BRITISH & FOREIGN

Poverty Bay Herald, Volume XX, Issue 6850, 12 December 1893, Page 2

BRITISH & FOREIGN

Preu AiiocUttion—JßUetrio Telegraph— Copyright.) LONDON. Deo. 8.

Lord Jersey read a paper on New South Wales before the Imperial Institute. In somewhat guarded terms he remarked that Australia's greatest drawback was the want of population. He advocated the construction of irrigation works, though ho thought it doubtful whether money could be borrowed for the purpose. At present, under a sagacious leader, trades unionism would not be dangerous. He advised a healthier recognition of the rights of capital. Hia Lordship praised Sir G. Dibbs* financial courage, but Sir Henry Parkes, in his opinion, was the greatest political force in Australia. He doubted whether a central government for Australia would b« established in the near future. Sydney, ho thought, ought to be made a free port." The paper concluded by the prediction of a great future for New South Wales. A London syndicate is prepared to mako an immediate advance to the Melbourne Board of Works of £200,000, pending the raising of an £800,000 loan to be issued early in the year, provided the security piven ' ia quotable on the London Stock Exchange. The syndicate will not accept deposit receipts aa securities, because they are nob quotable. The shareholders of the English, Scottish, and Australasian Chartered Bank have reelected the old directors. Mr C. J. Hegan, the chairman, made a favorable statement as to the prospects of the Bank, and announced that the old shareholders had taken 44,149 new shares. Mr R. S. Smythe is lying ill at the Savage Club, of pneumonia. The dispute between the Victorian Treasury and the associated banks respecting the loan raised in 1891 was referred to Mr Childers, who awarded Government £2100. Dm 9.— The Times asserts that the affairs of the New Oriental Bank *re managed in the worst possible way. Many of the Scotch miners are resuming work on the masters' terms. The Butter Committee ask the Victorian Government to be more prompb in the delivery of consignments of butter as the delay causes loss to shippers. The Company deny there ia any delay. In the Education Act the age for compulsory attendance at elementary schools has been raised from ten ta eleven years. The House of Lords by a large majority have agreed to the introduction in the Employers Liability Bill of a clause providing for workmen contracting themselves out of the provisions of the Bill. The Radicals have compelled Mr Gladstone to alter the Parish Council Bill in the direction of disestablishment. The difficulties of the measure increase as it progresses. The Ruahine left Plymouth to-day for Wellington, Canterbury, and Otago/ She has 168 passengers for New Zealand ports. The Tongariro arrived at Plymouth yesterday. Her cargo of frozen meat ia reported to be in good order. Dlc. 11.— Mr R. S. Smjlhe ia better. BUENOS AYRES, Dec. 9. Congress has sanctioned an extradition treaty with Great Britain, which affect* Jabez Spencer Balfour. ROME, Dec. 11. Signor Crispi has succeeded in forming a Ministry. WASHINGTON, Dbo. 9. It is reported that the President has sent orders to the United States Minister in Hawaii reversing the policy for restoration of monarchy. Dec. 11.— The Committee of Ways and Means in Congress recommend that the import duty on tin should be ene and one* fifth cent per pound. The Committee of Ways and Means recommend that the duty on wire should be reduced to 20 per cent. ANTWERP, Deo. 11. A Hanseatic grain warehouse has been destroyed by fire. The damage is estimated afc 6,000,000 franca. [Specials to Piuss Association.] London, Dec. s.— lt is reported that Mr Gladstone is engaged upon the work of translating the whole of "Horace." His studies occupy him some some hours daily. Paris, Dec. s.— Forty thousand French soldiers are being echeloned near the Italian frontier.