LATE CABLE NEWS

New Zealand Times, Volume LI, Issue 8990, 15 May 1890, Page 5

LATE CABLE NEWS

8Y Klejtric Telegraph.—Copyright. (PER PRESS ASSOCIATION.) (Received May 15, 1 a.m.) NEW PLYMOUTH HARBOUR BOARD. London, May 12. The holders of the New Plymouth Harbour Board stock condemn the Bank and the Government lor the non-fulfilment of their obligationf, and are calling a meeting to consider the matter-

Sir John Pender, Chairman of the Eastern Extension Telegraph Company, has submitted fresh tariff proposals to the Agenfs-General.

GLADSTONE ON PROTECTION. Mr Gladstone, in presenting Ihe Cohden Club address to Mr Thomas Potter, admitted that Freetrade was undergoing a period of danger, and that its doctrines had lost much ground during the past quarter of a century, owing to a large extent to European militarism. Tho American and Colonial action in excluding the Chinese was Protection pure and simple. It was the virtues and not the vices of Chinese that were dreaded. He believed that Freetrade would triumph shortly in America. COMMERCIAL AND SHIPPING. London, May 12. Thirteen thousand quarters of New Zealand wheat have been sold at 34s 6d. English .is Is and foreign fid dearer. The Australian Squadron will sail in Ingust. (Received May 15, 1,30 a.m.) THE POSTAL REDUCTIONS. London, May 13, Mr Cecil Eaikes, PostmasterGeneral, states that at present the loss by the outward postal service to Australia is L78.C00, and that a reduction to a penny to India and Aus tralia would be an additional loss of L 130,000. CONGREGATIONAL UNION. Dr Biown, of Bedford, has been appointed chairman of the Congregational Union. THE CIVILISATION OF AFRICA. Bebdin, May 13. In the Reichstag General Caprivi said be reviewed the colonial policy with misgivings, but a relreafc now was impossible. Bullets and Bibles, he said, must civilise Africa.