CABLE SUMMARY.

Ashburton Guardian, Volume XIV, Issue 3038, 29 July 1893, Page 3

CABLE SUMMARY.

One of the smallpox patients at Thursday Island is dead. News from Central America states that the rebels have captured Managua. The Eev. Mr Inglis, Presbyterian divine, well known m Victoria and New Zealand, is dead. H.M.S, Goldfinch has arrived at Brisbane. The Captain reports having hoisted the British flag m various parts of the Solomon Islands. Theinunicipal Council of Capetown has placed on the London market a loan with the minimum fixed at 101, and bearing interest at 4 per cent. A French ironclad rammed and sank a British steamer at Toulon. The latter attempted to cross the bows of the ironclad while some naval evolutions were going on. No lives were lost. The body of a woman named Carter was found beneath the floor of a house m Berkshire. The husband had previonsly been twice married. His wives had disappeared, and when questioned about them he stated they j^erejlgaj^ Live stock statistics issued by the Agricultural Department for the year show an increase of 48 per cent m the acreage under wheat, and that vineyards have made marked progress. The early drought caused a decrease of 6.46 per cent m sheep and cattle as compared with previous years. The London coal owners have issued a manifesto, declaring that the reduction m wages is necessary owing to hard times. The " Chronicle" says that the ordinary consumer will not benefit by the reduction, the real cause of which is that the owners have been under-selling one another. The libel action brought by Mr J. Wilson, Secretary to the Seamen's and Firemen's Union, against the proprietor of the London "Evening News," claiming £1000 for accusing him of recklessly spending the funds of the Union, concluded on Thursday. The jury found that the comments of the paper were fair and reasonable, and returned a verdict for defendant, with coats. The amended scheme for reconstruction of Goldsborough, Mort and Co. provides tbftt the capital be £4,275,000 m 900,000 shares of £4 15s each, to be credited with 5s paid and a call of £9 to be made on old shares. Holders of old shares taking two new shares for each old will have discharged their old liability when they have paid £1 on each new share. All creditors, except current accounts, to take new 5 per cent debentures, payable m twenty-five years or earlier by leave ; 10 per cent of total debentures to be repaid, each year from 1898, the halfyearly drawings to be less than £10,000 on each current account are made repayable.