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CABLEGRAMS.

BRITISH AND FOREIGN. (Per Pbess Association.)

London, August 1. After an apology from the Premier and 3Mr Balfour, the Speaker buried the recant incident in a few well-chosen words. The (newspapers are unanimous in expressing tfce Reeling of relief that the matter has been amicably adjusted. At a meeting of the Ucion Bank of Australia a dividend of LI per share for the half-year, equal to 8 per cent. per annum, as recommended by the direotors, was agread to. Mr Flowers (the chairman) said that when the recent crisis began the bank's cash reserve was 28 per cent, of the total liabilities, and it never sank below 24£ per cent. It had now reached 30 per cent. He paid a high tribute to Mr Finlayson, the general manager, for his action during the crisis, and announced that tbe directors would shortly reoognise his services in a substantial shape. The bank had acquired lately much fresh and valuable business. The inquest was concluded to-day on the iremains of Mr Richards, of Broadstairs, a •bathing place' in Kent, who was killed some time ago through the explosion of a parcel •brought to him through the post. Tne ■evidence adduced failed to show the cause for the outrage, and the mystery remains (unsolved. A South Australian wheat cargo sold at "27s 9d. The wheat market is Cd per quarter lower this week. \ The run on the New York Savings Bank is subsiding. . The Pope has declined to interpose in the French elections. A quarter of a million of Treasury bills were applied for twice over in Adelaide. Three hundred thousand pounds in gold is expscted at New York from London on Wednesday. The Turkish Court of Appeal has maintained the 'sentence of death passed on five of the Armenians, but the sentences of the others were reduced. Agitators asseit that there are a hundred thousand unemployed in London. Tbey have written. to the Premier, and if he does not reply they will hold .meetinga outside the residences of members of Parliament. The Vossische Zeitung says that Russia is trying by means of a hostile tariff to bririg about a rupture between the members of the Triple Alliance. Prince Bismarck's organ believes that Italy is secretly allying herself with Russia beoause she has no faith in Great Britain. The Prince \of Wales's yacht Britannia, with her ownerand the Emperor of Germany on board, won the 40-ton yacht race at tbe Oowes regatta. The Valkyrie was second and the American boat Navahce third. The Emperor assisted in setting the pails, and took a spell at the helm with the re;t. August 2. The committee, presided over by Lord Oaslow, appointed to inquire into the question of marking frozen meat have submitted their report. They find there has been much evasion of the Trade Marks Act, but that the offence is principally confined to the retail trade. They believe that in the event of imported meat being marked and recognJssd by the public Its popularity would increase to such an extent that it would displace secondclass" Home-grown meat. The committee recommend tbafrbutchers dealing In imported meat should be registered. The "Cowes week," the great yachting carnival of the year, opened on Monday. The handicap race for Her Majesty's Cup was won by the German Emperor's Meteor (better known by the original name of the Thistle). The Valkyrie was disqualified through sailing a wrong course. A burglary has been committed at the residence of Countess Wilton, Maidenhead, and her jewels' to the value of several thousand pounds have been stolen. The Hungafian harveßt is largely in excess' of the estimate. An additional L 600.000 in gold has been sent to New York. • A select committee of the House of Lords unanimously eliminated the betterment principle from tbe County Council Bill for tbe imprpvement of London. Miss Shaw, in an article in The Times, fays that there are only two causes which are likely to arouse the cultivated classes in Australia— namely, danger to the public finance and federation — but the public are apathetic about the latter. The Pall Mall Gazette publishes a forecast of the Behring Sea Commission's award, predicting that England's claims will be upheld throughout, and that stringent regulations will be laid down for the future administration of the sea fisheries. The Financial Times thinks that the natural expansion of the revenue will soon extinguish tb.B • Victorian deficit. It also considers tb^t'fhe scheme promulgated by Sir G. R. Dibbs mast reassure tbe creditors of New S.»u f hr Wales, and says that the Federation party in New South Wa'es may possibly give, the impetus required to colonial union. !* Sir H. Parkes is the natural leader of the Federationists. The Times further 6fcdtes that Australians consider that Englacd woulchreap the greatest advantage from the union; of the colonies, which, if federated, \fbuld incuc increased risk of attack. The setmr,ity of the present system lies in the absence of any definite connection between the colpniee. At the anntfal meeting of the Bank of New Zealand? 1 Mr R ,H. Glyn, chairman of directors, said tbat deposits were increasing faster than they could possibly employ them. The' bank's advances to the New Zealand Loan -and Mercantile Agency Company were amply secured. The report was adopted, an4 /the retiring directors were re-elected. '••'■- The quantity of wheat and flour afloat for the United'Kißgdom is 3,080,000 quarters, and for the Continent 1,500,000. The American visible Bupply of wheat is 68.700,000 biifjbels. Sir E. Grey (Political Under-secretary for the Foreign.;- Office), repljicg to a question re the blockade by France in Siam, stated that only one British s'eamer was stopped, and that enly ttmporarily. He sta'ed that the blockade wa9 aa error, but the loss to trade bad teeri veryjslight. The Right Hon. Mr Balfour said if Lord Rosebery (Foreign Secretary) bad. abstained from advertising

the opinion that Great Britain had no interests in Stam, France would have been discouraged from annexing territory there. August 3. At the Cowes Yachting Carnival the Prince of Wales's Britannia won the Meteor Challenge Shield. The Prince and his son, the Duke of York, were on board the yacht. The Louis won the Austrian Cop. Cholera has appeared both at Grave3end and Great Grimsby. So far the cases are confined on board the ships which brcught the disease. Tbe Lamorna, from Newcastle to Hoaclula, is posted as missing. Tbe United States Government gold rsser\ c is now restored to its usual amount. A gun exploded on board a German warship at Kiel. Two officers and seven men were killed and 18 wounded. The Kußsian Customs frontier guard has been placed on a military footing^ in order to enforce the hostile tariff against Germany. . Despite their protest against the unfairness of their trials, the Sultan of Turkey refused to grant mercy to the five Armenians condemned, and they have been hanged. News from Central America states that a general amnesty has been proclaimed in Nicaragua, and tbe Leon party have resumed control of the Government. Australian merchants in London are buying cautiously without asking favoure, and meeting their bills better than was expected, thereby increasing confidence. Sir C. Clifford's will bequeathes personalty amounting to LIB,OOO to his widow, and an annuity of LIOOO. The estates are divided between the present baronet and bis other sons. The provit-ion trades in London gave a dinner to Mr Wilson, the Victorian representative, at which Sir A C'.arke, who presided, said that ignorant writers cast slurs on the cronies because of their debts, forgetting money expended in developing tbe country, in establishing dairy and other industries, and in rendering their position secure. Mr Wilson said that Victoria produced butler to the value of a million annually. She possessed the largest factory in the world. He was convinced that tbe consignees were honest. Cool storage must be provided in order to regulate the marktt and to preserve v liformity of pric j . " Through lightning the barracks, a church, the City Hall, and 18 houses in Cirsk, Warsaw, were destroyed by fire. Seven hundred families were rendered homeless. In his speech at tbe Bank of New Zealand meeting the chairmarj, Mr Glyn, said that tbe money withdrawn from the bank during the recent panic did not amount to LIOO. New Zealand was the only country south of the equator whose Budget showed a surplus. Mr A. M'Nab, manager of the London office of the Bank of New Zealand, retires, and will be Succeeded by Mr C. F. Tegetmeir, the secretary of the London branch. It is reported that the directors of the New Zealand Loan and Mercantile Agenc/ Company are amicably settling the difficulty about the priority of Baron Schroder's claims. August 4. A further shipment of half a million of gold to New York is announced. News has been received that 200 houses in Port Louis, in Mauritius, have been destroyed by fire. The damage is estimated at 30 lacs of rupees. King Lobeng'uela, ef Matabeleland, has withdrawn impi (chiefs) from the bills. During a squall off Cowes the American yacht Narahoe was disabled, and for a time was unmanageable. This accounts for her poor display in the contest for the Challenge Shield. August 5. The Bradford wool market is slightly easier. Crossbreds firm. An off-the-coa&t cargo of Australian wheat was sold for 28s 63. The Malta Cold Stores Company has been registered, with a capital of L 40,000. Tbe Russian press fear that the war of tariffs will excite both Germany and Russia to dangerous antagonism. The depositors and shareholders in tbe Standard Bank of Melbourne have accepted the reconstruction scheme. The Spanish Government have agreed to offer no opposition to the occupation of tbe Solomon Islands by Great Britain. The creditors of the Commercial Bank of Australia have accepted the reconstruction scheme. The decision was virtually unanimous. The citizens of Denver City, U.S., fearing riots in consequence of the closing of the mines, are organising charitable aid for the men thrown out of work. Mr Stewart, the official receiver, states Goldsbrough, Mort, and Co.'s liabilities in London at L 2 338,000, and their assets at L 182.000. The liabilities in Australia and London combined are L 3,489,000, leaviDg a surplus of L 450.000. The German Government intend to construct a military port at the mouth of the Elbe to protect the. canal connecting the Baltic witb the North Sea coast. It is estimated that the work will cost three and a half millions. The official receiver is suing Sir H. Isaacs, Ogg. Gardner, Bottomley, and other directors or the Anglo-Australian Publishing Union for LBO.OOO contributions to the Assets Company. Gardner has .paid LSOOO, an -I tbe judge -acquitted him of liability for any further claims. Tbe tariff -war between Russia and Germany is increasing in bitterness, and the tension has become so acute as to threaten a disturbance of political relations. The Russian Government are sending envoys to Berlin to treat for a settlement on a workable basis. An earthquake shock has been felt at Leicester. The shock extended over an area of 15 miles. A heavy rumble accompanied the upheaval, and in numerous instances tbe residents became alarmed and fled from their houses. The Mark Lane Express estimates that the yield of British wheat will be 27 bushels per acre, and that the total will amount to 7,000,000 quaiters. , It is announced that for tbe first time in the history of naval macocuvres the defence fleet won, and that Admiral Fairfax was unable to force the blockade of the Irish Sea. Samoan news of the 19th inst.^states that

fighting has taken place between the Malietoa and Mataafa factions. The warships belonging to the countiies interested intervened, whereon the latter yielded. Mataafa lost 50 men killed or wounded. Malietoa is said to have bean the aggressor. Bridgman, the chief officar, and Jones, the steward of the ship Dur bridge, who were arrested in Liverpool on a charge of murdering Captain Little during the visit of the vessel to Newcastle, N.S.W., in August 1892, have been acquitted, and Lce'cb, the second officer of the ship, will probably be indicted f or perjury. Lepcb, in bis evidence, said that prior to the death of Captain Little he heard the accused say tbe captain ought to be shot. Subsequently he heard a scuffle in the cabin. Leech was the sole accuser of Bridgman and Jones, and his tsstimony was not supported by the members of the crew. The Inverna to-day beat the Meteor for a private wager between tbe owner of the former and the German Emperor, who owns the last-named yacht. The Narahoe was again disabled in to-day'rf contests and ran ashore, but was floated off without sustaining any injury. A fuither shipment oE L 300.000 in gold has been sent to New York. August 6. The insurgents made an attempt to seize La Plata, a town in tbe Argentine. A desperate fight took place with the Government troops, in which 400 were killed and wounded. The attempt failed. The Novoe Vremya says Germany has agreed to a j rint commission teing appointed to fettle the tariff dispute with Russia. The Kaiser leaves Cjwes on Monday to inspect the forts in Heligoland. Mr Stewarr, the official receiver, in his observations upon the Federal B-mk, said that matters connected with the Aubtralian management require a searching investigation. The London Chartered Bank reopen in *he colonies on Monday and in London on Tuesday. Tallow : Medium mutton and beef, both 26*. Tbe English wheat market is lifeless, tbe Continental dull, and the American depressed. Cargoes of wheat ex Beechdale and Cordil'era, from Lyttelton, were sold at about 2(5s 3 1 and 24s 6d respectively. Antimony is in good demand at L3B 10s per ton. August 7. Jabez Bilfour, the levanting financier, is living in luxury at Buenos Ayres, where he openly orders and pays for high-priced articles from London tradesmen. The King of Greece has formally opened the canal through the Isthmus of Corinth. The work has cost two millions. The Calcutta correspondent oE The Times says efforts have failed to force the rate of exchange for the rupee below Is 3£d. Four timber yards in Liverpool have been burned. The damage is estimated at LIBO.OOO. August 8. The Royal Bank of Queensland has reopened. Germany and Russia will renew in October negotiations for a commercial treaty. During the visit of the Khedive the Sultan advised him against interfering with the British in Egypt. An arsenal near Canton exploded. Four villages were destroyed and 5000 people killed. The troops assisted to bury the dead. Senator Bland will introduce into the United States Senate a Trill providing for the repeal of the Silver Purchase Act and substituting free coinage of gold and silver at a ratio of 16 to 1. The committee appointed by the English creditors in Goldsbrough, Mort, and Co.'s estate have unanimously agreed to the modified scheme of reconstruction, with a British representative on the olonial directorate. There is a statement published that, after an engagement between the rival factions in Samoa, Malietoa's cinoes returned to Apia loaded with the bead 3of their victim?, and that many of the heads were scattered about the streets The complete returns of the Victorian cereal crops for the year show the yield of wheat to be 14,814,000 bushels — oats 4,574,000 bushels, barley 774.C00 bushels,' potatoes 142,000 tons, hay 74 000 tons. The yield of wheat averaged 114 bushels per acre, and oats 25-75 bushels per acre. • In consequence of stones being placed on the Taff Vale railway an excursion train carrying 600 people was neaily wrecked. Strikers are suspected. . The Emperor of Austria will entertain the Kaiser for three weeks during the autumn manoeuvres. The Austrian Government declines to grant tbe whole of the Russian demands, and negotiations for a commercial treaty have ceasod. Twenty-two visitors to Aberavon, in Glamo r ganshire, were drowned by the capsizing of a pleasure boat. The accident was witnessed by friends and relations on shora, who were frantic at the sight. PArdS, Aagust 3. By a fall of earth in the Ceinture railway tunnel 60 persons were slightly injured. August 7. Norton has been sentenced to three years' and Dncret to one year's imprisonment for forging documents alleged to have been stolen from the British Embassy. The proceedings at the trial were of an uproarious nature. Millevoyo, one of the deputies, made a violent attack on England, which was applauded by the spectators, and the judge appeared powerless to repress it. The Marquis Mores repeatedly attacked M. Olemenceau, against whom the forged documents were aimed, and a duel has been arranged between them. Figaro, referring to the trial of Norton and Dncret, says it is impossible to understand how tho Premier, M. Develle, could have permitted the Chamber to discuss documents alleged to have been stolen from a friendly Power. August 8. Much scurrilous literature is befog published in Paris with a view to influencing tbe election?. Capital is being made out of the non-arrest of Arton, one oE the men implicated in the Panama Canal scandal. Beelin, August 5. The German Anti- slavery Committee has been wound up. It is alleged that two million marks have been muddled away.

1 St. Petersburg, August s. Russia proposes to construct a new military railway to tbe Austrian frontier. Naples, August 5. Cho'era is spreading in the city. Washington, August 6. Owing to the recent financial failures 120,000 persons have been thrown out of employment, in the United States. Fifty thonsand of these are in Chicago. August 7. Ex- President Harrison says it is pitiful to see the distress caused by the closing of fac'ories. IE the crisis U prolonged the coming winter will be a terrible one. August 8. Mr Crisp, a Democrat, has been elected Speaker of the House of Representatives. Sixteen senators are opposing the repeal of the Sherman Silver Act. New Yokk, August 1. News bas been received that peace has been reared in Nicaragua. August 2. The pork corner in Chicago has collapsed. Many failures have resulted in consequence, and there is great excitement, as the liabilities are said to be some millions sterling. Intelligence is to hand that tbe rebels captured Rosario, Bahia, and Blanal. Augmt 4. There is a better feeling in financial cirolee throughout tbe States. One thousand miners who have been thrown out of work in Denver State, owing to the silver crisis, are said to be in a starving condition. The parks are being turned into camps of refuge, and tbe officials oE the state are providing food for the destitute. August 4. At the Chicago Silver Convention violent speeches were made denouncing the attitude oE Great Britain and President Cleveland, and wild disorder ensued, but eventually a resolution in favour of the full coinage cf silver was passed. August 5. Further bank failures in Minnesota aie reported. . United States cities are suffenne from the absence of currency owing to the people hoarding up the money. A man has confessed to firing the World's Fair ia order to cover the extensive thefts of employes. During a Rassian/^e in the Chicago Exhibition an insult was offered to tbe picture of tbe Cznr by Anarchists. In tbe melee knives and daggers were use-- 1 , and 12 persons wounded. Tho Chicago Exhibition Cjmpany has funds in hand and is paying dividends. Buenos Ayre?, August 2. The Argentine Congress has refused to intervene ro suppress tbe revolution in San Luis and Rjsario. August 4. The Radicals have overthrown the Santa Fe Government. In the riot 100 were killed. At Rosario a riot also occurred, and 300 were wounded. The rebels have killed the Vice-Governor of Santa Fe.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/OW18930810.2.146

Bibliographic details

Otago Witness, Issue 2059, 10 August 1893, Page 36

Word Count
3,282

CABLEGRAMS. Otago Witness, Issue 2059, 10 August 1893, Page 36

CABLEGRAMS. Otago Witness, Issue 2059, 10 August 1893, Page 36