AUSTRALIAN TELEGRAMS.

New Zealand Herald, Volume II, Issue 541, 7 August 1865, Page 4

AUSTRALIAN TELEGRAMS.

Sydney, July 18. The annual meeting of the Pacific Insurance Company was held to-day. From the statement submitted to the shareholders a loss was shown on the year's transactions, and hence no dividend was declared. The premiums, fire and murine, received during the vnr had been very large, amounting to £80,000 (£79,999 18s 4d), or, deducting £23,511 for cost of agency commissions, returns for short interest, re-insurances, and expense of agencies, an available amount of £56,488. To this waa to be added £1017 balance from j.revious year, and £1730 inteicst on investments, making a total of £59,266. But this was still £4350 less than the year's expenditure and losses, which bad been very severe. Tin marine losses amounted to £37,352 and the firo losses to £19,932; the expenses of maungement were £4261, the dividend paid in January last was £2000 and £40 had been written off tlie value of the office furniture, making the total outgoings £63,617. The reserve fund amounted to £27,500 at the previous yearly balancing. 1

New Insolvents. —Michael Reardon, CamDefiC""" laborer. Liabilities, £23 lls6d. Assets, £12 -,* 1 ' John Gostelow, Paddington. painter. Liabilv"" £100 3s. Assets, £51 4s 6d.—Patrick M'iiJ"' Terraae, laborer. Liabili iea, £101 10a. i, 56 ' 1 £103 5s Id. Surplus, £2 4s 12d. Advice received that on 26th May Prirr Com, sustained decision of Supreme Court in municipality case, holding that municipality n „' 1 properly constituted. e! i he Gil BLs has been wrecked off the j,,. , Baffle Creek. ' s ' A despatch has been received from the of State authorising James Martin, Esq.. ei. D "„ m r \ to use the title of "Houorable." ' Markets quiet. Maize unchanged. MELEOCK? B, J U IJ. JJ In the Assembly to-day the Speaker g:ue it a ,'v opinion that lacking the Tariff bill to the tion Bill was irregular, and contrary to the Orders and practice of Parliament, but left it tj t k\ House to decide whether thij cou-ec should be a precedent. The Victorian Veterinary College has been op«M Private advices from America state that Au,tr„iiV quotation for tobacco would likely chock any shipments being made to the colonies, an fro® if; prices now ruling there, and the export tai opn cents a pound now being levied, a loss would be cer. tain. July 19. There is very little doing in breadEtutfs, iraav-;. tions being chit fly for immediate requirement! Kerosene is more active ; about 4000 cases * E ,j bought to-day on private terms. Bulk ales are 1-., firm ; Bass's No. 3 is offering at £7 10s. Atauajri, a small lot of case goneva wa3 sold at prices mnginj up to Bs. Hd. 400 tons of new Patna rice wtttjjl at £24 10s. to £25.

Ju, J 25. A deputation of gentlemen connected «i 1, []~ Riverine district are to wait upon the Chief >scretury, on Wednesday, to solict the aid of the Government in relieving them from the present stj. tem ol Border duties.

The Age states that if the tariff be rejected by ft. Legislative Council, the Assembly will refuse to niTi another, and that the Government will be prep lw j to discharge the civil servants. Such a threat ob. tainirg currency causes some uneasiness. The Corporation has refused the Eastern MatVe> wherein to holds monster meeting in favour of tl< tariff. Mr. L. Cockburn, of the Murrumbidgee district, has filed his schedu.e. Liabilities, £11,000; aM;:,, £4,000. A rule nisi has been granted, calling upon tea Hon. Matthew llervcy to show why his estate »hau!d not he sequestrated. It is und.retood that M:. Hervey's liibilitiea are entirely in connection with his piatoial pursuits. Some parcels of wheat have been sold at 10s., but most holders of large parcels ask higher rates. Small sales of new rice have been effected at £25. Commercial advices from New Zealand are Terr unsatisfactory. Several failures have oecurrtd st Dunedin, the heaviest being that of 1 azarui aid Co., for £25,000, and JlcPhersyn, for £20,000. QttkENscliff, July !5. The Douglas, from Batavi;i, brings as pisiengerj several Adam's Bay settlers, who were picked up 03 the sea in an open boat, they having abandoned tts settlement. Lewis's Company, with the Edo?ea family, are also passengers. Adelaide, July 18. Captain Hart has given a notice ol (motion intended to ex jres-thiit disapprobation of Parliament with the terms of the new pusta' arrangements, s;d further proposing that the conditions imposed be not agreed to during the present sessi in. Ihe Government have issued the conditione fa the Kailvay L -asing Tenders ; the time for receiving tenders is extended to 15th October, uules9 previously sold. A majority of the Judges of the Supreme Court have decided 'hat the Local Courts Act is invalid. 1 his decision will cau e much confusion. The Chief Justice upholds the validity of the Act. A movement to erect a Sailors' Homa has been initiated at the Port. Buyers of wheat offer 9s. per bushel; there ate no seliars at that price. Flour, £19 18s to £20 10s. July 19. Considerable excitement was caused by the decision in the Supreme Court, yesterday, on the Local Oou: ts Act. The Couit adjouru-jd to-duy in consequcnce. Wheat is very firm; sales are repirted at 9«. Id. There is some inquiry f or flour, but no tran:i>i':oc!, ; prices not satisfying hoi' eis. Arrived. —Dodo, from Mauritius. July 22. Reports "nave been receive! from Wallaroo snd far North that tho rains there have done cots.derable damage. The t< remost t'/>ic just now is the invalidity of the Local Courts Act.

The imporiationß of carcase beef from Melbourne, per steamer, meet with ready sale. Candles are inquired for at lOd. to IOJd. for foreign. Prime Southern twist tobacco, sound, i; quoted at 2s. 6d per lb. U. V. C. brandy, in bulk, is dull of sile at 7s. 6d.; in case, small sales hs'e been effected.

Wheat is quoted at Bs. 9d. in town, and Ss. lid. at the port; there is no alteration in the price of flour. July 25.

Steps are being taken to summon tha Court of Appeal and to enlarge its jurisdiction, in spite of the d-cision of the majority of the Supreme Court Judges hf its non-existence. The late an! prcjeat Chief Justice, also the Attorney and SolicitorGenerals of England, uphold the existence of the

Court. A South Australian coal company is in course ot f.itma'ion.

Coffee and tea are improving in price. Kerosine is in demand. Bulk porter wanted 'I'he cargo of sugars ex Dodo is to be offered <® Wednesday. The new issue of shares at the National Bank £2 piemium are likely to be all taken up.

Moonta shares are quoted at £171. f No sales in wheat or flour to report. Holders o. wheat refuse to sell undrr 9s. at the Port. Flour H quoted at £19 10s. to £20 10s. Tasmania (via Melbourne), July 1° At Hobart Town, Adelaide wheat, 10« ; " our i £22. Colonial wheat, 9s. 9d. j flour, £21 !os. At Launceston, wheat was quoted at 9s. 6d ; fl° ar ' £21 to £22.