ENGLISH.

New Zealand Mail, Issue 1196, 1 February 1895, Page 34

ENGLISH.

London, January 18. The Pall Mall Gazette says tho Scotch banks have not yet decided to guaiantoe the deposits of some of tho reconstructed Australian banks, but negotiations on tho Bueject are proceeding. The Official Receiver has examined Messrs Moldruci, Cuthbertson and Anderson, mainly to ascertain whether tho Bank of South Australia paid tho recent dividends out of capital. Tho New Zealand Trust and Loan Investment Company has declared a dividend of 7 per cent. London, January 19. / Lord Rosebery has addressed a groat meeting of 10,000 people at Cardiff. In tho course of his speech tho Prime Ministers said that next session’s programme would bo purely a businoss one, pending tho elections. Tho Disestablishment of tho Church of Wales would bo taken first, and then measures dealing with the liquor traffic. The question of One-man-one-voto and the Scotch Church Bill would also receive attention. Payment of membors would admit an abundance of working mon to tho House of Commons.

Regarding the measure to bo introduced dealing with tho House of Lords, he declared that there was no* intention to destroy the Upper Chamber. All that was wanted was a better adjustment of relations with the House of Commons. Tho Premier next referred to a motion tabled towards the end of tho session, which he said hinted at murmuring discontent in tho Liberal camp. In connection with this ho urged strong unity, as if the Liberals were defeated at the next poll it would be more difficult to recover tlioir position than formerly. London, January 21. Lord Rosebery, in his Cardiff speech, said that the discontent among the Liborals was merely on tho surface, and that they had a good working majority. Tho geneial election, the Premier said, would probably take place in the immediate future.

At the half-yearly meeting of the Union Bank of Australia, the balance-sheet shdwed a profit of .£69,000. The deposits amount to .£16,800,000, the public securities, and cash items to £6,144,000; advances, bills receivable and discounted, £16,280,000.

The directors in their report state that they have made large reserves for doubtful dependencies.

London, January 24. The town of Kuehan, in Persia, has again been destroyed by earthquake. Many people wore killed. A hundred women wore crushed to death in a bath.

Mr Cecil Rhodes, Premier of the Capo, addressing the shareholders of the British South Africa Company, said there would be no more fighting with the Matabolo in the future. The Customs Union of tlio ■whole of South Africa was, ho said, certain to be effected.

The ship Port Errol, from Glasgow to Adelaide, caught fire in tho Clydo, and was badly burned. It was found nocessary to scuttle her.

A rumour that Sir 11. Blake was to be appointed Governor of South Australia proves to have emanated from an inferior source.

The press generally ignored it, and tho Colonial Office state that his time in Jamaica was recently extended. Ho has not been approachod on tho subject, and after the storm aroused by his proposed appointment to Queensland, never will be.

The Roman correspondent of the Daily Chronicle says that Cardinal Vaughan’s interview with the Pope convinced the latter that the hopes of a re-union with the Anglican Church were much exaggerated, and without reasonable basis. The Pope has given up the proposed conference of Cardinals, and will not appeal to the English Church. Cardinal Vaughan told tho Pope he expected an increase of converts to Catholicism from the Ritualists.

A labour agitator wroto to Lord Ripon that there were 50,000 unemployed willing to emigrate if they were granted freo or assisted passages to tho colonies. Lord Ripon rop’iod that tho project was impracticable. At a meeting of the Bank of South Australia shareholders, Mr Stewart announced that he had received .£70,000 from tho repurchase of the South Australian assets. The Australian Mortgage and Agency Company’s balance-sheet shows a credit balance of -£30,000, which tho directors consider it will be prudont to carry forward, owing to the depression, They propose, however, that an intorim dividend of 5 per cent, shall bo paid at midsununor for the current half-year. The shares in the Jubilee Mino (Thames)

havo boon allotted. The capital of the company is .£IOO,OOO. The vendors of tho Jubilee Mine receive .£75,000 in shares, the rest being offered to tho public. At tho election for Evesham Mr Long, tho Conservative candidate, defeated Mi Impoy, Liberal, by 47G0 votes to 3585. Lord Salisbury considers tho victory of tho Conservative candidate at Evesham a very significant comment on tho present current of iiolitics.

London, January 2(5

St. James' Gazette ridicules Lord Rosebery for only obtaining' arbitration in tho case of the Costa Rica Paekot after threo year’s diplomacy.

London, January 27

At a mooting ol : the promoters of tho Londonderry 'mine, the chairman said they would bo unable to exhaust it in a generation.

Lord Fingall said tho present reef would produce 20,0000 z to the ton, and 20 feet deeper (JOQoz. Tho Secrotary stated that 480,000 sharos had been applied for.

Tho stoamer Escurial was wrecked in a gale on tho Cornwall coast. A lifoboat which went to her assistance was driven on shore.

Eighteen of those on board the steamer jumped from the rigging, and ondoavoured to swim ashore, but ton wore drowned in sight of tho spectators. Mr Gavin Scott, of Sydney, who is visiting Europe in connection with the development of tho export of Australian timber, is satisfied with the iirospccts °* ! tho new industry. He says it is imperative that timber should bo shipped well seasoned and free from gum voins. It should bo sawn true, and allowance made for shrinkage on the voyage. London, January 28.

The Morning Post trusts that tho Conference of Promiers at Hobart will discuss the question of contributing to tho cost of Imperial defence. Lord Brassoy informed Lord Ripon that his interest in Victoria and liia desire to serve the colony would not be lossenod by the reduction of the salary for tho Governorship. This referred to the intimation that tho amount would be reduced to .£SOOO (since altered to J 27000). Tho Orient Steamship Company has raised steerage rates to ,£ls. The Times condomns tho proposal to remove Sir Poland Vaughan Williams from the Bankruptcy Division of tho High Court of Justice, whore ho has beon dealing with matters affecting the winding up of public companies. It eulogises his fearloss conduct towards directors, and rogards the proposal of the Lord High Chancellor as scandalous.

London, January 29

Tho Daily Chronicle condomns the removal of Judge Williams as the most serious scandal in tho annals of British justico this century, and doihands that ho shall bo instantly replacod. Other newspapers publish articles in [a similar strain. The committee of shareholders in tho Bank of New Zealand appointed to oxamine into tho possibility of resisting the call report that Mr Cozens Hardy advises that the call is legal, but that there is no liability for the note issue. The Hon Mr Ward has cabled that no further call is contemplated. Mr J. S. Hill, chairman of tho Union

Bank of Australia, speaking at tho halfyearly mooting, paid the docroased profit was duo to tho excessive cash balance it had boon found necessary to keep in hand, and to tho low pricos of produce. The directors oxpeetod tho call upon tho Bank of Australia would fully moot tho Union Bank’s claims.