • Saunders, R.
  • Scott, Capt., R.N.
  • Scott, J. R.
  • Scoular, W.
  • Scoullar, A.
  • Shacklock, H. E.
  • Sievwright, B.
  • Simpson, W. L.
  • Sinclair, J.
  • Sinclair, Mark
  • Sise, G. L.
  • Smith, J.
  • Smith, R. F.
  • Smith, E.
  • Solomon, Saul
  • South British
  • Insurance Co.
  • Spedding, D. M.
  • Spence, E. J.
  • Sprent, J. S.
  • Standard Insurance Co.
  • Stewart, J.
  • Stewart, W. D.
  • Stephenson, John
  • Stevenson, Wm.
  • Stout, Robert
  • Strachan, Wm.
  • Stronach, D.
  • Taylor, W.
  • Thomson, A.
  • Thomson, J. B.
  • Tomlinson, T.
  • Thomson, A.
  • Turnbull, G.
  • Union Insurance Co.
  • Union Bank of Australia
  • Victoria Insurance Co.
  • Wales, N. Y.
  • Watson, G.
  • Watson, W.
  • Watson, J. F.
  • Wayne, F.
  • West, G. R.
  • Westport Coal Co.
  • White, J.
  • Wilkie, James
  • Wilkinson, T. M.
  • Wilson, James
  • Wilson, R.
  • Winchester, W. T.
  • Wise, Caffin, and Co.
  • Wright, J. T.
  • Wright, Wm.
  • Wyper, R.
  • Young, T.
  • Young, H.
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Dunedin Chamber of Commerce.

Report of Committee.

The Committee beg to submit their Report on the principal subjects which have come before them for consideration during the past year.

Amendment of Bankruptcy Law.

In March last the Hon. the Minister of Justice invited by circular opinions from the various Chambers in the Colony upon the proposd alteration in the existing Bankruptcy Law. A Sub-Committee was appointed to consider them, and, by invitation, two legal members of the Chamber, Messrs. W. D. Stewart and R. Stout, were asked to take part in their deliberations. Various alterations were suggested and embodied in a report by the Committee forwarded to the Minister of Justice, copies of which were also sent to the different Chambers for their consideration and approval. The views of the Chamber were very ably supported in the Assembly by Mr. H. S. Fish. The Bill passed by the House of Representatives is, in the opinion of the Committee, a good, workable measure; likely to remove the glaring defects on the previous Law of Bankruptcy. A very cordial vote of thanks was accorded to Messrs. Stewart and Stout for the valuable aid afforded by those gentlemen in the preparation of the report of the Committee.

Otago Central Railway.

The following resolution of the Chamber was brought before the Hon. the Minister of Public Works in November last:—"That a deputation of the Chamber wait upon the Hon. the Minister of Public Works upon his arrival in Dunedin to urge upon him the desirability of pushing forward the works of the Otago Central Railway with expedition and despatch." This was strongly urged by the deputation who waited upon the Minister. The Committee regret that, notwithstanding the promise of the Minister of Public Works, so small a sum has been expended in pushing on this most important work during the past year. The Committee are now enabled to state that there appears to be a better disposition on the part of Government to construct a further section of the line. A sum of £130,000 has been placed upon page 6 the Estimates for the extension of the Railway, and there is now a better prospect of this arterial line being pushed on with greater energy than has been the case during the past three years..

Harbour Board.

Several conferences with the Harbour Board have been held for the purpose of assisting the Board in the removal of the differential dues between Port Chalmers and Dunedin, for the increase of the Board's revenue by raising the rates of wharfage, and in other ways aiding the Board in obtaining additional revenue. The Committee have strongly opposed the imposition of an export rate on interprovincial cargo, believing it to be an unnecessary restriction on the coastal trade of the Province. The Committee have given their support to the Board in their efforts to give greater despatch to vessels in the discharge of cargo. A resolution of the Chamber on this subject has been energetically given effect to by both the Harbour Board and the Railway Department—and one great source of complaint by the masters of vessels visiting this Port is now in course of removal. The Sub-Committee's resolution on this subject, as also those on the proposed reconstruction of the Harbour Board, are appended.

Stock Exchange.

Shortly after the last General Meeting the Committee invited the Stock and Share Brokers of the city to meet them in conference for discussion of details of the proposed Stock Exchange, the necessity for which had previously been affirmed by the Chamber. The Committee regret that nothing came of the attempt, the Brokers generally preferring a continuance of the present mode of carrying on their business to that suggested by the Chamber.

Public Auditors.

This subject has been discussed, and the general advisability affirmed that provision should be made for securing that the accounts and balance-sheets of all Public Companies and Corporate Bodies should be audited by persons duly qualified and licensed for the purpose, and that this is necessary for the protection of the general public, and that it is not adequately provided for at present.

Telephone Charges.

The Committee brought under notice of the Chamber at its last meeting the excessive charge made by the Telephone Department for the use of their instruments. The Committee laid their views before the Hon. Mr. Dick, the Minister for Post and Telegraphs, strongly arguing a reduction from the present charge of £17 10s. to £10 for places of business, and £5 for private houses. In the Assembly, Mr. Fish moved for, and obtained, the appended return; and on the motion of Mr. Hurst, Member for Auckland, a Committee was appointed to consider the whole question; from the report of the Committee subscribers may confidently look for a considerable reduction At the present time Dunedin has 229 Subscribers to the Telephone Exchange.

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The Agent General.

The Resolution conveying the thanks of the Chamber to Sir Francis Dillon Bell for his services to the Colony was forwarded in a letter from the Chairman in March last. This with its acknowledgment by Sir Francis, the Committee deem of sufficient importance to embody in the Report of the Proceedings of the Chamber.

Direct Steam Service.

During the past year a commencement has been made of a Direct Steam Service between New Zealand and the Mother Country. Several magnificent steamers have been despatched by the New Zealand Shipping Company, to whose enterprise the Colony is indebted for the inauguration of a regular monthly line of steamers. It is to be hoped that the Assembly will offer such a substantial subsidy as will ensure the continuance of a large class of steamers, rendered more necessary now if the Colony is to attract to its shores a class of immigrants hitherto deterred by the lengthened voyages of sailing ships.

The Postal Union.

The Committee regret that the Government have not seen their way to join with other Australian Colonies in obtaining reduced and uniform postal rates, through the entrance of New Zealand with the other Colonies of Australasia into the Universal Postal Union. The loss of revenue to which the Hon. the Minister objects, the Committee believe would be found to be much less than he expects, owing to the increase in correspondence which has invariably been found to arise from a reduction in the rates of Postage.

Average Bonds.

The controversy over the custody of Average Deposits, so far as Dunedin is concerned, may now be looked upon as settled. The resolution of the various Underwriters' Associations in Australia—that the form of bond approved by Lloyds' should be adopted, has been given effect to by the ready assent of the Masters and Agents, in a recent case of general average, to the placing of the Deposits to a trust account in the names of the Master, the Chairman of the Dunedin Underwriters' Association, and one of the Consignees.


In estimating the value of our Exports it is necessary to take into consideration a fact of great importance that is very liable to be overlooked. The Committee refer to the great increase of our manufacturing industry as evinced in the returns from the Mosgiel, Kaiapoi, and Roslyn Woollen Mills, in which 5705 bales of wool have been worked up of the value of £74,800 during the past year. Of necessity, the Export Returns appear less by the value of the raw material consumed, but our local manufactures add materially to the wealth of the Colony.

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Export of Frozen Meat.

The following statement shows the quantity exported and the growth of this new industry since its commencement in February of last year:—
Otago and Southland.
1882— February, Dunedin 4,909 sheep
May, Mataura 3,843 sheep
September, s.s Marsala 8.506 sheep
December, s.s. Sorento 5,841 sheep
1883— January, Dunedin 8,002 sheep
May, s.s. Festanton 7,840 sheep
June, s.s. Ionic 9,600 sheep
August, s. s. British King 7,680 sheep
August, s. s. Opawa 6,546 sheep
August, s. s. Lyttleton 6,295 sheep
Chr ist church Shipments 30,709 sheep
Wellington Shipments 5,798 sheep
Auckland Shipments 7,850 sheep
Total 12,819 sheep

New Members.

The abolition of the entrance fee upon members joining the Chamber has fully met the expectations of those gentlemen who advocated the change. Seventy-two new members have joined during the past year. The withdrawals and removals leave a present membership of 222.

Daily Exchange.

The Committee regret to state that the efforts made to establish a Daily Exchange have thus far been a failure. The large hall has been opened to the public from 12 to 1 o'clock, free of charge, a privilege which has been very slightly appreciated by the general public. The Chamber is now well and liberally supplied with Home and Colonial newspapers. The telephone has been added for the convenience of members. With all these advantages the Committee cannot close this report without expressing a feeling of disappointment with the results obtained.

R. Wilson,


The Agent General.



Francis Dillon Bell, K.C.M.G., London.

Sir,—I have the honour, by request of the Chamber, to transmit to you the undermentioned resolution passed by the Chamber at its meeting held on Thursday last, the 22nd inst.

Embodying as it does the very favourable estimation in which your services as Agent General of the Colony are held, I trust you will have page 9 as much pleasure in receiving, as I have in conveying to you, this cordial expression of feeling on behalf of the commercial community of this city.—I have, &c.,

Robert Wilson,



Resolved—" That a cordial vote of thanks be given to Sir Francis Dillon Bell for the success that has attended the floating of the £1,000,000 loan, for his able pamphlet on New Zealand finance, and his exertions in inaugurating a direct steam service with Great Britain."

7, Westminster Chambers, London,


Sir,—I have to acknowledge the receipt of your letter enclosing the resolution of the Chamber of Commerce, and I beg to return my grateful thanks to the Chamber for the honour they have done me.

The success of the million loan very likely appeared all the greater by comparison with the last financial operation we had to make. That the Colony should have been able only three years after giving, £120 of stock for £97 10s. in cash, to place a four per cent, loan at £98 12s. 6d., shows how much its credit had risen in the time. I am very grateful for the Chamber's appreciation of my own part in the business; but you may depend upon it that the real secret of our success was the confidence of investors in our good faith, and the belief in our determination to maintain economy and sufficient taxation as the true security of our finance.

As to the steam question, I confess to having devoted more pains to it than to anything else, except finance. We can hardly measure the good that would come to us from a properly established direct line, but the indispensable condition of any permanance in such an enterprise is that it should pay, which means that we must be willing to give reasonable help to it at first, though we ought to allow no monopoly of our trade to be set up.

With regard to my paper on the public debts, I could not see without great pleasure how widely attention became attracted to the wonderful facts I have attempted to record. A few minor points were disputed at the time with some acerbity, and I was prevented by a tedious illness from defending them as I should have liked; but it will not be long before I vindicate, in a second edition, the conclusions which had been impugned.

I thank the Chamber heartily for a recognition which has now to be added to the generous support and confidence I have always received from the Government. The time of my engagement is passing fast away, and my successor will soon be chosen. I trust it may be his good fortune, as it has been mine, to get, in what must always be a difficult and laborious work, not only the approval of the Ministers, but kindness and encouragement outside the official circle such as the Chamber has extended to me.—I have, &c.,

F. D. Bell.

The Chairman Chamber of Commerce, Dunedin.
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The President delivered the following Address:—

It now becomes my duty to move the adoption of the Report, and in doing so it will be expected that I should make some allusion to the numerous topics upon which it touches; I wish it to be understood that the Committee are in no way responsible for the opinions I am now expressing. I have given much time and thought to the business of the Chamber since the last meeting, and though I cannot congratulate Members upon an improved state of business, I see no reason for alarm. There is no doubt about the Colony having taxed its powers to the utmost extent—both by public and private borrowing—and as a matter of course the ill effects of this will have to be borne for a time. It is impossible not to feel the pinch arising from payment of large sums of money for interest on borrowed capital. But we can do this—we can hold our hands, borrow no further, and in the meantime manfully restrict our wants to our means of paying for them. If we do this we shall soon surmount our difficulties, and the cloud that now hangs over New Zealand will pass away, and we shall, be both better and wiser for the lesson we are learning. Our securities are good—we want time for the development of our resources, and, above all things, we want, a steady flow of the right sort of immigrants to utilise them; and these, I hope, we shall attain by the direct Steam Communication which has been so successfully inaugurated by the enterprise of the New Zealand Shipping Company. Bearing on this subject I would refer Members to the letter of Sir Francis Dillon Bell which is printed with the Report, and I would express the hope that such a subsidy, or such assistance by way of freight and passage money, will be offered by Parliament as will ensure a continuance of the service which the enterprise and liberality of the New Zealand Shipping Company have furnished to the Colony, or of some equally satisfactory line. If two can be supported, so much the better. We must have no monopoly. The Company that offers the best class of vessels suited to the wants of the Colony should receive the support of the Government. I hope we shall not see it defeated by a repetition of that misplaced economy, which for party purposes interfered with the appropriation Government proposed for the service last session.

In my former address I touched upon the depression that then existed in business circles. Trade has not improved since that time. I am sorry to say that I think it worse. The Treasurer in his Financial Statement drew attention to the large increase in our imports as one of the disturbing causes. That is an evil which will cure itself. Already the published statements show a decline, and from inquiries I have made, I look for a great diminution in our imports during the present financial year. We must not shut our eyes to the changes that are working amongst us. Large Joint Stock Companies are gradually absorbing or extinguishing the middle-men. Merchants, individually, are passing away, and their places are being taken by Joint Stock Companies possessing large capital, borrowed in the London market at one half the rates of interest our Bankers charge for the use of their page 11 capital. Against this no private enterprise can successfully compete. The profits are not spent in the Colony, but go to support a class of absentees whose only interests in the country are the dividends they are receiving from it. Whether or not Mercantile Companies of resident shareholders will meet these new conditions of trade is, as yet, an untried experiment. Another cause of the present dullness, is, in my opinion, due to the comparatively sudden changes in the value of land. This is partly owing to the competition of the Banks and Loan Companies when capital was abundant to advance on mortgage of landed securities. Speculation was thus encouraged, and large purchases were made in expectation of realising larger profits by selling in suitable allotments for small farmers. The action of the Government in throwing extensive areas open for selection on favourable terms for settlement has closed the door to land speculations, and instead of disposing of their purchases as expected, they still remain on the buyers' hands, and the money thus advanced remains locked up, and unavailable for commercial purposes. If we look at the extent of the mortgage indebtedness of Canterbury, Otago, and Southland collectively, amounting to £614,899,251, on which upwards of £1,000,000 has annually to be paid in interest by a population of 260,000. I think you will agree with me therefore, that the general depression is due not to over importation alone, but to the presence of those Joint Stock Companies amongst us, who have aided and stimulated an unwise speculation in landed estate, before we had a population to develope the resources of the country.

A large amount of public attention throughout the neighbouring Colonies has been given to the annexation of New Guinea and other Islands of the South Pacific. This question, which has been warmly taken up in Australia, is one that requires careful consideration by all who are interested in the spread of civilization and the growth of commerce in the Pacific. I am not prepared to discuss this question to-day, but I do ask you to watch with interest the progress it is making in Australia, and to be prepared to give a support to any Ministry who may advocate its adoption by the Parliament of New Zealand. The wider question of Federation is receiving much attention in the Home Country. Whether we shall form an integral part of that great Empire, or become an independent Federation of Australian States—that Greater Britain of the South which writers like to depict—time and experience will settle. In the meantime there is a subject that concerns us all, and which the various Colonies of Australia and New Zealand can arrange amongst themselves—and that is a Customs' Union by which the free interchange of the natural products and manufactures of each Colony may circulate freely between each State without the obstruction of Custom houses. I see no difficulty in carrying such a Customs' League through. We have the lines of the German Customs' Union to follow, and it is a matter of history that that great nation owes its formation to the successful carrying out of the scheme by which all intermediate Custom houses were swept away, and merchandise and manufactures within the States comprising the Union passed freely from one to the other, free page 12 from the injurious effects of the hostile tariffs which had previously set State against State. Take, for example, our trade with Australia. Last year we took from her £400,557 of imports, and we exported in return £339,723, chiefly in grain. The heavy duties imposed in Victoria prevent us from supplying that Colony with cheaper Cereals grown here. The duty we impose of fifteen per cent., for revenue purposes only, keeps out a large number of native products and manufactures with which Victoria could supply us as cheaply as from England or from other countries, were those duties between the Colonies abolished. Depend upon it, a great impetus would be given to the natural production of each Colony were steps taken for the early formation of such a Customs' league. A still further advance would be made in the formation of a Federal State of the Australian Colonies, and one which, whilst developing the natural products of the various States comprising it, would add to the comfort and prosperity of those who are founding great and prosperous Colonies in this Southern Hemisphere.

I must congratulate you on the success that has attended the shipment of frozen meat to Europe. We cannot but appreciate the labours of those amongst us, especially Messrs. It. Campbell, W. J. M. Larnach, and Jas. Shand, to whose efforts in carrying through the New Zealand Refrigerating Company in all its preliminary stages New Zealand is largely indebted, and whose services have been overlooked in the success of the enterprise. Since the initiation of this trade Otago has exported 62,167 first-class sheep, other Provinces have shipped 4-4,345, making a total of 106,575, and this without any appreciable rise in the prices obtainable for fat sheep in the open market, thus plainly showing the large stock we have to draw upon. With the experience gained, and with ordinary care in keeping up the standard we have attained, there is no placing limits at this time to the extent to which this trade may ultimately grow—or to the benefits likely to flow therefrom throughout New Zealand to all engaged in pastoral pursuits. I hope every effort will be made by those engaged in the trade to uphold the high character which has been secured for New Zealand frozen meat in the London market. In connection with this Export of Frozen Meat, I may mention the very satisfactory progress our Woollen Factories are making, and whose consumption is already affecting the export of wool. From returns obtained I find that during the past year 5605 bales of wool of the value of £74,800 have been worked up by the Kaipoai, Mosgiel, and Kaikorai Mills, and the value of the goods manufactured may very fairly be estimated at £250,000.

At our last Meeting I called attention to the high rates charged by the Telegraph Department for the use of the Telephone. So excessive did the Chamber think the rate, that they took steps to bring it before Parliament at the earliest possible period of the session, and I have to thank Mr. Fish for the energetic manner in which he took up the business. The question was referred to a Committee whose Report fully bore out the statement of the Chamber, and the result has been a recommendation in favour of the reduction page 13 in the rate charged equal to £5 0s. 0d. per annum on the annual charge previously paid by subscribers I think the Chamber have done good work by moving in this affair, and one which must lead to a generally extended use of the instrument, and to the increase of the revenue derivable from it.

I cannot close my remarks without referring to the heavy losses sustained by the agricultural interest during the past season. Over a large portion of this and the neighbouring Province of Canterbury heavy and continuous rains during the harvest spoiled a great part of the abundant crops which were gathered, and which have now been rendered unfit for consumption or for shipment to other markets. My own experience has shown me that we cannot always escape these visitations, but we can make better preparations for meeting them than were made last season, by greater care being given to stacking and thatching, and by a more generous use of the labour which is available at harvest time, and which, I fear, was not resorted to during the late harvest. There needs also some provision for drying damp grain to fit it for shipment.

I shall not weary you with a mass of statistics. You will find a number of returns bound up with the Committee's report, which have been carefully compiled from official sources, and to which I would refer members desirous of comparing our present progress with that of the past year. But I may refer with pride to the increased settlement that is taking place throughout this Province under the deferred payment and perpetual leasing of the amended land laws Acts of the colony, now being wisely and liberally administered by the present able Minister of Lands, Mr. Rolleston; under whose fostering care we may rest assured that full effect will be given to the leasing and sale of our remaining public estate. I may also refer to the large increase of our local industries, to the establishment of new mills and manufactories, and to the enlargement of others, and to the various occupations that have opened and are opening up for the employment of skilled labour. I sincerely trust the colony will continue to progress in all its material interests, that the difficulties which at present surround us may be surmounted, and that we may turn to good account the lessons of thrift which they are teaching us just now.

I now beg to move the adoption of the report.

Seconded by Mr. W. D. Stewart and unanimously adopted.

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Dunedin Chamber of Commerce.

Dr. Receipts.
£ s. d.
To Balance from last year 7 10 8
To Amount received from Subscriptions to date 280 7 0
To Amount for use of Hall 14 12 0
To Amount for Sale of Reports. &c. 10 18 7
To Amount Proportion of Rates—Murray, Roberts, and Co. 17 10 0
To Amount Rent—Smith. Anderson, and Co. 150 0 0
Balance 139 7 9
£620 6 0
Expenditure. Cr.
£ s. d.
By Amounts Paid—
High School Medals 9 17 6
Cleaning Offices 28 1 6
Printing, Advertising, and Stationery 33 17 0
Printing Annual Report 25 12 0
Petty Disbursements, Telegrams, Postages, &c. 36 3 5
Books and Newspapers 17 2 6
Bank Interest 8 2 3
Furniture 36 18 6
Secretary 126 0 0
Telephone 15 12 5
Rates an d Taxes 27 5 0
Interest on Mortgage 139 3 8
Interest to Exchange Company 100 0 0
Insurance 0 16 0
By Cash in hand 15 14 3
£620 6 0
By Balance 139 7 9

Examined and found correct,

John Davie.

R. Wilson,


H. Houghton,

Secretary. Dunedin,
page 15

Comparative Table of Imports and Exports for the Port of Dunedin for the Years ending June 30th, 1881, 1882. and 1883 respectively.

Countries. From 30th June, 1880, to 30th June, 1881. From 30th June, 1881, to 30th June, 1882. From 30th June, 1882, to 30th June, 1883.
Imports. Exports. Imports. Exports. Imports. Exports.
United Kingdom £1,255,482 £1,313,651 £1,704,129 £1,300,577 £1,846,502 £1,442,211
Australia 439,969 282,170 377,226 257,372 400,557 339,723
India 30,657 73,587 60,780
China 86,690 11,568 65,162 6,832 84,602 4,150
Mauritius 117,101 665 159,835 160,786 378
United States 106,918 134,558 133,736
Canada 1,176 270
Other Countries 12,377 4,328 7,450 12,067 10,173 70,154
£2,049,194 £1,612,382 £2,533,123 £1,576,848 £2,697,406 £1,856,616
Showing increase on Imports £164,283
And increase on Exports for past year 279,768

Customs Revenue Returns for the year ended 31st March, 1883, for all Ports of Entry.

Total value of Imports into New Zealand £8,609,270
Total amount of Duty 1,494,463
Total value of Exports 6,658,008
Of which was collected at—
Dunedin £413,436 17 5
Invercargill and Bluff 46,710 12 10
Oamaru 16,327 16 7
£476,475 6 10
Being an decrease on the previous year of 22,863 6 2

Return of Shipping at the Port of Dunedin for the year ending 31st July, 1883.

Tons. Tons.
Foreign 85 Vessels = 71,424 In, and 53 Vessels = 49,024 Out
Inter-colonial 143 Vessels = 115,593 In and 199 Vessels = 97,047 Out
Coastwise 808 Vessels = 140,497 In and 796 Vessels = 168,124 Out
Totals 1,036 Vessels = 327,514 In and 968 Vessels = 314,195
1882 929 = 271,950 907 = 263,963

Registered Tonnage of Colonial Owned Vessels, Port of Otago.

Steamers. Sailing Vessels.
No. Tonnage. No. Tonnage.
1st January, 1880 25 6,174 81 7,670
1st January, 1881 34 9,806 78 7,695
1st July, 1882 33 9,387 72 7,558
1st July, 1883 43 15,596 74 8,121
page 16

Return shewing the number of Foreign and Intercolonial Vessels Entered and Cleared at New Zealand Ports during the year ending 30th June, 1883.

Inwards 806 Vessels = 488,578 Tons
Outwards 822 Vessels = 486,565 Tons

Being an increase of 136,562 tons on the year.

Gold Exported.

Return of Gold Exported from 1st April, 1857, to 30th June, 1883.

Total Quantity for New Zealand 10,073,959 ozs.
Of the Value of £39,464,143
Exported from Otago 4,205,001 ozs.
Of the Value of £16,564,675

Exported for the year ending 30th June, 1883, 248,862 ozs., of the value of £994,555, of which Otago exported 83,446 ozs., of the value of £333,804.

Sheep Returns.

Total number of Sheep in New Zealand, 1881 11,868,845
Total number of Sheep in New Zealand, 1882 12,500,597
Total number of Sheep in New Zealand, 1883 Estimated 13,000,000
Sheep in Otago 1882 3,545,779

Export of Frozen Meat.

The following statement shows the quantity exported and the growth of this new industry since its commencement in February of last year:—
Otago and Southland.
1882— February, Dunedin 4,909 Sheep
May, Mataura 3,843 Sheep
September, s.s. Marsala 8,506 Sheep
December, s.s. Sorrento 5,841 Sheep
1883— January, Dunedin 8,002 Sheep
May, s.s Fenstanton 7,840 Sheep
June, s.s. Ionic 9,600 Sheep
August, s.s. British King 7,680 Sheep
August, s.s. Opawa 6,546 Sheep
August, s.s. Lyttelton 6,295 Sheep Sheep
Christchurch Shipments 30,709 Sheep
Wellington Shipments 5,79S Sheep
Auckland Shipments 7,850 Sheep
Total 112,819 Sheep.
page 17

Wool Shipments.

Total Quantity of Wool exported from New Zealand for the Season of 1883 71,418,611 lbs.
Of the Value of £3,245,106
Of which there was exported from Otago and Southland 64,653 bales
Equal to 22,740,517 lbs.
=To a little more than one-third of the whole.
And the Value of £1,184,038

During the past year 3,180 Bales of Wool, of the value of £42,800, were consumed by the Mosgiel and Kaikorai Woollen Mills. These added to the quantity exported raise the production of Otago for 1883 to 67,833 Bales Wool, and the value to £1,226,838

Exports per head of Population, including Wool and Gold for 1882, £45 11s. 5d.

The National Debt of New Zealand.

Gross Public Debt, 31st March, 1883 £30,357,111
Less Sinking Fund Accrued 2,571,829
Cash Balance in hand 30th July, 1882 £662,425
Remaining to be expended out of the Five Million Loan

From which, deducting cost of construction of Railways, £10,478,898 from the total indebtedness of £27,729,535, leaves £17,250,637 as the national debt of the Colony at the present time apart from Railways.

Railway Revenue over Expenditure is approximately estimated up to 31st March last at £360,526. The amount realised on the estimated cost of the Railways is £3 8s. 10d. per cent, per annum, and there are evidences of improvement in that direction.


Total Mileage open for Traffic, March 31st, 1883 1,358 miles
Total amount expended for their construction £10,478,898
Equal to a cost for Construction, Rolling Stock, &c., of £8,416 per mile
Total number of Passengers carried 2,911,477
Total amount of Tonnage carried 1,437,714 tons
Total number of Live Stock carried 352,348
Total number of Parcels carried 286,741
Total receipts for year £953,347


Population of New Zealand, 31st December, 1882, estimated 517,707
Otago and Southland 141,431
Dunedin and Suburbs, estimated 44,000

Being an estimated Increase during the year of 16,797 on total Population of Colony.

The Maori Population is 44,000 in addition to the above.

page 18

Banking Returns.

Notes in Circulation £1,004,431
On Government Account 502,704
Not Bearing Interest 4,843,537
Bearing Interest 3,484,231

Being a decrease of £548,464 on the Year.

Advances £14.556,525, being an increase on the year of £674,660.

Savings Banks.—Government and Private.

Total Amount of Deposits in the Colony at the end of Year 1882, £1,832,047. Depositors, 68,358, averaging £26 16s. 0d. each Depositor, being an increase of £282,533.

Property Tax Returns.

Assessment capital value of real property under the Property

Assessment Act £82,000,000

Exclusive of exemptions of £500 and under in value.

Note.—The returns of personal property are not yet complete. Some alteration was made in the Property Tax Acts last year which made foreign capital employed in the Colony liable as well as local capital.

Return showing the. Total Amount in Money remaining secured by Mortgages under the Land Transfer Acts on the 31st March, 1883.

District. Amount remaining secured by Mortgage on 31st March, 1882 Amount secured by Mortgage during the Year ended 31st March, 1883. Amount of Mortgages Paid off during the same Period. Amount remaining secured by Mortgage on 31st March, 1883
£ £ £ £
Auckland 1,602,666 415,104 136,397 1,881,373
Otago 4,239,079 852,782 431,339 4,660,522
Canterbury 7,549,772 2,187,680 1,304,440 8,433,013
Wellington 1,938,712 487,983 254,929 2,171,767
Nelson 276,238 108,248 79,672 304,814
Southland 2,207,580 412,819 223,684 2,396,716
Hawke's Bay 1,167,988 468,135 329,549 1,306,574
Westland 68,075 8,817 7,647 69,244
Taranaki 207,346 144,563 42,984 308,925
Marlborough 136,067 27,469 12,790 150,746
Totals 19,393,527 5,113,604 2,823,433 21,683,698
Corresponding Period 1881-82. 6,151,795 2,596,091
page 19

Agricultural Statistics.

Total number of holdings 27,352
Extent of land broken up (in acres) 95,398
Extent of land sown in wheat (in acres) 390,818
Estimated gross produce of wheat (bushels) 10,270,501
Extent of land sown in oats (in acres) 323,893
Estimated gross produce of oats (bushels) 10,520,428
Estimated gross produce for green food or hay (acres) 65,466
Extent of land in barley (acres) 31,470
Estunated gross produce of barley (bushels) 727,163
Extent of land in potatoes (acres) 24,592
Estimated gross produce of potatoes (tons) 139,199
Extent of land in turnips or rape (acres) 285,679
Extent of land in other crops (acres) 22,840
Total number of acres under crop exclusive of grasses 1,133,295
Extent of hay (acres) 75,792
Estimated produce (tons) 100,398
In grasses after having been broken up 2,018,964
Grass sown lands, not previously ploughed (acres) 2,303,598
Average yield per acre in 1882 Wheat 22¾ bushels
Average yield per acre in 1882 Oats 28½ bushels
Average yield per acre in 1882 Barley 22¼ bushels
Average yield per acre in 1882 Potatoes 5 tons 8 cwt.

In Otago the average reached 28.94 bushels Wheat to the acre.

Average yield per acre in 1883 Wheat 28.94 bushels
Average yield per acre in 1883 Oats 36.89 bushels
Average yield per acre in 1883 Barley 31.38 bushels
Average yield per acre in 1883 Potatoes 6½ tons

In Otago the average reached as high as 29 bushels Wheat and 37 bushels Oats to the acre.

Comparative Returns 1882, 1883.

New Zealand 10,270,501 bushels Wheat
Victoria 8,714,377 bushels Wheat
South Australia 7,356,000 bushels Wheat

Whilst Victoria grew 9 bushels wheat, New South Wales 15 bushels, Queensland 8 bushels, South Australia 4½ bushels, Western Australia 7 bushels, Tasmania 18 bushels, New Zealand grew 22 bushels to the acre. In Potatoes New Zealand produces nearly 5½ tons to the acre—the average for Australia is 3 tons.

Coal Fields.


For 1882 378,272 Tons
For 1881 337,262 Tons
For 1880 300,000 Tons
For 1879 231,218 Tons
Imported during 1881 129,962 Tons
Imported during 1882 129,582 Tons
page 20

Our Imports.

An analysis of the imports of the past two years will be found of interest to the trading community, as showing some of the main items which made up the large increase in 1882. It is impossible without going into wearysome details to make this analysis complete, as there are more than 600 different items in the official returns. There are, however, two trades—the soft-goods and the hardware trade—that can be separated from the other trades of the Colony, as representing large sums, and being conducted for the most part by different individuals from those who import general merchandise. There are also some large items which can be selected as giving a general idea where the other chief increases are to be found. We have compared the year 1881 which may be taken as an average one) with 1882, which certainly represents one of excessive importation.

Total Imports, 1881 and 1882.
1882. 1881.
Total of all kinds £8,609,270 £7,457,045
Less gold and silver specie 265,320 155,029
£8,343,050 £7,302,016

showing an excess for last year of rather more than a million. The following figures account for the greater part of this excess, and show that more than half of it is represented by softgoods and hardware. Let us first take

1882. 1881.
Apparel and slops £288,621 £236,153
Boots and shoes 196,140 131,780
Carpets and druggeting 43,679 26,586
Cotton piece goods *218,872 153,167
Cotton (sewing) *24,097 6,919
Drapery 1,011,846 1,033.857
Tailors' trimmings *54,593 9,275
Haberdashery 60,440 49,972
Hosiery 38,953 26,049
Millinery 27,204 20,602
Silks 16.677 25,154
Woollens and blankets 155,314 97,245
£2,156,436 £1,816,759

Excess in 1882, £339,677.

1882. 1881.
Agricultural implements £35,607 £19,898
Hardware and ironmongery 257.650 184,256
Axes and spades 28,942 22,796
Agricultural machinery 77,496 63,742
Galvanised iron 157,175 128,455
Fencing wire 150,223 81,687
Nails 59,279 38,752
Tools 46,930 30,335
£807,402 £569,901

Excess in 1882, £237,501.

page 21


1882. 1881.
Bags and sacks £233,705 £114,314
Books 115,342 100,204
Carriage materials 23,833 10,532
Earthenware 50,115 33,142
Fancy goods 126,517 95,087
Furniture and upholdestry 80,085 41,919
Glass and bottles 41,507 25,744
China and porcelain 15,916 7,701
Pianos 51,856 35,910
Jewellery 55,327 48,764
Kerosene 57,776 43,166
Paperhangings 32,852 24,518
Printing paper 70,869 57,208
Saddlery and harness 46,703 27,713
Stationery 95,358 71,448
Tea 278,994 255,396
Tobacco, cigars, &c 107,973 96,075
Watches 28,081 14,054
Wine 93,674 77,321
£1,606,402 £1,180,456

Excess in 1882, £425,946.

Summary of Excess in Imports.

Softgoods, as above £339,677
Hardware 237,501
Miscellaneous 425,946

This would account for the whole excess, but there are a good many articles of which we imported less last year than in 1881, We will now summarise the principal items under this head:—

Short Imported.

1882. 1881.
Candles £65,398 £74,040
Coffee 15,867 20,512
Fish 26,581 36,422
Flour 12,276 22,976
Currants 24,009 33,354
Rice 38,249 44,668
Hides 4,266 22,516
Hops 18,138 22,062
Iron pipes 31,535 50,645
Iron rails 23,687 41,907
Jams and jellies 22,923 45,499
Leather 88,794 95,902
Milk (preserved) 7,784 12,072
Castor oil 5,648 18.558
Linseed oil 27,474 33,386
Locomotives nil. 17,996
Seeds, grass and clover 85,133 105,202
Spirits—all kinds 270,881 286,300
Sugar 501,780 576,743
Total £1,278,483 £1,560,999

Decrease in 1882, £290,516.

page 22

Progress of Otago.

In 1860 the population of Otago was estimated at 12,500 persons. In that year the exports of the province were carried to England by a single sailing ship—the Gloucester, of 611 tons.

In 1861, the year of the gold discoveries, we exported £727,321 worth of gold, and the export of wool had risen in value to £111,065, being a considerable increase on the previous year. Taking the two years 1861 and 1862, it will be interesting to note that the total imports for 1861 amounted to £860,000, of which sheep figured for £61,257, horses £78,308, cattle, £5,810, and wines and spirits £32,609. In 1862 the imports had risen to £2,094,493, and the exports to £1,742,433, of which gold amounted to £1,550,704. The importation of live stock has greatly increased—sheep to £95,100, horses £125,273, and wines and spirits £161,730.

In 1863 the importation of live stock, sheep, horses, and cattle reached the large sum of £414,097. From that time the importation rapidly fell: the country was becoming stocked, and values were falling greatly. The imports for that year reached £2,094,483; the exports, gold and wool, £2,329,127.

In 1883 Otago and Southland possess 3,586,000 sheep, and during the past season they exported 64,653 bales of wool, valued at £1,184,038. The imports of general merchandise amount to £2,697,406, and exports to the value of £1,856,616, The population of the province has increased to 141,450 persons; .Dunedin and suburbs to 45,000. During those 20 years Otago has exported gold of the value of £16,564,675. One-third of the entire trade of the Colony is carried on by her merchants, and one-third of the customs duties of the Colony is collected at her ports.

In 1863 the locally-owned steam fleet was represented by the s.s. Pride of the Yarra and other small steamers employed between Dunedin and Port Chalmers, until the arrival of the p. s. Golden Age at the close of that year. Out of the latter has sprung up the magnificent fleet of the Union Steam Ship Company, numbering 27 vessels, and of the aggregate tonnage of 24,791 tons—a fleet unsurpassed by any of the Colonies of Great Britain, and of which the people are justly proud.—Otago Daily Times, Sept. 27, 1883.