BRITISH & FOREIGN

Poverty Bay Herald, Volume XIX, Issue 6891, 11 June 1892, Page 2

BRITISH & FOREIGN

By Rlectrio Telegraph. —Copyright. -P.n- Pre a Association.— Received June 9, 1 a.m.] LONDON, JrsE 9. The Miners' Federation has decided to enter! iin the delectus of the Internal ion 1 1 r l , ingress at a dinner. Lord Kuutsford lias arranged to discuss fully all questions arising out of MrDibbs' mission to England on Tuesday next. Government has abandoned the Irish Local Government Bill owing to the opposition shown to it in the House. Oriental Bank shares were offered at £3, but there wire m> buyers At the Manchester Whitsuntide meeting the Breeders' Foul Stakes resulted : — Haut Brion 1, Emiu 2, La I'utllo Siffluence 3. The Duco, steam tug, bound to New Zealand, is ashore ou Bally fun is Point, and there is little prospect of floating the vessel. June 10.— The Council of the Colonial Institute has invited Mr Dibbs to read a paper at a special meeting of the Institute. Mr Dibbs has not yet decided whether ho will accept the invitation. Mr Dibbs has replied to an article which appeared in the last number of the Economist, referring to the doubts entertained as to colonial statistics. He claims that the official statistics are quite reliable. Arrived : S.S. Pakeha from Wellington (April 13). After striking a rock on Bally ferris Point, the Duco was towed to Greenock. The stoppage of the Oriental Bank has nut affected the city directors, who have petitioned for an order to wind up the company. It is reported that China has sent a large force to Pamir district, and that Russia is awaiting further news before taking steps in the matter. The Bank of England returns published to day show the total reserves, notes and bullion, to be £16,462,000. The proportion of reserve to liabilities is 45 56. Three months bills are being discounted at §. New Zealand 4 per cent, inscribed stock is at 105, and 3i per cent, at 85| (?). Long berried wheat is quoted 375. The market is flat. Canterbury lamb is at s£d. The prices ruling for hemp are irregular. Kair quality is quoted at £20. The Pall Mall Gazette says that it is refwrted that depositors in the Oriental Bank are only likely t« receive 15s in the £. The rush on the Bank is alleged to have taken place owing to a desire to employ enormous deposits. There are large numbers of Scotch depositors, most of whom are residents of Edinburgh. Sir Richard Temple advises the British to establish a protectorate over the South Sea Islands, whence the Kanaka labor is to be recruited by the Queensland Government. This, Sir Richard says, can only be done if France will agree to her Islands being used for the recruiting of black labor. In a letter to the Tiraes.Str J. Garrick denies that Queensland controls the deportation of Natives from New Guinea. He suggests that the powers of High Cominissiouer of the Pacific should be vested in Sir J. Fergusson, who was formerly Under-Secretary of State for the colonies. So far as the Solomon I slands and New Hebrides are concerned, the Queensland steamer Merrie England is making frequent visits to watch the way in which recruiting is carried on. Juke 10. — Mr Dibbs, in his letter to the Economist, declares that there is no parallel between Canadian and Australian borrowing, as the former is raising money for public works by means of railway companies and provincial loans, which does not appear in the Dominion debt, whereas Australia borrows almost solely through her Governments. He promises to prove that the savings of the people of New South Wales apart from the borrowings in England, are very substantial. Beferring to the assertion that his colony has raised six and half millions since September. Mr Dibbs remarks that one half of that sum was applied to the redemption of previous loans, while the colony had not previously borrowed for a considerable period. Had New South Wales expected the Baring orisis, they would have financed in advance, but they thought that with economy they could complete the public works then in progress. RIO DE JANIERO, Jcse 9. The Aorangi left to-day for London, all well. Ottawa, Juno 9.— Mercier and Pacaud were committed for trial on charges of trauds in connection with the Government stationery contracts. Langelien, who was President of the Quebec Council, was acquitted. - ___ —