SPECIAL CABLEGRAMS.

Oamaru Mail, Volume XVII, Issue 5462, 19 December 1892, Page 3

SPECIAL CABLEGRAMS.

By Electiiic Telegraph—Copyright. (special to press association. ) Received December ID, at 1 a.m.] London, December 18. Sir Thomas M'llwraith, in a letter to the Times, states that Australian beef has been succe sfully introduced into Egypt, and the tmde is developing. Mr Henniker Heaton estimates that the cost of the Imperial penny post would be L 70,000 annually. The proprietors of Pearson's Weekly Newspaper have been ordered to withhold a sum of L 20,000 prize money in " missing words" competitions. The Hon. H. Asquith, Home Secretary, and Lord Rosebery, Secretary of State for the Foreign Department, support the demand for taxation of ground rents. City financiers expreas gratification at the enquiries made into the management of the Mercantile Bank of Australia, and approve the suggestion that counsel should inform the Victorian Government of the result of the enquiries with a view to the latter prosecuting ihe directors. The Pall Mall Gazette, referring to the accident on board.the steamer Ophir, urges the Board of Trade to insist on the ventilation of steamers' bunkers. Received December 19, at 11 a.m.] London, December 18. At a meeting of shareholders of the Union Mortgage and Agency Company, the Chairman said, that the Australian colonies must freeze their surplus stock. He believed it would be possible to obtain large contracts for supplying foreign garrisons, but cool storage chambers must be first established. Truth denounces the conduct of the Dublin judge who passed a sentence of only 18 months on a laborer named Egan, who killed his wife and threw his child into the fire, whereby it, too, met its death. Calottta, December 18. Captain Younghusband has reached Yassam, on the frontier. General Yatoff is reported to have returned to St. Petersburgh, leaving the garrison in the Pamirs. The Kachins are raiding British territory. Lieutenant Bent and a small detachment were cut off by these marauders and killed. New York, December 18.

The stock market is unsettled. The gold export for the week amounted to half a million.

Ottawa, December 18,

Mr M. Bowell, Minister for trade, states that the Dominion Government is determined to develop trade with Australia. Mr Tallow succeeds Bowcheville in the Quebec Government. Received December 19, at 11.30 a.m.] Paris, December 19.

The directors of the Panama Canal Company, who have been arrested, are confined in separate cells and not allowed to see any visitors. Fourteen vans were filled with documents in the Company's office. De Lesaeps, senr., is ill, and has not been informed of the arrest of his son and others. The Bourse is excited at the turn things have taken. Warrants have been issued for the arrest of fifteen others implicated. M. Ribot, the Premier, intends to ask the Chamber to permit the prosecution of the Deputies and Senators implicated on a charge of complicity. It is alleged that Charles de Lesseps' book will reveal the system of bribery that was followed. Coltur was interviewed at Vienna. He denied that he had absconded, and set out on his return to Paris at once. M. Grevy and M. lie nan It asked permission to deposit the amount they had received in the bank, pending the trial of the two deputies. M. Gabriel and M. Arene fought once over the affair but nobody was killed.

Owing to M. Rouvier's resignation Russia is unable to borrow in Paris. Calcutta, December 18. The Chins were defeated by the garrison at Fort White.

Received December 19, at 11.45 a.m.] London, December 18.

The 1) inkers and brokers recommend the Victorian Government to open the conversion loan in January locally and slowly convert. They also advise that good terms be given, and suggest that five per cent at 112 be exchanged for 3$ per cent at par. A Melbourne letter in the Economist tays the depression in Victoria is approaching the lowest point, and is so severely felt that many people are emigrating from the colony. It also says that heroic measures required to cope with the depression in the shape of sweeping reduction in the public expenditure. The National Observer thinks that Mr Reid's no-confidence motion in the New South Wales Legislative Assembly is none too soon. It says that Australian finance is unsound and all the colonies are suffering from nervous debility, while labor members are inspired by general insecurity.