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[per press association.] London, July 3 and 4. A Company including some firstclass capitalists m the city has been formed to take over the globo assets of the Bank of ISTew Zealand. The Company will obtain large advances while retaining control of the assets, and the future profit on the advances will be ample, for all wants, including any future extension of business. Capitalists are fully satisfied of the soundness of the Bank, and it is expected the scheme will be completed immediately. Before shareholders are asked to confirm the proposal a full refutation will be submitted respecting Mr Buckley's charges. If the scheme is confirmed the London. Board will assume the management, and the Bank directorate will be increased by other good names. Leeds is entirely without gas, and m consequence factories are at a standstill, and thousands are idle. The disturbance is now confined to wordy abuse, and violence is subsiding. The bsacklegs are going over to the side of the Strikers, and a settlement of the quarrel is probable. [A later telegram says that the strike is practically settled. The strikers will be granted higher wages.] \ Lord Salisbury, Sir Hercules Robinson, Marquis of Lothian, Lord Knutsford, Sir A. Blyth, Mr Bradden' (Tasmania), and representatives of Queensland and New South Wales, attended Lord Carnarvon's'' funeral. Sir A. Blythe presented a wreath on behalf of Canada, Australia, and New Zealand. Clyde shipbuilders have Intimated their intention to reduce wages m August, and a strike is threatened. Burnett's wool-scouring machine has been sold to a Leeds and Bradford syndicate for £4000. Ten guineas premium has been paid to re-insure the barque Dunedin, which left Oamarn on March 19th. Davitt is about to start the " Labor World," an organ to advance the cause of the labor party. He intends to publish Richard Pigott's diary m it. England has offered Suakim to Italy on condition she renounces the protectorate over the Soumali coast. Miss Frances Torlesse is appealing for trained helpers to undertake rescue work m the diocese of Christchurch. Owing to a dispute about the appointment of an Englishman as Chief Justice of Samoa, Conrad Elder Krantz, Assistant Judge at Stockholm, has been nominated. Arrangements for the Mining Exhibition at the Ciystal Palace are progressing. The Duke of Fife opens it on July 17th. A Bill has been introduced into the House of Commons rendering adultery or desertion by a husband cause for divorce. The Duchess of Teck, while boating on the Thames, had a narrow escape of being killed by the bowsprit of a vessel which came into collision with her craft. Mr Stanhope, Secretary fcr War, announced m the House of Commons that a Naval and Military Committee was being appointed within the Cabinet, the Premier presiding. Sir R. Buller succeeds Lord Wolseley as AdjutantGeneral, and Sir F. Roberts remainu m India for two years. An attempt by the authorities to compel the telegraph clerks to express regret for groaning at the name of the Queen failed. They were willing to declare that no disrespect* was intended to her Majesty personally, but the ebullition of feeling was simply a protest against the way they were treated. Belgrade, July 3. The Servian Consul, whoso murder at Pristina was reported, was killed m the market place of the town. Gipsies are suspected. Madrid, July 4. Senor Sagasta has resigned, and Senor Canovas has been summoned. St. Johns, July 4. A French man-of-war drove off thirty British vessels taking bait at Port-au-Port, and seized and cut their nets. Berlin, July 3*; A Germen East African Company is being formed. Major Wissman has resigned. Zanzibar, July 3. Dr Peters has ai'rived safely at. Usugara. St. Petersburg, July 3. The Czar has published an order m the " Gazette" stating that the rumors that the Grand Duke Alexis has been deposed m favor of Vladimir are without warrant.

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TELEGRAPHIC, Ashburton Guardian, Volume VII, Issue 2459, 5 July 1890

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TELEGRAPHIC Ashburton Guardian, Volume VII, Issue 2459, 5 July 1890

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