SPECIAL TELEGRAMS.

BY CABLE. [rkuter's telegrams. 1 "" .

THE EGYPTIAN CRISIS.— BRITISH NAVAL PREPARATIONS. London, May 31 (evening). It has transpired that the French Government, in its recent communication with regard to the position of affairs in Egypt, has suggested that a conference of the Governments should be held at Stamboul, with the view of effecting a settlement of the present political disorders in the Regency, on the basis of the static quo, and the British Government has intimated its acceptance of the proposal. The Channel squadron is now under orders to proceed to the Levant to reinforce the Mediterranean squadron. Other vessels are being put in commission at Devonport, and will shortly be despatched to act as guardships at the entrance to the Suez Canal. Constantinople, May 31. It has transpired that Lord Dufferin, the English Ambassador, and Marquis de Noailles, the French Ambassador, have requested the Sultan to make a declaration in favour of Tewfik Pasha remaining on the Egyptian throne. FROZEN MEAT AT GLASGOW. London, May 31. A portion of the cargo of meat, ex ship Dunedin, from Port Chalmers, has been placed on the market at Glasgow, and is realising 7d per lb. THE AUSTRALIAN CRICKETERS DEFEATED. London, May 31. The cricket match between the Australians and the Cambridge University was resumed' to-day. The Australians continued their second innings, having four wickets to fall, Griffin and Palmer being not out at the conclusion of yesterday's play. The attendance was again extremely large, and the weather very fine. The Australians were all disposed of for a total of 291. Griffin was caught for 59, Palmer for 35, and Boyle was not out 9. The Cambridge men then went in for their second innings, requiring 165 runs to win the match, and succeeded in making that number for the loss of only four wickets. Mr. J. E. C. Studd scored 66, and Mr. G. R. Studd iS. ffhe Cambridge team winning the phatch by six wickets. LONDON WOOL SALES. London, May 31. At the wool sales to-day, 11,100 bales were entered. There was a good competition, and the lots catalogued sold at the full current rates. THE P. AND O. COMPANY. London, May 31 (night). The Peninsular and Oriental Steamship Company have declared a dividend of per cent, for the past year. SHIPPING. [per merchant shipping and underwriters, ASSOCIATION.] London, May 31. Arrived: The ship Helen Scott, from Lyttelton on February 15.