NEWS BY CABLE

Southland Times, Issue 13285, 12 August 1895, Page 2

NEWS BY CABLE

British and Foreign United Press Association—By Electric Telegraph—Copyright. LONDON, Aug. 9. The yacht Ailsa won the Cowes Cup, beating the Prince of Wales’ Britannia by four minutes. She will also compete for the Australia Cup. The Australian Debentures Company is issuing at par L 50,000 worth of 4J per cent, mortgage debentures, to redeem terminable debentures. The directors of the Londonderry mine report that the unsettled question relating to Casey’s interests prevents the completion of the trust. Colonel North and Lord Fingall are prepared to execute. Unless the shareholders desire litigation the directors propose to comply with the demand of the Australian vendors of shares, though they are advised that the case is full of suspicion. Lord Fingall objects to the erection of machineiy until the mine is further proved,as he regards tbe prospects of success small. Only L 30,000 of working capital is available, irrespective of Colonel North’s trust. A meeting of shareholders is called for the 16th inst.

In the case of Salisbury versus Rawson, remitted from the Chancery Division for the purpose of having the paternity of Georgina Priestly Salisbury, an infant of 15 months old, determined, the Queen’s Bench has decided that Mrs Salisbury had failed to establish the legality of her daughter's birth. The defendant alleged that the child had been adopted for the purpose of fraud.

Mr Pryor, presiding at a meeting of Goldsbrough, Mort and Co’s depositors, said the committee had tried to hold out a helping hand to the poorer shareholders. Mr Mitchell said he believed L 600,000 was likely to be forthcoming from rich holders. He cordially approved of the present proposals, which would be better for shareholders than those originally made. He had received a cable showing a loss of L 60,000 on the year’s balance sheet. Mr Young said it was probable that it would be found necessary to further write down the capital. The bank had consented to take one third of tbe amount owing in debenture stock and accept the remainder in cash as calls were paid. The meeting unanimously adopted the scheme, which was also unanimously accepted by shareholders.

France has established a consulate at Fez. Britain and Spain are arranging for a naval demonstration at Tangiers. The Chinese Minister and the British Cabinet are consulting regarding the massacre at Kucheng. The Bank of England reserve in notes and bullion is L 28,134,000, and the percentage of reserve to liabilities is 57'86.

Three months’ bills are discounted at gths per cent.

Colonial stocks New South Wales 4 per cents., 115 J; 3j’s, 107 y; Victorian 4 per cents., 105 ; 3|’s, 10l£ ; South Australian 4 per cents., 112 ; 3J’s, 105 ; Queensland 4 per cents, 110 J ; 3J’s, 104-J ; Tasmanian 3 J’s, 104 J; West Australian 4 per cents., 120; New Zealand 4 per cents., 112; 3J’s, 106. New Zealand long-berried wheat, ex warehouse, 26s 6d per quarter, nominal; South Australian, 27s—firm; Victorian, restricted, 275. New Zealand frozen mutton — First quality, 3Jd ; seconds, 3|d ; lamb, 4{d, Sugar—German beet, 10s per cwt.; Java cane, 12s. Pig iron, 45s IJd per ton. Silver—3oJd per oz. Aug. 10. Received 12th, 6 p.m. It has been officially announced that stringent orders have been issued by the Chinese Government to prevent further outrages and 15,000 soldiers have been despatched to protect the missionaries in Kucheng and'punish the murderers.

Reports from Washington states that the U.S. gunboat Petrel, with 1000 marineis picked from the U.S. warships stationed in Chinese waters, with gattling guns, will proceed to Ping Yang to protect the missionaries | and European residents. A Shanghai message from the British people declares that Lord Salisbury’s demands are utterly inadequate and delay dangerous. The Cowley slander case has been settled privately. The Marquis of Salisbury has received reports that owing to Kurdish raids in Malori and other parts of Armenia the [sowing of crops has been prevented and that 5000 people are on the verge of starvation. A number of villages have been destroyed and 800 people are said to be living in caves. Many are naked and their only food is leaves of trees and green plants. The s.s. Warrimoo, from Sydney, went ashore on Cormanch Point in a dense fog, but was floated off without sustaining injury and is being towed to Vancouver. It is reported in Vancouver that Mr J. W. Mackay, a director of the Canadian Pacific Railway Company, and a number of San Francisco capalists will co-operate to lay a Pacific cable.

The German press profess to be scandalised at the Powers upholding an agreement which is producing a state of anarchy in Samoa and urges that if the treaty is not cancelled the natives ought to be disarmed. Lady Frances Gaming (?) bas been committed for trial on a charge of forging her father’s name to bills of exchange. She has admitted the offence.

The owners [of the s.s. Maori King have settled the claim for damages to meat, resulting from an accident to the i efrigerating machinery in Sydney in December last, by paying 50 per cent.

Mr Mitchell declares that the Goldsborough, Mort and Co.’s scheme secures for all time the company’s financial stability, and said that the Victorian Ministry had promised to do all in their power to facilitate the passing of an Act to enable the change to be made.

' Aug. 11. Received 12th, 0.35 a.m. In an engagement between Turkish troops and the Macedonian insurgents at Kuctendil the former were victorious, and the latter lost 200 killed. Thedirectorsof tbeManchesterCinalCoare conferring with theAgent-Generalof Victoria relative to a direct line of steamers from Australia to Manchester. In commercial circles it is believed that the negotiations will bear fruit. The mission societies combine and wait as a deputation on the Premier demanding that prompt action be taken to prevent a repetition of the massacre in China. Sir Leonard Lyell has been re-elected for Orkney by a majority of 781.