LATE CABLE NEWS

New Zealand Times, Volume LI, Issue 8523, 1 November 1888, Page 5

LATE CABLE NEWS

Bv Electric Telegraph.—Copyright.

(per press association.)

(Received October 31, 8,20 p.m.) ENGLISH AND EOREIGN. London, October 30.

The ironworkers in the North of England have refused the offer of an advance of, 5 per cent made by the masters, and are still standing out for an advance of 10 per cent. Admiral Hornby and Lord Alcester insist that thirty additional ironclads and 250 cruisers are essential for the proper defence of the Empire. Lord Alcester condemns the Orlando, the new flagship of the Australian Station. Wm. O’Brien, M.P., has induced Lord Kemnare’s tenants to adopt the Plan of Campaign. St. Petersburg, October 30. During the journey of the Czar and Czarina to Azoff the train was thrown off the rails. The occupants, however, were unhurt, Berlin, October 30.

The Emperor William has laid the last stone of the new harbour works at Hamburg. Great enthusiasm was displayed on the occasion. Washington, October 30.

It ia reported that Mr Bayard, Secretary of the United States, was much irritated with Sir L. Sackville West some time ago, believing that he deceived him during the Conference on Samoan affairs respecting England’s attitude with regard to that country. (Received October 31, 11.40 p.m.) London, October 31. An Adelaide wheat cargo has been sold at 42s 3d.

An order has been made by The Timos-Parnell Eoyal Commissk-n for the production by the banks of the books belooging to the Land and National Leagues. Sir H. W. Norman, Governor of Jamaica, has been offered the Governorship of Queensland. San Pbancisco, October 29. Arrived, on Saturday—Alameda.

(Received October 31, 10.40 p.m.) AUSTEALIAN NEWS. Sxdnet, October 31.

Sailed—Hauroto. Sir James Hector is a passenger; Mariposa, for San Francisco, via Auckland. The man De Vere, who stuck up the English, Scottish and Australian Chartered Bank on the 15th instant, has been sentenced to seven years.

Wisby, who was injured in the railway accident at Fish river tanks on Sunday morning, died to-day. The South Pacific Petroleum Compaay’s annual meeting to-day was adjourned for a week pending the receipt of the report from Gisborne respecting a test of the well which is now being made-

Adelaide, October 31.

Disheartening accounts continue to reach town from the pastoral districts. Owing to the severe drought on the Gawler Plains half the wheat heads are without grain, and grasshoppers have eaten all the grass in the district lying around Quorn. Melbotjbke, October 31. Arrived—Mararoa.

(Received November 1,1.15 a.m.)

NEW SOUTH WALES BUDGET. October 31.

The Colonial Treasurer Mr Burns, delivered his Budget speech in the Assembly this evening. iThe statement showed that the total revenue, for the financial year was L 9,499,664, and the total charges L 8,888,072. The Estimates to the end of the year show a credit balance of L 329,965. The Treasurer estimates the charges on the year 1889 to be L 8,876,166, including the sum of L 250,000 refunds for rents from squatters and rabbit subsidies. The Revenue Estimates, inclusive of the credit balance from the year 1888, are L 9,243,610, leaving an estimated surplus of L 367,444. The statement referred to the intention of Government to introduce proposals for water conservation, irrigation, and other great public works to be carried out from funds out of the loans. No further taxation will he proposed, . and no legislation will be introduced dealing with the deficit of the years 1885 and 1886, which it is proposed to cover by issuing Treasury bills or short-dated debentures. The Treasurer went on to congratulate Parliament upon the improved prospects of the colony. Thirteen members of the Legislative Council some time ago signed a memorandum protesting against the appointment of new Councillors,-, and forwarded it to his Excellency the Governor. Lord Carrington sent the protest to Lord Knutsford, accompanied by a memorandum fromthe Premier justifying the appointment on the ground of expediency, and urging the necessity for making appointments of new members to fill the places of those incapacitated by old age. Lord Knutsford has now replied approving the appointments on the grounds urged "by Sir Henry Parkes.

The New Zealand Loan and Mercantile Agency Company (Limited) have received the following cable advice from London, dated 26th ultimo Tallow—Market is irregular, and the demand is purely speculative and partly consumptive; good mutton tallow is worth 80s 6d per cwt j good beef tallow is worth 29s 3d per cwc. Frozen meat —There is no demand for either lamb or mutton; the market is glutted with

supplies of American beef; Canterbury mutton is worth 4fd per lb, and Wellington mutton is worth per lb. New Zealand hemp Medium quality is worth L3O per ton.