CABLE NEWS.

Bay of Plenty Times, Volume XXII, Issue 3070, 19 January 1894, Page 4

CABLE NEWS.

me licmtt^aAilAMtmlle. - LoNDoy, January lT***Th«^*oonstructiOTi Bcbtmft of the Loan and Mercantile pwrvide.B to%newopmpeiiy ' un^er&esam&jiijfle ifpl^ <aS^SI ox £3,906,000 in 120,600 ordinary shares of £10 each and 200,000 five percent, preference shares of £3 lOseacfc. The liabUitr of £22 10s per thare ofttheahafeaiMieold company will' be immediately called up bufe the holders are relieved of thiiiiabiiity oil' taking for ea«fe old share tw» otdinajy Shares and one $rele*enoe shave In the new company, p&ymg £1 10 fb* ordinary and €3 JOs for (preference shares by histalinei|ts extending over 19 ulonthe tot ordinary and two yea|s for preference shares. Three new issues of debenture stocl are created, vii., prior lien and A and B. The prior lien bears interest at i per cent and theojfchers are 5 per cent, but the interest on JB debentures is \ only: payable from profits while prior lien stock 'remains in existence. <' Holdei*eiof Baron Schroeder 8 four per cents received Jtior l&n stock £ for £ <*f amount bTtneif noising. ■' ? -* underlying principle *of th& schem© is oonsolidation of all liability into; |B^i^el|oisit toi tf&Wl, Lovdon, January 17.-~7^^#^ sales opened 4his day »t *!♦*> level 6Y last safes ■ ;' ! ©dfnpetitkni %y both 'Homo and 'foifeifl^'on^'ers is fairlyactive an( th^iitteiiaanc^ of bptK is nornial; \ THie' ' ij9<^ cjn^nti|y available iiifiludinjg wo^.hfela ov^r fifoin the l^eit s^pies |s have be^^d fp^arjleU. to mtu^ifacturing districts direct. "V,, r N 2 «iid«lverPUil€Co Loroo*, January W-^Ph© Z& and River Plate Land and Morgan "00. a nejt cxf | fw theyear j £2000 ujptflcodtoieserTftfliftd ? fioiawnj January i8?-^hie Pi and tfcWflNrteatnea Brftahiriais «sh*ri in «fe3^«^ c^tntle!^ -& i™ f r™ : the ijr«| ;sales tfopa 8 g^icomi^Uioji^or t^ ; test wools ; medjun> scoured sorfe| ale* a halfpenny cheaper; faulty ft«r4| }a^|Expected tUAliftil ttsvrttV, Lp^ir, January lj^^e Daily that tlieleaders^of irearest the Pojpe beKewfhat anlt«lian revolt is certain ; mariuil law has been proclaimed in Carrara. J^ Defence of tne fTolonies. J&«ttilft^|^Dolonel : Zaltocb, commanoaQl drtne Victorian military, io a letter to the United Service Magazine, declare* that if the British navy is supreme will be safe from raiding etpe^ion* and the only fear is our miutary forces may be inadequate. / -f ?o * « £G©ierdl Chetney consider* lh(8 tbe sending of an. expedition to coyiquer Aostraii* would be absuH m^; imf^Mible. > ' »3 , rranco-Riiistra allliinl^# Pab£«, Jauuary 18,-^-In the.Chamber of Deputies^ Si. Flpurenc, ex-auni.-ter, said that the alliaoce with Wu^ia. was designed to promote peace, he hoped the suspicion with whick the n«li*h looked upon the i alliance w uil soon be allayed, Itynnmlic pntr^ge bti A stentner. Pabi'j, January 18.— A Quantity of dvnanite bidden in a package of ostricb feathers exploded in the mail room on the Mesoagcrie* Mant^mee Gu'ri stpamer Eqoateur on arriftl at JWdeaux, The explosion resulted in tbe death of three sailors and wrecked the7»ssel amidibips. fri|tiee att«iCkln» ITfad^aiPabib, Janqary 18.— France is preparing an expedition against Aj^agascar. Cyclone in the Blmtikm*. COKSTAHTINOPLE, Ja^UUTJ Ten teesels we c wrecked by a cyclone in toe Black Sea and loat with all- on board r . Dtoat*renseiirtlM|ii*kea. Hofgko^, January 18— A series of severe earthquake shocks has been experienced in Mongolia and a hundred natives have been engtitted. "V : : ; Gallant conduct. "" v Capetown, January 17.— Later details show that Captains Wilson and Barron and the majority of the detach* ment could have escaped but they refused to desert those whose horses had been killed. ? ,%,"■■'%<«.:■■■•.■•■■'■ -:■.,■ ' ■•>* Lobengute wished to yield W British but his indunas prevented him so and it is said ttiat h^is flow afraid to give himselfjup iij face ofthe toaslet bef el Mrtjf . ah ; Pri«efl«ht pr«lill»lt««l. r I „ WAMmsaroK, January 18.~There is considerable excitement m Flo*id» over a prixe fight between Corbett and Mitohell '•■" Government %as again ordered the troops to prevent it taking place. "' . - ■■ -■■'-. v \ '■■* - : '■ ">'■■"■ ■ :