LATE CABLE NEWS.

Cromwell Argus, Volume XVII, Issue 844, 16 June 1885, Page 3

LATE CABLE NEWS.

LoxdoSt, June 8. At to-day's auction 11,700 bales were offered for sale. There was a steady but not active demand. The Ruapehu sailed from Plymouth on the 6th for Tort Chalmers, calling at Teneriffe and Capetown. June 9. It is reported that the town of Kassala has fallen into the hands of the Mahdites. The Redistribution of Seats Bill has been passed by the House of Lords. The new dredger built for the Melbourne Harbor Board has had a highly satisfactory trial. In consequence of the Sultan of Zanzibar's action in opposing the Protectorate recently established by Germany over the territory to the northward of Zanzibar, it is expected that the town will be bombarded by German. war vessels at present in the neighborhood. The claims put forward by Germany to the town of St. Lucia on the sea coast of Northern Zululand, and which was recently annexed by Great Britain, have been withdrawn. In the House of Commons Mr Gladstone stated that it would be premature to assert that the difficulty with Russia had passed over. At to-day's wool sales 12,G00 bales were catalogued. Prices were somewhat irregular; crossbreds exhibiting a firm tendency, while merino wools ruled -Ad to Id below last sales prices. The mails ex Zealandia (Auckland, May 1) and the Garonne's mail (Melbourne, May 2), via Naples, were delivered here to-day. The average price of the Adelaide loan is £IOO 8s lid. June 10. A paper on " Australia" was read by Mr Howard Vincent at the Royal Colonial Institute. He advocated the federation of the Colonies. The Hon. VV. H. Smith supported the remarks made by Mr Vincent. The fleet under Admiral Hornby has sailed for Bantry. At to-day's wool sales 12,700 bales were catalogued. The tone of market was irregular. June 11. The tenders for the Westportand Greymouth Harbor loans of £150,000 and £IOO,OOO respectively, were opened to-day. The Westport loan was covered twofold, and the Greymouth threefold. In each case tenders at £95 10s will receive 3G per cent., above that amount in full. Caiko, June 12. Information from Port Said states that a barge has sunk in the Suez Canal, and traffic will probably be blocked for fully a fortnight before the obstruction can be removed. DEFEAT AND RESIGNATION OF THE GLADSTONE MINISTRY. London, June 9. The debate on the financial proposals of the Government was brought to a close at an early hour this morning, when the division was taken, with the result that the Budget was rejected by a majority of 12, notwithstanding that Mr Gladstone announced that the Government would make its acceptance a Cabinet question. • An amendment proposed by Sir Michael Hicks-Beach condemning the proposed increase in the duty on beer and spirits was then carried. In consequence of the adverse vote, the resignation of Ministers is expected. The Standard and Times both deprecate the result of the motion. June 10. A meeting of the Cabinet was held yesterday,

at which it was resolved that the Ministry should resign in consequence of the defeat on the Budget. Mr Gladstone' accordingly proceeded at once to Balmoral and informed her Majesty the Queen of the decision arrived at. Parliament has been adjourned until Friday. It is generally believed that the Conservative party will accept office if called upon to do so. Sixty-two Liberals ahstained from voting on the Budget question. The defeat of the Government has caused great astonishment on the Continent. An impression prevails at Home that the Government courted defeat, so as to prevent a disruption in the Cabinet. Tlie Radicals are jubilant over the result of the motion. It is believed that Mr Gladstone will conduct an election campaign. June 11. The general opinion on the Continent in reference to the defeat of Mr Gladstone's Ministry is not one of sympathy with him ; but there is a distrustful feeling prevailing in regard to the probability of the Marquis of Salisbury and Lord Randolph Churchill coming into power. • The younger members of the Tory party are urgiug that if their party take office they should do°away with the Coercion Act, and that loans should be raised instead of imposing fresh taxation on the people. June 12. Her Majesty the Queen is expected to leave Balmoral for Windsor immediately. The Times this morning states that her Majesty the Queen has declined to accept the resignation of Mr Gladstone and his colleagues without being furnished with further reasons for their retirement.