BRITISH & FOREIGN.

Poverty Bay Herald, Volume XX, Issue 6725, 15 July 1893, Page 2

BRITISH & FOREIGN.

Preu Jttoeiation— Electric Telegraph — (Gepyrlpht) LONDON, July 13. The Sheriff of the City of London, Alderman Joseph Renals, and Alderman Walter Heory Wilkin, have been created Knight Bichelnrs in honor of the Duke of York's wedding Mr Justice Sir R. V. Williams has sanctioned the reconstruction scheme of the London Chartered Bank of Australia. Tha appeal against the reconstruction scheme of th« English, Scottish, and Australian Bank was dismissed. Julyl4. -Several failures harp occurred on the Exchange, mninly in connection with the American market. It is stated that the books of Messrs Goldsborough; Morfc and Co., show that advances amounting to L 3,410,000 were made, and that that amount was divided 154 accounts. Ten of the largest accounts average L 139.000. Financiers in the city are in favour of the suggestion that the colonies should invite an English financial export to adviga them on the financial situation of Australasia, as suggested by Sir Reginald Earls Welby, Permanent Secretary to tho Treasury. Edward W. Hamilton, Assistant Financial Secretary to the Treasury, or Sir Robert G. Hamilton, ex-Governor of Tasmania, would be suitable gentlemen, since the possibility of securing the services of Mr Goschen, exChancellor of the Exchequer, or Sir John Lubbock is out of the question. The British Government would assist to facilitate the matter. The best critics admit that ib would be unwise for the colonies to altogether st<«p public works and tke construction of railways. Lord Justices Sir N. Lindley, Sir H. 0. Lopes, and Sir A. L. Smith, in dismissing the appeal against the reconstruction scheme of the English, Scottish, and Australian Chartered Bank, considered the only way to pay the creditors of the bank w»« by keeping the institution open. Or me won the Eolipse Stakes by a half length. PARIS, July 13. The Chamber of Deputies by a majority of 72 resolved on the total repeal of the duties on wines, beer, and cider, in lieu of the partial repeal proposed by the Government. This will involve a deficit of 150 million francs. Mr Lozo has been appointed ambassador in Vienna. July 14. — News has been received that the French gunboats Inconstant and Committee have entered the Menam river in Siam and exchanged shots with tha | forts. The Fronoh loss is one killed and two wounded. The gunboats are now anchored off Bangkok. The Siamese declare the French violated their assurance nob to interfere. BERLIN, July 14. The Reichstag has by a majority of 11 passed the second reading of the Army Bill. The measure fixes the peace footing at 479,000 men until 1899. ST. PETERSBURG, Jcrivr 14. One hundred deaths from cholera are reported in PodoLa, under the government of Russia north of Bessarabia and south of Yolymia. BUDA PESTH, July 12. Cholera is spreading in Hungary. [Specials to Press Associatisx.] London, July 11. The directors of the Loan and Mercantile Agency Company are discsssing the advisability of making a call of L 3 per share, and asking bondholders fc» renew. The company owes the Bank of New Zealand under L 250.000, for which the Bank holds securities of an easily realisable character equal to L 500,000. | {Quotations for colonial shares : —National Mortgage and Agency Company of New Zealand, 5s ; New Zealand Trust and Loan Company, L 5 j Otago and Southland Investment Company, 5s ; R. Campbell, and Sons, L 2 15s ; Dalgety and Co., L 4 10s. New York, July 10. A storm on Lake Michigan oaused the eestruction of a number of boats, and damaged a portion of the Chicago Exhibition Buildings.