CABLE NEWS. BRITISH AND FOREIGN.

Feilding Star, Volume II, Issue 513, 26 March 1908, Page 3

CABLE NEWS. BRITISH AND FOREIGN.

tBT WJtOIEIO TM.BGRAPH— CUIYItICHT, [PIB PBKBB AfIOOCUTION.J THE N.S.W. LOAN. • (*■** Ma itd 2 o 6 v, Sob tf KTn Fair business is doing in scrip at 1 to i per cent, discount. WESTRALIA'S MINERAL RESOURCES. (Received March 26, 7.5 5a.m.) v Ijondon, March 25. The Australian Agent-General read a paper before the Society of Arts on the mineral resources of Western Australia, and explained that the declining yield was "Mutable to the general slump in mining, and that there was not tho slightest cause for anxiety as to the future of the industry: He dwelt on the immense extent of the untouched mineral country, and justified the employment of wHte labour in Australian mines on political, economic and social grounds. JAPAN AND CHINA. (Received March 26, 7.5 sa.m ) Tokio, March 25. China is again raising the Takumen Railway question. The Japanese Government has informed China that in the future the only export of arms and ammunition to Macao will be those guaranteed by the Governor of Macao. A NEW INDUSTRY TO CHEAPEN PAPER. (Received March 26, 7.55 a.m.) London, March 25. Reuter reports that Mr Lamarre, proprietor of the Takangua Estates on the Island of Trinidad, has succeeded in converting 84 per cent, of megass into paper pulp. He declares that it will pay to grow sugar cane for the sake of megass. His mills are producing fifteen tons daiJy. [Megass is the dry crushed sugarcane as it comes from the sugar mill.] FIRE IN DRURY LANE THEATRE. (Received March 26, 8.33 a.m.) London, March 25. A fire in the Drury Lane Theatre to-day was confined to the stage, through the safety curtain. Much scenery was destroyed, and the damage is estimated at £75,000. BRITISH PREMIER'S CONDITION. (Received March 26, 8.33 a,m.) London, March 25. Sir Henry CampbeU-Bannerman is still weak, and considerable anxiety is felt regarding his condition. LAING AND SONS' FAILURE. (Received March 26, 8.51 a.m.) London, March 25. Messrs Barclay and Company, bankers, who are creditors to the extent of a quarter of a million, are petitioning for the compulsory winding-up of Messrs Laing and Sons' firm. The Barclay Company allege that a bal-ance-sheet of 1906, showing large profits, induced them to advance £100,---000. Messrs Laing and Sons imme-* diately paid a dividend of 50 per cent., and Barclay's bank in July last advanced another £100,000, £5000 more last February, Laing and Sons suspending payment three days later. Messrs Laing and Sons allege that they bad unexpected losses exceeding £200,00Q, which the Bank know of. Tho case is proceeding.