NEWS BY CABLE.

Opunake Times, Volume II, Issue 86, 30 April 1895, Page 2

NEWS BY CABLE.

HOME AN® FOREIGN. London, April 28. Eebels in Brass district, Niger Basin, pay an indemnity of £SOO, and this ends the outbreak. The bus strike has ended, and the m£n are resuming work. The Financial Times says Mr Ward’s address to the Chamber of Commerce produced a good impression of the financial stability and resources, of the colony. In connection with the Advances to Settlers Act, Mr Ward has arranged with the Bank of England to issue a 8 per cent loan of a million and a half, with a minimum of ninety. It is expected that the Budget will still further remove duties in the direction of a free breakfast table.

Lotfd Eosebery, has recovered from his recent illness.

With the approval of the Unionist leaders, Peel, son of the ex-Speaker, has retired from the contest for Warwick.

The building strike has been averted by the masters agreeing to arbitrate. As the Nicaraguans remain obstinate 400 marines will occupy the Customhouse and railway depot at Gorin to.

Sir Henry Loch stated, in connection with the Governorship of New South Wales, that he did not approve of the reduction of salary. He was reminded that tho amount had been fixed at £7OOO, but he replied that the allowances, representing a sum of £2OOO, had been deducted, and observed that it would be difficult to get a Governor for the colony other than a wealthy man.

The London and Australasian Debenture Corporation, Limited, has resolved to reduce the capital to £4 per share, with £2 paid up.

Carbine’s nomination list is filled for three years at a fee of 200 guineas. Tenders for the per cent loan of a million and a quarter, for which the minimum is fixed at 97£, were opened to-day. The amount tendered was £6,533,600, at an average of £lOl 12s 6d, and tenderers at that price were allotted 28 per cent. One syndicate offered nearly four million at that price. A meeting of the Cabinet takes place to decide whether Great Britain will unite in the European protest against the peace conditions demanded by Japan. Germany, France, and Russia formally protested against Japan annexing territory on the mainland. The Times doubts whether the protest will be backed up by force. The Hon. J. G. Ward, addressing the London Chamber of Commerce, denied that the land tax had been collected because the Government was hard up. It was merely •in order to avoid the needless issue, of treasury bills. Moreover, the colony, at that time, possessed three millions’ worth of unpledged securities in London, twothirds of which he himself forwarded at the time of the crisis in Australia in order to guard against emergency. Referring to the action with reference to the Bank of New Zealand, the Treasurer said the Government was prepared to lose the two millions rather than risk a crisis in the colony. He denied that the Advances to Settlers Act was a political dodge. He urged upon the Chamber the claims of the Pacific mail and cable services.

Sir George Grey confirmed Mr Ward’s remarks, saying that those who had invested in New Zealand had done wisely, and received handsome returns. Mr Ward said the financial institutions of New Zealand were flooded with enquiries as to what openings existed for foreign capital. Great Britain was losing a large amount of trade by her lack of energy and refusal to subsidise steamers, while foreigners were keenly pushing into any openings available. He urged that the critics in the financial press neglected to compare the debt and the private wealth of New Zealand per head. The latter was the second largest in the world.

Sir Edward Grey stated that the treaty of 1858 provides that Great Britain shall share equally in any future commercial concessions China may make.

St. Petersburg, April 28.

Tne Viedomosti, in an article apparently inspired by the Czar’s personal friends, states that if Great Britain supports Japan, India will suffer.

New York, April 27. The British warships are lying within a mile and a half of the Custom House in Oorinto, and their guns cover the city which is undefended. The Nicaraguan Government has issued orders not to permit the landing of the British soldiery, and 8000 troops are being massed in Corinto to give effect to them. Ottawa, April 28.

After a three years’ enquiry, the commission appointed by the Canadian Government reports that prohibition would injure business, extinguish a large source of municipal revenue,'and involve the payment of compensation. The commission suggests that high license fees should be charged in order to keep the liquor traffic down. Madrid, April 28.

By means of trawling, the sunken man-of-war, Eeina Eegente, has been found in a hundred fathoms of water between Capes Tarifa and Trafalgar. Capetown, April 28. Libert, the forger, has been sentenced to seven years’ hard labor. St. Johns, April 28. His supporters are urging Sir W. Whiteway to abandon the idea of union between Newfoundland and Canada. Calcutta, April 28. It is considered that the heroic defence of Cbitral is almost comparable to the defence of Lucknow. Mullahs are still preaching resist-

ance, and military operations will therefore be continued. Dr Robertson is rapidly mending. Paris, April 28.

The French Press continues to abuse Eagland for destroying the European concert in the East. The Journal Dea Debats thinks the English colonies must be stupefied at England’s right* about-face poll v in the East. Thursday Island, April 28.

Reports from Hong Kong state that many thousand coolies struck work owing to the Government enforcing the registration of coolie lodginghouses. Convicts and military men were engaged in coaling the ships and handling the cargo. But when the mail steamer left it was expected that the strike would soon collapse. Adelaide, April 28.

A lunatic in Parkside Asylum brutally murdered an attendant named Houston by battering his head to pieces with a spade. Sydney, April 28.

The conference between the two Houses on the Land. Bill has arrived at a settlement. News is received that the Caroline Islands were swept by a hurricane during January. More than two-thirds of the houses, on the Gap (one of the principal islands) were levelled to the ground. The roof of Government House'was blown off, and the Governor was injured by falling debris. All food and crops were destroyed, and famine stares the natives in the face unless some assistance is rendered by the Spanish Government. Most of the small trading vessels at the Group were wrecked, in some cases with loss of life.

Melbourne, April 28.

The directors of the Central Mine, Broken Hill, have offered to sell the mine to a syndicate for £200,000. The syndicate offered £150,000, but it is probable the directors’ figure will be agreed to.

Hobart, April 28.

The Fruitgrowers’ Conference discussed the question as to whether the English market should be concentrated in London or divided among the provinces. Mr Hampson, the Auckland delegate, advocated the establishment of a Bureau of Commerce, and urged that the subsidies paid to mail steamers should be shared with cargo boats, and favored distribution in England through other markets in preference to maintaining London as the distributing centre. A proposal was made to hold the next conference in Wellington.