LATE CABLE NEWS

New Zealand Times, Volume L, Issue 8348, 29 March 1888, Page 4

LATE CABLE NEWS

; Electric Telegraph.—Copyright, (PES PRESS ASSOCIATION.) (Received March 28, 0.15 p.m.) ENGLISH AND FOREIGN". Eio de Janiebo, March 27. The lonic left here last night for London. Passeagers all well and her frozen meat in good condition. Loudon, March 27. Mr Goschen announced that it was intended to impose surrenders to assist local taxation, and that a portion of the license fees and half the probate duty would be applied to the same purpose. The necessary funds for Naval defence would be raised by s loan payable as annuities in ten years. Ireland is to be exempt from the vehicle tax, which imposes 2s Gd on wheel traffic, LI on pleasure horses, aud L 5 on racehorses. The press generally approve the Chancellor’s proposals. (Received March 29, 1.30 a.m.) London, March 27. It is understood that the Canadian manufacturers have decided to compete at the Melbourne Exhibition, and that they will make a splendid show of agricultural machinery. The Australian stocks are recovering. The assent of her Mrjesty the Queen has been given to the conversion scheme of the Chancellor of the Exchequer. Obituary.—Mr Dwyer Gray. The New Zealand Loan and Mercantile Agency propose to increase their capital to the extent of L 1,000,000, aud one half of this amount will be issued almost immediately. At a meeting of the Liberals the County Government Bill was freely discussed, aud it is understood that the main principles were generally approved. Porliament has adjourned for the Easter holidays. The temperance societies and the local optionisls are organising strong opposition to the licensing proposals set forth in the County Government Bill. The Duke of Sutherland has offered the crofters holdings on 20 miles of deer fores's. The wool catalogue for the next series is almost complete, and the market is slightly firmer. Tfio death of the Sultan of Zanzibar is announced. The ironclad Nile has been launched at Pembroke, Berlin, March 26, It is reported that the Emperor Frederick and Empress Victoria will be crowned at Konigsberg, the capital of East Prussia, in June next. The inundation caused by the River Elbe was due to the breaking down of the banka of the river. Paris, March 20. The inquiry iuto the conduct o£ General Boulanger has concluded, and the result is that he will be finally placed on the retired list. Massowah, March 20. Twenty-five thousand rebels have surrounded Saati, and it is considered that an attack on that city is imminent. (Received March 28, 9.15 p.m.) AUSTRALIAN NEWS. Sydney, March 28. The Evening Nows states that the inquiry made by the municipal authorities into the alleged frauds shows that there has been a triple system of plundering carried on for upward o£ twenty years, large numbers of the weights, parcels, and articles supplied, by the contractors having been altered. The amount of the fraud is likely to swell to £IOO,OOO, Legal advice is now being taken as to the prosecution of several of the officers, and it is mentioned that the prosecution may extend to circles little suspected. The captain of the Changsha has been fined £420 for allowing seven Chinamen to escape from the vessel without paying the necessary poll-tax, (Received March 29, 1.30 p.m.) Sydney, March 28In the Legislative Assembly, the Premier justified the appointment of suspended municipal officers to the Sewage Board, as he was in possession of certain information which warranted the action taken. ( Mr Cooper has disposed of both Trenton and Niagara by auction. The former brought 800 guineas, and the latter 430. Melbourne, March 28. Chidley, the inventor of the flyingmachine, had a public trial to-day, but a strong wind blowing upset the machine, and the occupant was thrown violently to the ground, receiving rather a severe shaking. SPECIAL. (Received March 28, 9 p.m.) London, March 27. The financial statement delivered by Mr Goschen, Chancellor o£ the Exchequer, shows that there has been a gross saving of £711,000. All the departments show that economy has been carried out. There will be no additional estimates brought down- for the army and navy. The revenue for the year is £1,454,00G above the estimate, which leaves a surplus of £2,105,000. The Government supporters highly praise the proposals inthe Budget. The Opposition are,however, reserved in their opinions. The Times likens the proposals to those formerly set forth by Sir Robert Peel and Mr Gladstone. The Standard gives a qualified approval, but expresses dislike to the petty wheel and horse taxes, which it considers will costa considerable sum to collect. The Daily News considers the Budget ingenious and partially sound, but thinks it is doubtful if trie proposal to impose surrenders to assist local revenue is a wise policy.

It is staled that the French squadron in the Mediterranean fired twice at the Italian steamer iSolprino when between Genoa and Nice. The French naval authorities state that the firing was accidental.

Heavy withdrawals of gold have taken place for shipment to Germany* The New Zealand Loan and Mercantile Agency Company (Limited) Lave received the following cable message from their London office, dated the 27th instant :— Tallow— -Market steadier. It has been lower since last we telegraphed, but has recovered. Good mutton is worth 25s 6dand beef 23s 9d per cwt. Mew Zealand hemp —Medium is worth £2B per ton. [Frozen meat —Market unchanged.