CABLE NEWS.

Wanganui Herald, Volume XXII, Issue 6632, 6 October 1888, Page 2

CABLE NEWS.

(By Electric Tolegraph— Copyright.) (Per United Press Association.) Received Octobor G, 1.5 a.m.

INDIAN DROUGHTS. Calcutta, Octobor 4.— Severe droughts

havo bcon experienced in the districts of Gizerat and Kattywar, cxtonding to the Bombay presidency. Tho rice crop 9 havo failed in many parts of tho country, and famine is anticipated.

THE MURDERERS OF COLONEL BATTYE PUNISHED.

A shnrp skirmish lias taken placo between the British troops eonfc to punish Colonel Batfcyo's murderers and tho Akazis, and the lnttor were disporseil.

i OUTLETS FOR SUKPLUS POPULATION. London, October 4.— The Pall Mall Gazctto strongly opposes the annexation of Bochuanaland to the Cape, and urge 3 that, together with Western Australia, they should be reserved as Crown colonies to rclicro Great Britain of its surplus population.

A MISSIONARY PROPOSAL.

At tho Church Congross to-day, the Bishop of Calcutta's proposal that all religious bodies should unite to promote and carry out missionary work, came up for discussion. That Prelate argued that missionary efforts should be devoted to christianising without dogmatising. The Bishop of Carlisle was tho only supporter of tho proposal.

GLADSTONE'S PUBLIC CORRESPONDENCE. It is stated that Mr Gladstone is revising his public correspondence dealing « ith the leading ovents of hia life, with a viow to publishing at an oarly date. COMMERCIAL.

New consols £98 ss. Tho market rate of discount has advanced to 4} per cent. Received Octobor 6, 11.45 p.m.

ENGLISH PAPERS ON THE BANK OF N.Z.

Tho Standard says the circular issued by tho Bank of New Zealand is tho most satisfactory paper that has emanated from tho Bank for a long time. It frankly discloses the truth and corrocts 'past errors, while providing a romody for the unfortunate position into which its affairs have fallen, Tho proposals for a clean balance-sheet and obtaining sufficiency of now capital aro extremoly reassuring. The Times considers there is good reason to hopo tho measure proposed will prove effective. Tho Bank's shares fell to f D, but havo recovered slightly.

FROZEN MEAT. A hundrod Now Zealand frozen bullocks havo sold at £10 each, N.Z. frozen mutton s^d, Australian ditto 4Jd. ' i

WOOL SALES.

At to-day's auctions 9000 bales of wool wero sold. The present scries closo on 10th October. BANK OF SOUTH AUSTRALIA. Tho profit of tho Bauk of South Australia for the past half-ycnr was £2G,G00. ' ' A dividend of G per cont was doclared.