INTERCOLONIAL.

Southland Times, Issue 3419, 5 June 1879, Page 3

INTERCOLONIAL.

•'; >' ; ; : " ;: :' — ■»' .." — — "".■'■ ' I] ; T^ie;* U.S^S/ Kingarooma,| which arrived on Tuesday, has brought dates, Melbourne* May 275, Hobarton, May; 29th. From our exchanges we have compiled the fol- " lowing sumniaryr— /' *■■"[ - 1 ' yicT()iiMi ;ji ; tiAmongst other distinguished personages expected to visit the Melbourne Exhibition is the Dukeof Genoa, who, the Argus siiys, is .about leaving in the corvette Yettor - Jisarii' for a" cruise in the Chinese Seas. .;Mie .first destination of the Vettbr Pisani will ;be Japan, the ports of China arid Netherlands-India being subsequently visited. • I.The Duke will be in command of the, ve'ssesl, :and the cruise will be $o .arranged^ as to. permit] His. Highness to^be present at the inauguration i pf the Exhibi-tion/'-In-carrying -out this ' arrangement the^Duke of Genoa will be giving effect to a .promise 'of long "standing,. made on the occasion !..of his last visit to this part of the world som&years ago. , ;. v; *At the meeting of the v shareholders:of the!' Proyincial and- Suburban Bank the r6^6ri^t;s ; were not Admitted, T tlie directors Btrpnglyi:'objecting to them. : The .'Argus however obtained a precis' of the proceeding ifrom; which: it .appeared that Messrs Elder and Vellentine submitted a reporfon'the affairs of -theinstitutionr- -It recresented ,the assets tq.;be £52,047 14s / 6d, and the liabilities to be £79,089 4s 4d, the deficiency:-being /£27.041-: 9s ;lld^ ; :The investigators called 1^ attention to the fact that the : last' published •'balance-sheet at 31^t December, JB7Bfled to the "apparent inference^ l^at; ;^is/l87y; ao^? -had: • tefen paid un;^\vliereaisj the 'capital : actually p£id^up> only t0;£25,110 0s 7d. TEe. estimated that further, cdntributions of dapital of not Vless than £27000 would be-necessary to : meet all. the .engagements of the bank. -The; report created surprise and consternation amongst : the shareholders 'present, - and the proceedings were ittinies very stoiTny; A fact which came'to' ljght in connection with the note pirculatiori elicited much indignation. The ietorns dated; ; 3lst of March last stated t tiie note bircnlation to be £6,843. JWEeesre! tEld^f; hnd yalleEititte, od .■•the other lianii, represented the amount of the note circulationi to be £18,694 ' The manager's explanation ; of ' the cause of the differnce between the two amounts was pronounced tobe very unsatisfactory. After a lengthy and acrimonious discussipn, in the course of %hicb/ We directbrs-Wd /manager were severely r sensured shareholders for their conduct in- connection with Vaiidusyma^e^ it %vas j unanimously reBolved'th^t tb'e directors -be instructed to take ; 'Steps to voluntarily "wind-up the ;^ ih^ ; bank. ;-' • :t ' ;; ' : . '"- ITlie; ; yict6nan>; r Fire : Brigades 1 dembnstratipn '. L wa? V^ld . ,^t .. Beechw.brth, and there were 52 brigades, jnumberirig 900 i^en, in ; attendance. -Itvi as a great. euccess. •^ fii Scheme:; is on foot fpr : fpfma;tibn of? a'municipal; association in Victoria. '.iAvsad^event occurred: at: Ambury.' A fiiie young womau named, '•■ Miss Waterson was'fouhdiflf owned in awaterhole close to "h^f : TB^iden'ce', ; 'and it' is ; believed walked 'intblt^whils't 'asleep;' she 1 being subject to fits, of somnambulism. ;.;.,. ' >