NEW SOUTH WALES.
SYDNEY, August Oil Taylor, a leading accountant m the city, has been arrested at Colombo on a charge of absconding with intent to defraud his creditors. His liabilities amount to Several Banks have been swindled to the extent altogether of Numerous frauds have been unearthed. The sculling race between C. Stephens, of New Zealand, and J. Kemp, brother of the ex-champion, for a side, was won by the former. Time, aomin 24^ sec. At the annnal meeting of the Mutual Life Association to-day, the Chairman announced that the expenses were rapidly being reduced and were now only 22^ per cent of the income. The bonus distribution will take place at Christmas, and another two years hence,
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