NEWS BY CABLE

Southland Times, Issue 13284, 10 August 1895, Page 2

NEWS BY CABLE

British and Foreign United Press Association—By Electric Telegraph—Copyright. LONDON, Aug. 8. Owing to the persistence of Sir P. J. Currie, British Ambassador at Constantinople, Vali of Van and another Armenian Governor have been dismissed for persecuting Armenians. Italy, fearing aggression in Abyssinia, is preparing for a campaign in October, and is sending 20,000 troops there. The Standard advises the sale of the gold current accounts in the City of Melbourne Bank’s business to other banks, and the formation of a small Assets Company to slowly realise the remainder. The chess tournament is now proceeding. Steinitz beat jjßlackburne, Tchigorin beat Lascar, Pillsbury beat Tarrasch. The Echuca, from Australia, landed eight cattle and 95 sheep in good condition. The bullocks improved 30tb in weight, The sheep sold at 38s. Received 9th, 7.30 p.m. Purchases are being made of notes, drafts and deposit receipts of the City of Melbourne Bank. Several thousand pounds’ worth were bought to-day at 7s 6d in the £. The Edinburgh meeting agreed to th ■. Australian Deposit and Mortgage Bank bcheme subject to the] bank repaying 30 per cent, of the old deposit debenturs”debt in three annual instalments of 10 per cent, each, instead of six instalments of 5 per cent. each. A remarkable action for slander ,is being heard aud is cau.-icg great stir in society. Mrs Jacoby, a member of the Badminton Hunt, charges Dowager Lady Cowley with accusing her of writing and circulating obscene letters. The plaintiff asserts that Lady Cowley herself wrote them. Aug. 9. R ceived 10th 5 0.50 a.m. An eight-itoryed building being erected in West Broadway, New York, collapsed, and 80 workmen engaged upon it fell to the basement, 18 being killed. The cause was the piling up of material near, a lift on each floor.

A quarter of a million of the capital issued by the Australian Sme’ting Co has been over subscribe ’. It is intended to erect works at Illawirca immediately. The machinery will be capable of treating 200,000 tons cf sulphide annually. Contracts are out for it and a portion will be shipped on Fi i lay. The imports last month show an increase of L 3,292,000 and the exports L 2,160,000.

Dr Grace has scored 2000 runs'this season in first-class matches. Obituary—Lionel Cowen. ' '\ Seventeen men from the ship Prince Oscar have been landed at Philadelphia. Their ship came into collision with an un ; known vessel and both Bank, 40 in all being drowned. i < ... [SPECIAL.] LONDON, Aug. 8. Received 9th, ,11.15 p.m... It is reported that Baron Courcel, French Ambassador in London, is about to resign and that he will be succeeded by M. Btrrore. at present Min’ster to Switzerland. M. Barrere is hostile to Britain. Australian SYDNEY, Aug. 9. Tho Farmers’ Conference has resolved that if Parliament decides to impose direct taxation it should take the form of an income tax, applied to all classes without exception. Resolutions were carried in favour of a State bank, Government assistance to farmers in the export of produce, local government reform, and more systematic destruction of rabbits. Tho Government intend to let a contract to, manufacture locally L 26,000 worth of iron pipes which will give employment to 300 men. • '

The Herald, commenting on the New Zealand banking returns, says it is noteworthy that while in the other colonies there has been a general decrease in advances, in New Zealand an increase is apparent. This is more noteworthy from the fact that the Government has become a competitor with the banks in this class of business. With large averages of coin and bullion the position of the New Zealand banks is stronger than it was. MELBOURNE, Aug, 9. At the half yearly meeting of the Broken Hill Proprietary Co, Mr Moßride stated that he was satisfied that the damage by fire to Block 11 mine would not exceed L 20.000, The directors would be unable to pay monthly dividends during the coming half year, but hoped to pay five of a shilling each. In an action brought some time ago by a creditor to recover money deposited in Australia wit h the New" Zealand Loan and Mercantile Agency Co, the court has given judgment. The defendants claimed that the company was domiciled in England, and that it had been reconstructed under the English Joint Stock Companies Act, and that plaintiff had consented to the arrangement. Plaintiff denied having consented to the arrangement. The court held that the English Act was not made to apply outside Great Britain, and the pljea of the English arrangement could not prevail against an action brought in the colony for moneys deposited in the colony. Oa the law points judgment was given for plaintiff. HOBART, Aug. 9.

The Council has reinstated in the Companies Bill a clause permitting shareholders who are also depositors in tho Bank of Van Diemen’s Land to use their credit balance in payment of calls, THURSDAY ISLAND, Aug. 9.

News has been received from New Guinea of the suicide of Wilson, who recently abducted a halfcaste girl, stole a lugger and sailed away. He saw a lugger approaching and thought it was a Government vessel. To avoid capture he took poison, and tried to induce the girl to do the same.