LATEST CABLE NEWS.

Manawatu Standard, Volume XI, Issue 1659, 16 March 1886, Page 4

LATEST CABLE NEWS.

(BY EtSOTBIOTEriEaBiPH. — CDPYBIGH'i ) (EETJTER'3 TELEGRAMS.) Adelaide, Monday. The Intercolonial cricket, inateh Vie toria v- South Australia concluded today. The Sooth Australian team won with 40 runs. to spare./ .: ' The ' report of the shareholders who were deputed to inquire into the affairs of tjjg -Commercial Bank of South Australia spates that the Committee of Investigation has cpljapsed m view of. the dishonesty of the manager and accountant who, owing to the culpable negligence of 'the directors, kept the "Board m ignorance of the true state of affairs and ; advanced upwards. of £278,000 mostly without security. ; they also U9ed the funds of the bank for their own pur poses and manipulated' the accounts so as to render discovery impossible m the ordinary course of audit; They considered the ; directors- displayed great lasity m the performance ofctheir duties, and notwithstanding the experiences of management prior to the year 188,6, they failed to exercise any ordinary precait-- 5 tion against a misappropriation of funds. The report states tliat^the losses of the bank are no way dii© to depressipn of trade. The' total iosses:incurrelcl^b| r the bank are set down at £324,000. 'I ' [London, Jtdrch 15. 1 Earl :Roseberry, Secretary: of State' for i'breigu Affairs, has instructed Sir Harry Drummond Wolff:, special crimthisHbn'er m Egypt, that the British army m occupa tion will shortly be reduced by six regi;, rnents and informed iiiui that -Her Majesty's Government propose to /withdraw the British force to Assouan as the furthest' southerly outpost, " while' tihe s Egyptian troops will protect the frontier so far as Wady Hajfa. Monk htar Pasha, the Turkish Commissioner, hesitates to assent 40 the proposal as the withdrawal of the British, forces. will entail- large reinforcements' in the-EgypiiJvn Army. | Hostile Ar«bs m tiie vicinity, of. Sua kirn are renewing: activity. A body of friendly na.tives who were o.u.t. foraging were attacked' near Hasheen, they made a determined stand,-hawever," routing the: rebels and killing "thirty of their number. . ■■_ :•.•'- . . ■; : -..- -■. .., Sofia, March 15. Prince Alexander of Bulgaria J has d,aded hia ratification of the treaty concluded with the Porte for ih& settlement of the diificultie between B'ulffaria and Servia. r . ; ;