Otago Daily Times

Build­ings, goods de­stroyed in fire

- Business · Invercargill · New Zealand · Portobello · Macandrew Bay · New Zealand Loan and Mercantile Agency Company

IN­VER­CARGILL, Novem­ber 20: The most de­struc­tive fire that has oc­curred for many years broke out in the Na­tional Mort­gage Com­pany’s premises in the Cres­cent block shortly af­ter 3 this morn­ing. When the brigade ar­rived the place was a seething mass, and the two­storey brick premises were com­pletely gut­ted. Noth­ing on the premises was saved. The flames broke into the ad­join­ing four­storey build­ing of the New Zealand Loan and Mer­can­tile Agency Com­pany, the main por­tion of this be­ing de­stroyed, too, with its valu­able con­tents. Only part of

the front of­fices re­mains in­tact. Ex­ten­sive stocks of seeds, corn­sacks, fer­tilis­ers, and gen­eral mer­chan­dise were car­ried by both firms, and the loss will be very heavy.

It is es­ti­mated that it will cost over £20,000 to re­in­state the Na­tional Mort­gage build­ings. The con­tents were val­ued at be­tween £15,000 and £20,000. The Loan Com­pany’s build­ing con­tained 850 bales of wool be­long­ing to the Im­pe­rial Govern­ment, be­sides a large quan­tity stored for clients, valu­able plant, a large quan­tity of seed oats, ma­nure, and gen­eral mer­chan­dise all of which were to­tally de­stroyed. The ag­gre­gate loss will prob­a­bly reach £75,000.

district, at an es­ti­mated cost of £4370. Applicatio­ns have al­ready been re­ceived for sup­ply from 91 Por­to­bello res­i­dents, 56 from Broad Bay and 47 from Ma­can­drew Bay, and the rev­enue from these ap­pli­cants more than rep­re­sents the guar­an­tee re­quired.

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