TELEGRAMS.

Hawke's Bay Herald, Volume XX, Issue 3894, 10 April 1877, Page 2

TELEGRAMS.

_* _ [From the Press Agency.]

CABLE TELEGRAMS.

LONDON, April 6. The protocol recognises the necessity of European concert ; favors the desire of Montenegro for the rectification of her frontier ; invites the Porte to reduce her army to a peace footing ; recognises Turkey's promise of reform ; and hopes for the energetic execution of its objects. If the Porte disappoints the other Powers, they will then consider the best means for securing the well-being of Christians and the gener.il peace of Europe. The Porte is displeased with the protocol, and will probably refuse to disarm. Montenegro maintains its demands. There is great uncertainty as to the course of events. Wool is inactive ; money easier. Wheat is in strong demand, and stocks are reduced ; New Zealand, 53s to 555. Tallow is weak. Australian mutton, 39s to 41s ; beef, 3Ss to 395. New Zealand hemp depressed ; quotations, £22 to £23. nominal. Arrived — Merope. SYDNEY, April 9. The Zealandia sailed at 3 p.m. on Saturday- The City of Sydney arrived yesterday evening. OAMARU, April 9. There is a feeling of , dissatisfaction at the decision of the stewards at the late race meeting when Fishhook was disqualified. O'Brien to-day sent a letter to the stewards, asking them to reconsider their decision. A meeting of the stewards thereupon took place to consider the letter. After considerable discussion, in which it was pointed out that even though O'Brien could show that his jockey was to blame he must be held responsible for the act of his servant, it was resolved, " That this meeting does not deem it necessary to review the decision arrived at at once on the course." WELLINGTON, April 9. The Government have given notice to O'Malley, the contractor for the reclaimed kind, to remove all buildings now erected upon the land which is in course of reclamation, except those required for the purposes of the contract. Amongst the buildings are a number of workshops and places of business. The contractor was under the impression that he could grant permission for the erection of buildings until such time as the contract was completed and handed over, but he has given notice to have the buildings removed. The outward San Francisco mail consisted of 8130 letters, 2060 newspapers, and 88 book-packets. Mrs Scott-Siddons closes her season tonight. It has been one of the most successful ever known here. The new Civil Service regulations, regarding the hours of attendance, came into force to day. H.M.S. Wolverine has just arrived from Hobart Town. It is understood that she will shortly take His Excellency on a trip South, probably including a trip to the (Sounds. Latek. During the passage of the Wolverine, a seaman fell from the top, struck the lee rail, and fell into the sea. He was never Kseen any more. TAUPO, April 9. . At 9.35 this morning two smart shocks of earthquake were experienced here. Toiigariri was covered with snow during the storm of Saturday night. FOXTON, April 9. Mr Randolph, a. settler at Karere, Palmerston North, was accidentally shot dead yesterday by his partner, Mr C. W. Walker. An inquest is to be held tomorrow. Both men were out shooting when the accident occurred. AUCKLAND, Aju-il 9. Share Market — Soul 1 :! Bi-itrsli, ex div. , 77k to 79. iUouuahiris, £!4 iUs to iJl.l .KnruiMii Kill, ',\2t> M ,v \ib». In the Supreme Court, 10-day, William Gibbons, agcl lei, dialled will) indecent assault on a girl aged 8 years, was found guilty; sentence deferred. Peter M'Grath,

brutally beating his wife, three years' penal servitude. Eliza Simmons, receiving stolen property, acquitted. During the proceedings a juryman named Benjamin M'Kelrah escaped and was fined £3. The ninth half-yearly meeting of the South British Insurance _ Company was held to-day. The report is as follows : — The directors have pleasure in presenting to the shareholders the following report and statement of accounts for the halfyear ending February 28, 1877:— Sum received on preminm account, £57,908 16s lid ; interest received and accrued, £3690 12s 2cl ; transfer fees, £17 15s ; losses and re-insurance account, £37,019 13s 2d; agent's commission, salaries, printing, and general expenses, £10,105 12s 7d ; amount standing to credit of investing account, £110,844 Us lOd; balance standing to credit of profit and loss account at close of books, including interest and amount brought • forward from last half-year, £20,962 Is 3d. Insurance companies being constantly liable to extraordinary losses, your directors feeling that it is necessary gradually to strengthen the reserve fund, have therefore carried to the reserve fund £10,000, making that fund £40,000. This leaves a balance of £10,962 Is 3d, from which the directors recommend the payment of a dividend of 2s per share, being at the rate of 10 per cent, per annum on the paid-up capital of the company. The shareholders will be glad to learn that the new offices of the com- " pany at Dunedin are completed, and the business of the agency is now transacted therein. It is a handsome and commodious building, in a first-class position. Plans for the offices of the company at Christchurch have beeiv approved, and the erection of the buildings' will be. shortly commenced. The company is much indebted to the Dunedin and Christchurch Board of Directors for the trouble they have taken in regard to securing excellent sites and offices. . The Brisbane offices, it is expected, will be completed and occupied befox'e the close of the present halfyear. The report was adopted. Votes of thanks were passed to the Dunedin and Chiistchurch directors. The retiring auditors were re-elected. The dividend is payable to-morrow. The Kurunui Hill have struck a 1 goldcarrying leader, and have cut in 640 feet to a rich patch. The leader is a small one, in the Long Drive's ground. Shares rose to 50s, but fell to 30s. CHRISTCHURCH, April 9. At the Supreme Court, to-day, R. A. Buchanan, late clerk at the Akaroa Resident Magistrate's Court, was charged with embezzlement. From the evidence given it appeared that Buchanan received for acting as Clerk of the Court, Customs Officer, and Postmaster, the sum of £120 a year. The books of the Resident Magistrate's Court showed that they had been kept in a very curious manner. The jury returned a verdict of not guilty. Judge Johnston, in discharging Buchanan, took occasion to refer to the loose manner in which some of the Goverment departments were conducted in the country districts. He said it would be well if a stricter supervision wore kept over them generally than appeared to be the case at present. His Honor thought this could be clone by a periodical visit of inspection being made by an officer of the Government. Nathan Powell, convicted of horse stealing, was sentenced to 3 years' imprisonment with hard labor. The Board of Governors of the Canterbury College have decided to advertise for a lady principal for the Girl's High School at £450 per year, and a bonus of £5 for each pupil ; also, to ask the Government for an endowment of five thousand acres of agricultural land for a school. The Board has appointed a committee to select a farm for the purpose of an Agricultural School. GRAHAMSTOWN, April 9. The Moanataiari returns for last week are 5580 ounces. Shares have receded to £16, cum dividend, the latter being £2 10s. . Gold has been struck in the Piako (formerly the Bright Smile) at a depth of 456 feet. This intelligence was followed by the news of gold being struck in the Pumping Association's low level in the ground of the Hurunui Hill Company. There is great excitement over the latter event, and shares have risen. REEFTON, April 9. The result of the Caledonian crushing was 5030z. lodwts. of retorted gold from 60 tons of quartz.