ENGLAND.

Hawke's Bay Herald, Volume XXXII, Issue 10629, 7 June 1897, Page 3

ENGLAND.

(Received June 6, 0 p,m.)|

London, June 4.

In December last 6. Brooks, an ex* Congregationalism minister, brought an notion against Truth, Mr Labonohere'a paper, claiming damages In respeot of artloles acomlng him of Imposture by means of begging letters. The trial resulted In a verdict for the defendant newspaper, Yesterday Brooks's son mot Mr Labonohere in the street and assaulted him.

Mr Justice Yanghan Williams has sanctioned the Queensland National Bank rearrangement scheme,

[Reoelved June C, 6,20 p.m.)

The contingent of Australian troops by the Orotava landed and proceeded by train to St, Panning station, where they were met by Mr Balllle Hamilton, of the Colonial office. The drum and fife band of the Soots Guards were also at the atatlon and played a maroh to Chelsea barracks. The colonials were greeted trlth mnob cheering en route.

Sir W. V. Whlteway,, Premier of New. foondland, ia negotiating with Lord Ballsbnry for a settlement of the French shore question In Newfoundland by a treaty with Paris. The Frenoh fishermen have been granted certain rights on the coast of Newfoundland, bnt now claim the exclusive right to fish along the coast from Cape St. John to Cape Bay, and frequent tronblea have arisen over these claims.

The Committee of the "A" sod " B" de. bontore holders In the New Zealand Loan and Mercantile Agency Company have recommended a aoheme for the readjustment of the capital account. The director* are of opinion that the scheme remorse tU pojodblUty of a call and pate

the Company In a thoroughly «onnd position, both bs regards interest* and assets. Meetings to oonaider the eoheme are to be held on Juno 16th. In the oourse of nn interview with the Sight Hon. J, Chamberlain Mr Seddon learned that a formal conference botwQon the colonial Premiers and the authority of the Colonial Office will begin after tho Jubilee colebratlone. The subjeota to bo discussed will be oloser trade relations between Great Britain and the oolonlcs, proposals with reference to the Investment of trust funds, an inorease of tho Australian auxiliary squadron and improving the oolonial land defenoes, legislation with referenoe to the exclusion of aliens from tbe colonies, questions bearing upon the administration of affairs n the Paolfio— ohltfly Samoa. Mr Chamberlain said that he thanked tbe colonies for their splendid response, to his invitation to participate In the jubilee celebrations. He was delighted with the great ohange In British feeling with regard to the oolonles ; it wos not a question of lentlment but of conviction. He referred to tbe lnoreaolng value of the trade be> tween Britain and the colonies.

(Received June 6, 7,&0 pitn,)

June 5.

The New Zealand Loan and Mercantile Agenoy Company's readjustment is on the following lines :— Prior lien deben. turoa to remain untouched ; "A" debentures to receive 10 per oent of present) stock in new 4 per cent debentures on 40 per oent ot whloh in. terest is a fixed charge; 10.0 GO preference £1 shares are to be issued to trustees, who will lsane against these 1,000,000 certificates, of wbioh 30 per cent can go to "A " and "B * debenture holders, one oerlifioate to every ordinary folly paid up share and one for every two prefereDco shares. The scheme reduces the fixed yearly interest on debentures from £145,000 to £104,000, and oaneels £2,500,000 worth of debentures and shares to provide deficiencies and readjust the capital account. Hereafter tbe capital amounts to £3,311,320, the paid-up shares capital being written down to £138,375.

The uncalled capital remains liable to a call, bnt the directors ore of opinion that tho scheme removes all possibility of a oall.