CABLEGRAMS

Gisborne Standard and Cook County Gazette, Volume II, Issue 206, 9 October 1888, Page 2

CABLEGRAMS

London, Oct 5. The Dai’y News, in referring to the Bank of New Zealand, says its losses in two years amounted to nearly a million. The same paper says New Zealand is suffering from the overfinancing of a sanguine Treasurer. Bishop Kennion, of Adelaide, when preaching at Halford, said colonial legislators were able men, but devoid of the underlying principles of religion necessary* to steadiness in times of political excitement. He quoted the New South Wales Divorce Bill as an outrageous measure, passed by a narrow majority. The Crown, he said, had boldly taken exception to the Bill, and he prayed that the Imperial Government would maintain its veto.

Lord Knutsford states that ■ the Chinese Prohibition Bill remains in abeyance, and be hopes that a friendly settlement of the difficulty may be arranged without involving the introduction of drastic laws. He also states that the protectorates over Raratonga and all the islands of the Hervey Group were established in compliance with the request of the New Zealand Government.

It is expected the colliers will go out at the end of the month to the number of 170,00 Q. A ballot is now proceeding, which will determine whether there will be a strike or not.

Bishop Barry, speaking at the Church Congress, expressed the opinion that the revision of the prayer book was premature. Cardinal Moran, in accepting the Freedom of Dublin, said the loyalty of the colonies was proverbial, a fact which he attributed to their powers of Self-Government. Fairer and richer and than Australia did not exist. He argued that similar freedom would produce similar results in Ireland, and urged the Irish people and the clergy to unite in their endeavor to bring about such a result. The Financial News condemns the secrecy

which has surrounded the operations of the Bank of New Zealand, and describes the Bank as founding a “ corner ” in New Zealand finance. It considers the credit of the colony is involved with that of the Bank. The Daily News is of opinion that, despite Vogelism, New Zealand is quite solvent. Washington, Oct 5. The Republican Tariff would reduce the revenue by seventy-five million dollars, chiefly by the reduction of the duties on alcohol, tobacco, and sugar. In their proposals the duty on wool is fixed at 11 cents.