In spite of the losses above mentioned reserves at the disposal of the several companies, though slight, left a sufficient margin to enable them to meet all obligations. Unfortunately, however, our losses did not stop.at that point, and this leads me to the crux of our present trouble and the reason which has made it necessary to propose this resolution this morning. In the first place you. must know that the steamers' still remaining in these waters, viz., the Castlefield (since re-named Ralph Moller), Manapouri (since renamed Lindsay Moller) and Wollowra were, about "the month of March, 1918, com-
Text read from the printed page and cleaned; old type leaves the occasional error.