ANGLO-COLONIAL NEWS

Te Aroha News, Volume IV, Issue 204, 21 May 1887, Page 5 (Supplement)

ANGLO-COLONIAL NEWS-

London, May 11. Mr Gborge Murray, of Sydney, has been awarded the Gaisford prize at Oxford. The Caledonian and Australian Mortgage Agency Company is announced with a capital of a million. The first issue of shares will represent £600,000. The German Squadron, under Admiral Knorpp, has sailed from Capetown to Sydney. The new Mortgage Agency Company proposes to make advances on city property in Australia. Mr J. W. Downer attributed the success of the South Australian loan partly to the educating influence of the Conference, which had dealt with the perfect securities offered by the colonies. The Admiralty have decided that if H.M.S. Imperieuse, which it was intended should relieve H.M.B. Nelson on the Australian station, is unsuitable, H.M.S. Northampton, now in commission at Southampton, shall be substituted. Captain Tyne Hamil will be commander, with Commander Errington second in command. The scrip of the Australian loan is quoted at a premium of 2 3-Bthper cent. At the trial of the Thornycroft torpedo boat to-day, Mr Service said that in thirty years Australia would be strong enough to execute a Pacific policy without the aid of England, and that action would likely be taken if her wishes were now ignored. The P. and O. Company's new steamer Victoria has been launched. The " Times " warns Lord Salisbury that? he must not trifle or dawdle with the New Hebrides question. Lord Carnarvon, addressing the London Chamber of Commerce, urged that England should stiffly resist the system of bounties encouraged in foreign countries. The *• Pall Mall Gazette " is publishing a series of exciting articles on the Tongan outrages. The Australian Mutual Shipping Co.'s steamer Amoy has sailed for Melbourne with a full cargo. The mininer market is improving, and Mr Mclntyre, M.L.C., is hopeful of being able to float the Eatglehawk Consolidated (Maldon) Goldmining Company. The Agents-General have had an interview with Mr Cecil Raikes regarding the mail arrangements. The question Of reduction in the subsidy was not mentioned ; the Agents-General merely asked Mr Raikes to secure the power to despatch mails from the, last port of departure in England. The Agents expressed surprise that Mr Raikes had not sent the Mail Company's final , offer to the Colonial Governments, and urged him to use despatch in the matter. . Mr Deakin will leave on Wednesdays arid SirrW. Downer and Sir S Griffiths will sail on Friday.