Telegraphic Intelligence.

Hawke's Bay Herald, Volume 12, Issue 974, 1 September 1868, Page 2

Telegraphic Intelligence.

TIDAL WAVE FELT IN SYDNEY.

OFFICERS of TARANAKI EXONEEATED FEOM BLAME. LATE MELBOURNE TELEGRAMS. PARLIAMENTARY and GENERAL NEWS. [From the Telegrapbio Correspondent of the " Southern Cross.] Published by permission. Wellington, Saturday. The University Scholarships Bill proposes to .institute six scholarships of £250 per annum — at an English University ; tenable for three years 5 two to be open annually. Mr. Macandrew moved as an amendment that there should be fifteen scholarships of £100 each, available for a Colonial University. Mr Stafford approved of both propositions, saying they were not antagonistic. The debate was ultimately adjourned. The enquiry into the loss of the Taranaki has terminated. The court was of opinion that the loss of the vessel was attributable to the fact of an unusually strong eddy having forced her towards the south head of the entrance to Tory Channel, and that the officers and crew were exonerated frqm blame. ' Petroleum has been discovered Yin Bluff harbour. The Ida Valley company have struck a rich leader. 203 tons of stone have yielded . 115 ounces gold. The following are the Australian telegrams per Gothenburg. Mr. McCulloch had made his financial statement ; it shewed a present deficiency of £61,000. On the 21st August there were but few transactions in flour, which was firmer. Holders ask £17 10s. ; trade lots, £18 ; wheat in demand. New Zealand oats, 3s. lOd. • * • On the 15th the tidal wave was severely felt in Australia. The sea rose in Sydney harbor four feet. At Newcastle, great damage was done to shipping. There have been rich discoveries of silver in Adelaide. The following auction sales are reported in Melbourne : — 4,800 bags sugar at 275. 6d ; good brown, 275. 6d. to 315. ; yellow, 31s. 6d. Brandon's candles. 10d., common congou Is. sd; Burnett's Old Tom, 14s. There has been a burglary at Government House, Sydney, but only clothing taken. A large number of diggers were returning from Gympie Creek, Queensland, disappointed. There was great discontent in Melbourne at the reduction in the Victorian Civil service.

Q?EOM OUB, OWN COBBESPONDENT.) Monday. Mr. Hall is still ill — suffering from a severe throat affection. He is improving, but isnot expected to make his statement to-morrow. Increasing interest is being felt in the j^P r <^hir^_bjidj*eJ^_;^e_ views ""oTTEe — country "party are not being met by the Government with the cordiality that party at first counted upon. The constitutionalists have hired premises close to the Assembly, and commence daily sittings to-morrow. No tenders have been received for raising the Taranaki.