CABLE NEWS.

Wanganui Chronicle, Volume XXXVII, Issue 11902, 11 December 1893, Page 2

CABLE NEWS.

[By Electric Telegraph— Copyriciht.] (Per Press Association.) Lonuon, December 8. It ia doubtful if the statutory meeting of the Now Zealand Lonn and Mercantile will be held before January, consequent t upon the intervention of the Chrißtmaa i holidaye. < Earl Jersey road a paper on New • South Wales at the Imperial Institute, Ho said Australias' greatest draw- ' back was want of population. lie advo- j catod irrigation, though he was doubtful ; if it would be possible to borrow for the '. purpose nt present Under sagacious leaders, ho thought, trades unionism waa not a dangerous force, but he advised fuller recognition of the rights of capital Ho lauded Sir G. R, Dibbs lor his financial courage, but thought Sir H. Pnrkes ! was the greatest political force in Austra--1 Ha He doubted the possibilities of the 1 early formation of a Central Govornmont 1 for Australia. Sydney ought to b« a ' froe port, and he predicted a great destiny for Now South Wales. A financial syndicate in London is prepared to make an immediate advance to the Melbourne Board of Works of two hundred thousand pounds, pending the issuo of a loan of £800,000 which is to be issued early in next year provided security is given which is quotable on the London exchange. Tho syndicate will not accept deposit receipts as security because they are unquotable. The shareholders in the English, Scottish and Australian Chartered Bank have re-elected the old directors. Mr. Hegan made a favourable statement at the meeting as to the prospects of the business, and said that the old holders had taken 44,159 now shares. Mr. B. S. Smytho is lying at tho Savage Club very ill from pneumonia. Tho dispute betwoen the Victorian Treasury and the Associated Banks respecting the 189 L loan, and which was referred to Mr Childors, has been settled. Mr. Childers awarded the Government £2,100. The first eea-going ship to pass up the Manchester Ship Canal has reached Manchester. The Australian shipping companies contemplate raising the measurement freights by tne mail steamers to 3os per ton. Paris, December 7. In tho trial of the brothers Rorigue at Brest on a charge of piracy and murder in tho South Seas, the prisoners declare that the cook's story, accusing them of shooting the captain of the schooner, poisoning the crew, and enslaving a number of Kanakas is an invention. Bkelin, December 7. Tho Committee of the Beichstag has adopted reciprocal commercial treaties with Servia and Roumania. Rome, December 7. The Ministry formed by Signor Zanardolli not having succeeded in gaining biipport, the King is consulting Signor Oispi. Signor Zinardelli failed in his effort to form a Cabinet owing to his inability to suitably fill tho portfolio of Minister of Finance. Ho could not find a member of tho Chamber of Deputies willing to assume the cilice.