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Timaru Herald, Volume LV, Issue 5739, 2 August 1893, Page 2

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(Per Eiectric Tblegbaph— Copvbight.) k (Pbb Pbesb Association.) , (Eeoeived 11.45 a.m., August lBt.) ; - London, August 1. ' A portion of the Duke of Westminster's > cargo is slightly damaged. i Melbourne, August 1. At a meeting of shareholders m Golda- ; brougb, Mort and Co., it was pointed out [ that if the creditors' scheme were adopted fully 75 per cent, of the shareholders would be unable to carry out their obligations, and it was decided to stand by the modified scheme, m the hope that British shareholders would do likewise. ' (Reoeived 5.30 p.m., August Ist). ' London, July 31. Nelson Bros, haye declared a dividend of 3 per cent. The City of Melbourne Bauk re-opens on Wednesday. 1 (Reoeived 1 a.m., August 2nd.) , August 1. Mr Valentine, the butter expert, . who -was appointed to report on the , grading of New South Wales butter, and on the industry generally, augi gests that New South Wales should I send butter of uniform quality, and . appoint a permanent expert m Lon- ' don. He urges that vessels should be '< supplied with tell-tale thermometers, 1 and that the colony should send con- > signments direct to English and northern t consumers. Mr Valentine further sug> ! geata that a strong effort be made to reduce freights on produce from Aut--1 tralia. (Special to Pbkss Association.) (Received 10.40 a. m., August Ist. > - London, July 31. , The Times thinks that the English bond- holders will accept Sir G. R. Dibba' scheme m its entirety, if it includes the : appointment of a Commission to administer the sinking fund. It suggests as members, the Colonial Treasurer and Auditor-General, with possibly the Govi ernor of the Bank of England. 1 At the annual meeting of the Union , Bank of Australia, Mr A. Flower said that the directors would always proudly . remember the confidence shown m the bank by the public during the recent crisis. Fresh business was daily flowing m. The Hon. Mr Mills was elected director, m place of Lord Hillingdon. The other directors were re-elected.