GENERAL CABLE NEWS.

New Zealand Times, Volume LV, Issue 2043, 28 October 1893, Page 2

GENERAL CABLE NEWS.

By Telegraph.—Press Association. — Copyright. Received October 27, 8.10 p.m, A JUDICIAL DECISION REVERSED. Hong Kong, October 26. The Superior Court of Shanghai has reversed the decision of the Japanese Court in the case in which the P. and O. Co. claimed damages in connection with the collision between their steamer Ravenna and the Japanese dispatch boat Ohistima, in November last, and has allowed the company costs. The decision of the Japanese Court was against the company. Special. — Receii'ed October 2S\ 12.35 a.in. FAILURE OF A PRUSSIAN BANK. Berlin, October 27. The Bank of Cassel (a town in Prussia) has failed. The liabilities of thd institution amount to four million mark.?. A PEER'S BROTHER SHOOTS HIMSELF. London, October 27. The Hon Frederic Howard, brother of the Earl of Effingham, has committed suicide by shooting himself with a revolver. He has been suffering from ill-health. CABLE ACROSS THE X^ACIFIC. New York, October 27.

The general opinion in business circles in New York and WashiLgtou is that the United States ought to encourage the laying of a cable between California, Hawaii and Japan.

AN EXTENSIVE LONDON FAILURE. London, October 20.

Abraham Steer, contractor, Victoria street, S.W., has failed. His liabilities are stated at *£274,000, and his assets are estimated to produce il9-000.

ENGLAND AND RUSSIA. St Petersburg, October 26. The Gafathdaniri; a leading Russian newspaper, publishes an invitation to a British squadron to visit Russia, and assures the officers and crews that they will receive a hearty welcome.

THE COLONIES AND THE ENGLISH • ■ MONEY MARKET. " * London, October 26.

In the course of an article respecting the finance of the colonies, the Investors' Review assorts that thirsty South Australia is already overloaded, and must borrow in Loudon to keep afloat. The paper goes on to suggest a more complete severance of the colonies from Great Britain, and refers to the Governors as a useless expense. New South Wales and Victoria, it says, are still hugging old delusions,, while their revenue declines. It advises the adoption of a scheme ,tp solidify the entire colonial debts, ensuring that they shall be a first charge on the revenue. - ~

Rumours are current in the City that QusenslandTreasury bills are being floated in London. DISMISSED,FROM' Till; SERVICE. ‘ Washington, October 26. ’Admiral Stanton, of-the U.S, ; Navy, lias been dismissed from the service for saluting Admiral Mello, the • Brazilian insurgent leader.