VICTORIA.

Hawke's Bay Herald, Volume XXX, Issue 10071, 12 August 1895, Page 3

VICTORIA.

Melbourne, Saturday. The Age Btates that the suspension of the City of Melbourne Bank will,, not materially affect local Interests. Tbe remits which had long been previously anticipated In finanoial circles, will be most seriously felt In the country districts, where large sums had teen advanced on mining plant, and on calls to come In. If tbe borrowing companies cannot transfer the loans, In some Instances they will have to wind np. There are strong hopes that arrangements will be made to reopen the bank. The Argm doubta whether the British creditors have taken the wisest eonrse in closing the City of Melbourne Bank, and says there Is no use blinking the fact that tbe confident multitude of Scottish depositors in the Australian institutions has bronght more disastrous results to Scotland than the closing of the ill-fated City of Glasgow Bask. ' i

At a sale of racehorses Mr Charlton bought Capstan for 396 guineas, and Mr 'D. S. Wallace the twn year-old Carbine filly Ammunition for 200 gnlneas. - The migration of farmers from 7arra< wonga and the- surrounding districts to New Sonth Wales continues. Many, especially the younger men, have already departed, and others are preparing to be ready to leave when tbe New South Wales land U thrown epen for seleotlon under the new bill. The men are chiefly locating themselves in the south end of Klverlua, and tbe halving system is being extensively adopted. A obarge of gelllgnlte placed in the letter box of the office of the Dayleaford Advocate exploded, and partially wreaked tbe bnlldlng. Fourteen other charges which had not exploded were found in the building.

• A memorial service was held in the Cathedral foe the martyred missionaries. A fire broke out on the steamer Orient In a bunker where tea was chiefly stored. The compartment was watertight, and the fire was confined there. Offing to tbe water poured in, the steamer had a dangerons list, and bad to be hsnled on an even keel before operations for extinguishing tbe fire oonld be proceeded with.