TELEGRAMS.

Oamaru Mail, Volume IV, Issue 816, 23 November 1878, Page 2

TELEGRAMS.

WELLINGTON". November 22. It is stated that a movement is on foot for the establishment of a new Loan and Investment Co. on a simiiar basis to the present Wellington' Trust. Loan, and Investment Co., with a proposed capital of LIOO,OOO. The operations of the Association would be confined chiefly to the Wellington Provincial District.

The Chronicle says, regarding the constructing of the I-iutt-Foxton railway : —lt is the intention of the Minister for Public Works to commence it at once, and action in that direction will be taken before the end of the year. Some doubts arose about tlie question of Native title. The Native Minister has carefully inquired into the position of existing negotiations for the acquirement of the land over which the line must pass. It is believed that all obstacles in the way of completing these negotiations will be overcome, and that a large area of land will pass into the hands of the Government. It is said that the Government will make known in a clay or two what they intend to do in regard to the petition some time ago presented in favor of O'Connor, sentenced for attempted poisoning. The Native Minister has left for Taranaki per Stella. November 23.

The New Zealand Loan and Mercantile Agency Company report, under date London, November 20, as follows :—Nine thousand bales of wool have been sent to the manufacturing districts direct. The opening catalogue contained 7000 bales of cross-bred and inferior. Medium and inferior greasy have declined Ad to Id per lb. Scoured has fallen Id to lid per lb, and washed clothing has declined Id since the close of last sales. The principal advance has been in medium and inferior washed. There is moderate competition on French account, and holders are prepared to accept lower rates. The sales will close on the 19th. CHRISTCHURCH. November 23. At a meeting of the Anniversary Sports Committee last evening, it was stated that the public greatly approved of the sports being removed from Latimer Square to Hagiey Park. Between L3OO and L4OO has been collected for the sufferers by the Waimato fire up to the present time. The General Manager of the New Zealand Shipping Company has received a telegram dated London, 20th November, reporting that the delay to the ship Piako was not likely to be serious. Public subscriptions are being made for the Portuguese east: I .ways, whose signed statements as" to their sv.Terings appear in this morning's papers. It appears that while 011 the bottom of the boat they were so reduced to hunger as to eat the leg of one of their dead comrades.

INVi'.^/'ARCTLL. Nover..ljer 22. Judge Harvey delivered judgment to-day in the case of Daniels versus Hayes. He upheld the judgment of the Warden's Court and awarded a third share in Hayes' claim to the plaintiff. AUCKLAND. November 22. A telegram from the Hon. Mr. Sheehan to Mr. Swanson, M.H.R., expresses his pleasure that Auckland rendered due honor to the pluck. and ability of the Australian cricketers. Messrs. Conyers and Lawson, accompanied by Mr. M'Donald, manager, visited the Waikato line to-day. WESTPORT. November 22. An extensive limestone cave has been discovered near White Cliffs, between Westport and Reefton. An explorer described it as a magnificent sight when illuminated. A creek traverses the cave. Private information from Lyell says all the Reefton quartz miners are passing through the township en route, for Wangapeka, where a rich reef has been discovered.