THE EGYPTIAN CRISIS. PROPOSAL BY FRANCE. NAVAL PREPARATIONS BY ENGLAND. [REUTER'S TELEGRAMS.] London, 31st May.

Evening Post, Volume XXIII, Issue 127, 2 June 1882, Page 2

THE EGYPTIAN CRISIS. PROPOSAL BY FRANCE. NAVAL PREPARATIONS BY ENGLAND. [REUTER'S TELEGRAMS.] London, 3 1st May.

The Peninsular and Oriental Steamship Company have declared a dividend of 2£ per cent, for the past half-year. At the wool Bale to-day 11,100 bales were offered. There wag good competition, and the lots catalogued Bold at full current rate?. It has transpired that the French Government, in it 3 recent communications with regard to the position of affairs in Egypt, has suggested that a Conference of the Powers should be held at Stamboul with a view of eff eoting a settlement of the present political disorder in the Regency on the basis of the statu quo, and the British Government have intimated acceptance of the proposal. The Channel Squadron is now under orders to proceed to the Levant to reinforoe 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. Ihe cricket match, Australians v. Cambridge University, was resumed at Cambridge to-day. The Australians continued their second innings, having four wioketa to fall, Giffen and Palmer being not out at the conclusion of yesterday's play. The attendance at the match was again extremely large, and the weather was very fine The Australians were all disposed of for a total of 291. Giffen was caught for 59 ; Palmer caught for 35 ; and Boyle, not out, 39. The Cambridge men then went in for their second innings, requiring 165 runs to win the match, and suoceeded in making that number for the lobb of only four wickets. Mr. J. E. V. Studd scored 66, and Mr. G. B. &tudd, 48 The Cambridge team thus won the match by six wickets. Per Merchant Shipping and Underwriters' Association : — Arrived : Ship Helen Scott, from Lyttelton (15th February).