NEWS BY CABLE.

Opunake Times, Volume I, Issue 48, 14 December 1894, Page 2

NEWS BY CABLE.

HOME AN» FOREIGN. Shanghai, December 11. It is reported that the Japanese, before they will consider proposals for peace, insist on the surrender for execution of Chinese officials who offered money for Japanese heads. Shanghai, December 12. It is reported that the Japanese have captured Kinchow, and are commanding the road to Pekin. The invaders met and defaated 8000 Chinese troops at Kinkalnea, tbe latter losing 100 men. The Chinese at first stoutly resisted the attack, but afterwards broke and fled. The Japanese are now advancing on Tsohunkow. London, December 12.

The Chinese loan which was placed on the London market has been withdrawn, the agents finding that the Chinese officials had been guilty of duplicity in connection with the negotiation. London, December 11.

The London market is taking up some part of Kothschild's fifteen and a half million sterling Russian loan for conversion and railway purposes. St. Petersburg society is much gratified at this evidence of the desire to show a friendly feeling on the part of English financiers.

The Hauraki Gold Miuing Company of New Zealand, with a capital of £40,000, has been registered. The new company is to acquire a portion of the Kapanga Company's lands in the Thames district.

A shareholder and depositor in the Bank of New Zealand writes to the Times, stating that he is advised that the call just made by the directors is illegal, and cannot be enforced either in England or the colonies. If resisted he urges the formation of a committee to watch the interests of shareholders.

The butter market is at sixes and sevens. The choicest Danish butter is selling at 104 sto 1123, and the choicest Australian 104 sto 108 s. Second quality at 75s to 90s is difficult of sale, there beiug few buyers in the market.

The imports of butter into England for November were IGOO tons above those of last November, and the total increase for 11 months was 11,000 tons.

New Zealand butter now arriving in a frozen condition is meeting with great suecess. Colonial stocks are recovering and showing brisk business. In a glove fight between "Dummy" Winters, the Australian pugilist, and George Smith, the latter had his jaw fractured, the injuries being so severe that he died soon afterwards. Winters was arrested. Hobart, December 11. A quantity of stones found at Corinna are pronounced by experts to be true diamonds. Washington, December 11. President Cleveland has issued a proclamation directing that the provisions of the new Chinese Exclusion Act are to be brought into operation immediately. Senator Morgan asserts that no foreign Government objects to the United States having control of the Nicaragua canal. St. Johns, December 10. There is a financial panic in Newfoundland. The Union, Commercial, and Government Insurance Banks, besides many business firms, have suspended payment within the last few days. Sydney, December 10.

Grenon, a burglar, charged with shooting at a watchman, has been sentenced to death.

The Maori King was on the point of leaving for Home with a full cargo of frozen meat when the refrigerator broke down, necessitating the discharge of the cargo, of which 15,000 carcases have been sold. It is expected that the repairs to the vessel will be completed within a week. The Newcastle Coal Company have notified the men that they will reduce the hewing rate from 3s 2d to 2s lOd, giving them 12 months' local agreement. The Wallarah Colliery Co. have given notice of a reduction in the hewing rate from 2s Gd to 2s ; and the Walsend mine has also submitted substantial reductions. All these alterations in rates will come into operation on the Ist of next month. It is expected there will be a general movement to bring jlown the price of coal as well as the rate of wages.

The captain of the steamer Gwyder, which was totally wrecked on a reef at the south of Bird Island, has been found guilty of default, and called upon to show cause why his certificate should not be suspended. Sydney, December 12.

A correspondent writing to the Herald" suggests that the Sydney shareholders of the Bank of New Zealand should moot to discuss the call.