GENERAL CABLE NEWS.

Gisborne Times, Volume XXVII, Issue 2546, 6 July 1909, Page 5

GENERAL CABLE NEWS.

A WILL -SET ASIDE. United Press Association —Copyright LONDON, July 4. The Master of the Rolls at Dublin set aside a deed wherein John Boyce, formerly of Naples, now an inmate of a Dublin institution, conveyed a large fortune, to St. John Brennou, for many years a journalist in London. INTERNATIONAL MERCANTILE MARINE COMPANY. NEW YORK, July 4. The balance-sheet of the International Mercantile Marine. Company shows a deficit' for 1908 of 1,729,000 dollars (£345,800). [This company, which is sometimes known as the Morgan Combine, was formed in 1902 by the union of the American, Atlantic Transport, Dominion, Leyland, Red Star, and White Star lines, together representing 132, steamers of a total of 1,159,704 tons.] DUTY ON AMERICAN COMPANY EARNINGS. The Senate, at Washington voted in favor of a 2 per cent, duty on the net earnings of corporations, stock companies, stock associations organised for .profit, and insurance companies. BURSTING OF A RESERVOIR. A large reservoir at Cabolt, Ontario, burst, and caused half-a-million dollars’ damage. STEAMER SERVICE ABANDONED. MELBOURNE, July 5. A contract recently made for a fortnightly steamer service between Melbourne and Fiji has been abandoned. Possibly another and higher tenderer may accept the contract. LAND TAjX BILL. The State Government is preparing a Land Tax Bill estimated to bring in £400,000 annually. The object is not to burst up large estates, but to induce wider use of the land for settlement, THE TURKISH FLEET. (Received July 5, 10.15 p.m.) CONSTANTINOPLE, July 5. The Sultan reviewed Admiral Gamble’s fleet, and held a reception aboard the flagship. [Admiral Gamble is an English officer entrusted with the reorganisation of the Turkish fleet.] THE GERMAN AFRICAN DIAMOND FIELDS. BERLIN, July 5, Herr Dernburg (German Secretary fo,r the Colonies) estimates the value of the diamantiferous deposits in German South-west Africa at 50 million sterling.* , BASEBALL IN SYDNEY. '(Received July 6, 12.45 a.m.) SYDNEY, July 5. The Columbia boys defeated Sydney University at baseball by 13 to t.