Cable News.

Hawke's Bay Herald, Volume XXIX, Issue 9722, 3 July 1894, Page 5

Cable News.

G'EIl PKESS ASSOCIATION.—COPY EIGHT ] ENGLAND. London, July 2, Kiunncicrs approve tho Rink of New Zealand Act. They consider It will gicatly strengthen tho Institution, and create a State bank. If the English shareholders in the Bank of New Zealand are assured that no call will bo required, tbe tchetne may be regarded as a succcstful one. Bankers and brokers approve the removal of the head oilico (o Wellington. They consider that tho money required can be easily obtained In London. la order, however, to properly mtdcistand the position, tiio full text of the bill I* required, as the cables received are ambiguous, oml the exoct position cannot be understood. The old shares are quoted at £2 10> and the new Issue at £3 ss. AMEItICA. Washington, July 2. The Federal troops have been ordered to secure tho hen running t-f trains In Colorado. The militia have occupied Danville and Decatur in Tennessee. NEW SOUTH WALKS.

Sydney, Tuesday. The highest juice realised at the Mad sheep sales yesterday was , r >oo guineas for an imported American ram, named Golden Drop. VICTOHIA. Mkliioubnk, Tuesday. The Government have decided to make farther reductions in the salaries of Ministers and members of Parliament, and to abolish the annnai Increments to public rdlicer.s. Prohibitive duties arc to he reduced to n revenue producing point. The Government have instructed the Agent-General to co-operate with Mr Valentine, the New Zealand dairy expert, an their interests arc Identical. Mr Valenlino exprc-scs the opinion Ihst If harmony ensued among shippers New Zealand would he placed in a superior position as regards shipping arrangements to Victoria. The dairy farmers In the latter colony are agitating for a better system of distilhoTin in the Home market, ond ho warns producers against making arrangements with largo mercantile firms, unless they guarantee a proper system of distribution, otherwise It will mean simply a repetition of past troubled

SOUTH AUSTRALIA. Brisbane, Tuesday. * The revenue returns for the year show • dr crease of £t02,000 as compared with tbe previous year. The deficiency for the past year amounts to £6OOO. WESTERN AUSTRALIA. Perth, Tuesday. The first small-pox patient is dead. TASMANIA. Hobart, Tuesday. The revenue for the half-year has decreased by £14.500.