CABLE NEWS.

Manawatu Standard, Volume IV, Issue 51, 29 January 1884, Page 2

CABLE NEWS.

The French Transport Bill. Trial of Victorian Ctan-Boats. The Press on Federation. The UTew Governor for Victoria. The Oriental Bank. (BY RLBnTRIO TEt/EOIUPH— COPYRIGHT.) (srEpif^^-BTNrpßtt PRBS9S ASSOCIATION.) X lit J.\ London; . January: 26; v The Committee of the French Senate their report on the Recidivisies Bill until the Minister of Marine announces the names of the places to which the recidivistes are to be-rele-gated. ;i/ •: At the trial of the new Victorian gunboats the 'Victoria , irn'ade twelve ; and a half knots, an.d- the Albert ten and a quarter. The machinery and guns of each! bb&t worked" .sfao^tWyl . The Times, reviewing the-work_of ? th?' Australian 1 Conference, hig^y- approves of the establishment /of/phe pro- , posed Federal Council, but considers' it ' too soihll m numbers to adequately, represent or legislate for the diverse i sections m the co'onies. The Spectator expresses its opinion that the Colonial Office will redraw the whole Bill. The name of Lord Camperdowii is mentioned as that of a probable suc^ cessor to Lord Normsmby as G-overuor of Victoria. Colonel Scratchley returns at the^ beginning of March. ' -•■ The directors of the (Menial Bank recommend its re-establishment under j the Limited Liability Act, and a meet ing of shareholders is to be held on February. 28th to •tfon.iider the pro pbsal; ' ; . , Early shipments of new Australian wheat are;.otrered at 41s'6d., but buyers appear reluctant to do business at UiaV price. ' "'" ; ; The Economist "ays that the recent large export of gold to •Australia is directly traceable to the large and rajud increase -Jf colonial indebtedness, and J j that borrowing 1 has been overdone. The Weakiu-ss of the reserves m the Au&tr'alian banks is strikingly shown. ' Mr Saul Samuel, as Agent-General "for "NeAv South Wales, has invited tender.* for the manufacture 1 m the colony of 150,000 tons of steel rails. ..The Times, m noticing the fart, : ox pressed a hope that no attempt will be made by ~th^~©olotfial ' Government 'to the industry m any way.