LATEST TELEGRAMS. (BY Electric Telegraph.) FROM OUR OWN CORRESPONDENT.

Te Aroha News, Volume III, Issue 126, 31 October 1885, Page 2

LATEST TELEGRAMS. (BY Electric Telegraph.) FROM OUR OWN CORRESPONDENT.

r.n;;;n .1 AUCKLAND, Fridays ' Tn consequence o£ the intemiptipti in the cable no English ne\vd'r*ceived to day. v I '

SHARE MARKET/ ! Sheiemaiket dull. Buyers : Cambria, 1 21s to22s t Crowns, 6s 6U ; : Kenil worth*. ' . 6aptain Oli vdi\has been appointed ee'eretary to the Auckland ' Club. •• | A special meeting 'of the Chamber of Commerce was held to-cluy nt which neurly all the meinhei's' of purliilinent were present. The following resolution was unanimously adopted : — That this Chamber protests against the intention of Cfbyerninejit to negotiate the No.rth tBl«n(jLTnink Railway oil the million biin hi April next,, with the, jmmed divehin'g it- 'to other works thrtn xhosv which the Acts specified. ' ' The Board of Education election resulted as follows.: — Lennox, 52 ; HJddy, 45. .....'.

I ' Karangahake, Friday. " | The Diamond main tunnel from' road i 180, fe.et in length i-Jias. been widened and \ rails laid}, in order to carry on extensive operations. A paddock for quarty has been excavated outside, .the" driVe; and a^ start will be at once made to gat quartz to the Thames..

PROSPECTING, TO BE SUBSIDISED. The principal points in the new regulation^ for the encouragehient of prospecting x are as follows : Upon any county council, or -where counties are not infoi'cej road board adopting the regulation's for prospecting for diamonds, „gojd,. silver, subject to conditions,' aribaidiae ,by <£ for £ the' amounts expended- by sudh county councils or road iboardsi -The lamoun't's" payableby, subsidy- to; any , cpunty. council in any one' year shall not exceed <£500. and to any road board in any one] yei\r, shall not exceed £209. ' 6-overnn^ien't' shall subsidise by. i pound for jpqunjl any amounts expended by county councils or road boards in the' purchase or borrowings of appliances to be Used for prospecting,^ur.{|qses. „: Ii! ,^ j ' „;