LATEST CABLEGRAMS

Inangahua Times, Volume IX, Issue 1399, 12 May 1884, Page 2

LATEST CABLEGRAMS

♦- (per reutbr'r aornoy. ) I Received May 8, 9.50 p.m. < London, 8. Her Majesty the Queen arrived a Windsor Castle from Darmstadt yesterday evening. The Oriental Bank, which suspended on the Brd inst was compelled to adopt this conrse in consequence of the rapid , and unexpected withdrawals of deposits j at its eastern branches. An examina- ' tion which has been already made of 'he available assets show that the de- ) positors will probably receive seventeen | .shillings and sixpence in the pound ! and meanwhile the liquidator will ' undertake the management of the Company's estates in Mauritius. Received May 9, 2.25 p,m. Melbourne, 9, The Oriental Bank is indebted to the Victorian Government for €195, 000 on ldah account, £185,000 on fixed deposit, £14,000 on current account, and £30,000 in drafta ;. The Premier has written to the as sociated banks contending that they are ajl jointly liable for any "deficiency in the Public Account that may arise b^y ttie failnre of the Oriental Bank. No reply to; Service's letter has yet b«en returned. - ' \ . ■■"•'" ' ' "S^dVeyV^. Arrived — Zealandia-from Auckland. The New South Wales Government has decided to take steps to recover the amounts due to the Public Account by the Oriental Bank. ' Received May 9, 0.45 a.m. Adelaide, 8. The following is the latest betting on the Adelaide Cup, to be run for at South Australian Jockey Club's Autumn meeting. 7 to 1 against Conjecture 7"1 Sting 8 « 1 Malua 8 l( 1 Frying Pan \ 8 " 1 Claptrap 12 " 1 King of the Vale \ Received May 9, 4.10 p.m. London, 8. News is to hand of a disastrous ex-

plosion which occurred at the factpjy 'of JSfobtl's Explosives Company, at Stevenston, Ayrshire, 10 girls employed in the Works were killed,' and other employees more or less seriously V injured. Lord St. Leonards has been committed for trial on a charge of indecent assault upon a female s<?r van.. Bail was refused by the Court to his Lordship. ■■■■■'"*" " The International Food and Health Exhibition, at South Kensington, was : formally opened today, the ceremony being performed by the Duke of ! Cambridge. The proceedings passed off with great eclat. Arrived — ships Waikato, and Wave Queen, from Napier ; Cingalese, from Timaru ; Emblelon, from Auckland. I Received May 10, 12.30 p.m. London, 9. A number of Australian colonists now resident in London, have decided to entertain Sir H. Lock at a banquet prior to his departure for Melbourne. • It is announced that the Turkish , Government is willing to adhere to the proposed European Conference, provided the whole ' Egyptian affairs are . discussed, . The Porte urges that the Conference should meet at Stamboul. Cairo, 9. | The Egyptian commanders of Dongola and Korosko, towns on the Nile, to ; the North of Berber, have sent a communication to the authorities here, in which they express themselves as . anxious for the safety of the towns. Government has accordingly ordered reinforcements to be sent to strengthen the garrisons of both places, Received May 10, 1 a.m. Sydi»ey, 9. Beach, who refused to row^ against Hanlan on the Nepean, now publicly notified his readiness to meet the Canadian oarsman qn the Paramatta River within two tuMths. Melbourne, 9. The Legislative Council iv this city ! have expressed their opinion that the ! Victorian Government cannot enforce its claim upon the associated banks fcdr any deficiency arising in the public ■ accounts by the failure of the Oriental Bank, the conjoint liability, upon which the Government basad its elatm being non-xistent in point of law. * ; Received May 10, 4.90 p,m. | London, 9. j With a view to arrive at a solution of the financial difficulty of the Oriental Bank a scheme is now being ; matured for the purpose of forming a new bank, to take over the liabilities aod assets of the insolvent corporation. Cape Town, 9. Intelligence is to hand from Zululaud, that a serious rising of tribes has occurred there, and Osborne, British Resident, has asked — the. Imperial authorities' for immediate- military assistance. 1 Hong Kono 9. Latest news received here from I Pekin states that the Imperial Chinese Council has coudemoed the proposal submitted by Li Hung Tsac, Secretary of State, in favor of immediate conclusion with France.