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New Zealand Times, Volume XXIX, Issue 4248, 31 October 1874, Page 2

We have later cable news by the Macgregor at Auckland, and Alhambra at Hokitika. The foreign news is not very startling. Nana Sahib, who has been in hiding in Hiudostan since the suppression of the great mutiny by the late Lord Clyde, has been arrested, and is in custody under European guards. Doubtless tills miscreant will be brought to trial for his enormous crimes and treachery. It is fortunate for him that ho has been able to evade detection until now, when men’s passions have had time to cool down from the high pressure of excitement produced by the startling events of the Sepoy mutiny. We hope that no undue haste will be taken in the settlement of his case. Nana Sahia is able to throw more light upon the events antecedent to the outbreak than any man living, and we think the Indian Government should endeavor to obtain from him a true history of the conspiracy in which he was the central figure.

The Australian netvs is much more interesting to us in Hew Zealand. Mr. Thomas Russell has returned from Sydney, having made satisfactory arrangements with the New Smth Wales Government for continuing the California mail service. Steps are to be taken to enforce the penalties against Forbes and Hall. The country will be pleased to learn this. If the scandalous proceedings of Hall, and the default of his backer, Pobbbs, had been condoned, fliere would have been a premium offered to speculators to defraud the colonies. Mr. Russell is to be congratulated on tie success of his negotiations.

The failure of the Victorian loan in London led to a debate in the Assembly, in which the arrangement of the Government was severely censured. There can be no reasonable doubt that the failure was partly owing to tie cause stated by Sir James MoOullooh and Mr. Langton, but, as we have previously pointed out, the vicious fiscal -policy of "Victoria had far more to do with it. Hews from New Caledonia reports the massacre of the Auckland cutter Lapwing, at Santa Cruz. The nitives burned the vessel, and attacked the war schooner Sandfly, but she managed to make her escape. It is clearly the duty of the Imperial authorities to punish the perpetrators of this crime. One of Her Majesty’s cruisers should be despatched to chastise the islanders, who appear to have acted with deliberation. The laboring men of Sydney are to enforce 10s. a day of eight hours. South Australia is going in for a large loan for public works.