TELEGRAPHIC.

South Canterbury Times, Issue 6260, 5 July 1890, Page 2

TELEGRAPHIC.

BRITISH AND FOREIGN. (Per Electric Telegraph—Copyright.) (Per Press Association.) [Received 7 p.m., July ftli.l London, July 3. THE BANK OF NEW ZEALAND; A company, including some first-class capitalists in the city, has been formed to take over the yloho assets of the Bank of

New Zealand. They obtain large advances >vhile retaining control of the assets, and future profit advances will be ample for all wants, including the future extension of the business. The capitalists are fully satisfied of the soundness of the bank, and it is expected that the scheme will be completed immediately. Before, howover, the shareholders are asked to confirm the proposal, a full refutation will be submitted respecting Mr Buckley’s charges. If the scheme is confirmed the London Board will assume the management, and the bank directors will be increased by another good name. (Deceived 9.30 p.m., July 4th.) AN OVERDUE SHIP. London, July 3. Ten guineas premium have been paid to re-insure the barque Dunedin, which left Oamaru on March 19. THE WOOL SALES. At the wool sales prices for merinos remain steady, but coarse crossbreds have a downward tendency. AUSTRALIAN BILLS OP LADING. The Chamber of Commerce and the Ship Brokers’ Association have reopened negotiations with respect to Australian bills of lading. FROZEN MEAT. Canterbury frozen mutton is at 4|d ; otherwise frozen meat is unchanged. LORD CARNARVON’S FUNERAL. Lord Salisbury, Sir Hercules Robinson, the Marquis of Lothian, Lord Knutsford, Sir A. Blyth, Mr Braddon (Tasmania), and representatives of Queensland and New South Wales attended Lord Carnarvon’s funeral. Sir A. Blyth presented a wreath on behalf of Canada, Australia, and New Zealand,

WOOL SCOURING MACHINE. Burnett's wool-scouring machine has been sold to a Leeds and Bradford syndicate for £4OOO. THE MURDER OP THE SERVIAN CONSUL. Belgrade, July 3. The Servian consul, whose murder at Pristina was reported, was killed in the market place of the town. Gipsies are suspected. (Received 1.30 a.m., July sth.) NEW JOURNAL. London, July 4. Mr Davitt is about to start The Labour World, an organ to advance the cause of the labour party. He intends to publish Richard Piggott’s diary in it. RESCUE WORK. Frances Torlesse is appealing for trained helpers to undertake rescue work in tho diocese of Christchurch. THE DUCHESS OF TECK. The Duchess of Teck while boating on the Thames had a narrow escape of being killed by the bowsprit of a vessel which came into collision with her craft. ENGLAND AND ITALY. England has offered Suakim to Italy on condition that she renounces her protectorate over the Soumali coast.

GROANING THE QUEEN. An attempt by the authorities to compel the telegraph clerks to express regret for groaning at the name of the Queen failed. They were willing to declare that no disrespect was intended to Her Majesty personally, but that the ebullition of feeling was simply a protest against the way they were treated. COMMERCIAL. New Zealand hemp, good medium quality, £l9 os to £l9 10s. CHIEF JUSTICE FOR SAMOA. Owing to the dispute about the appointment of an Englishman as Chief Justice of Samoa, Conrad Elder Krautz, Assistant Judge at Stockholm, has been nominated. POLITICAL CRISIS. Madrid, July 4. Senhor Sagasta bas resigned and Senhor Canonas has been summoned. THE FISHERIES DISPUTES. St, Johns, July 4. A French man-of-war drove off thirty British vessels taking bait at Port-au-Port, and seized and cut their nets. (Special to Press Association.) {Received 1.40 a.m., July Sth.) THE MINING EXHIBITION. London, July 3. Arrangements for the Mining Exhibition at the Chrystal Palace are progressing. The Duke of Fyfe opens it on July 17th. EAST AFRICAN COMPANY. Berlin, July 3, A German East African Company is being formed. Major Wissman has resigned. COUNT KALNOKY. Vienna, July 3. Count Kalnoky is recovering. DR PETERS. Zanzibar, July 3. Dr Peters has arrived safely at Usu-; gara. ' A DENIAL. St. Petersburg, J uly 3. The Czar has published an order in the Gazette stating that the rumours that the Grand Duke Alex has been disposed in favour of Vladimir, are without warrant.