Telegraphic News.

Akaroa Mail and Banks Peninsula Advertiser, Volume V, Issue 496, 15 April 1881, Page 2

Telegraphic News.

LATEST EUROPEAN.

(REnTER's Telegrams.) (Special to The Mail.) London, April 12. Consols remain at 100£. New Zealand securities arc unchanged at last quotations, viz. : —5 per cent 10-40 loan, 102£; 5 per cent 1889 loan, 106 ; 4£ per cent 1879-1904 loan, 98. Adelaide wheat ex warehouse, 51s; New Zealand ex ship, 47s ; Adelaide flour ex warehouse 345. Australian tallow unchanged at 34s for best beef, and 86s 6d for best mutton. Best Scotch pig iron No. 1 f o.b. in Clyde has declined £49 Is. A bulletin issued this evening reports that IJarl Beaconsfield has again experienced renewed difficulty in breathing and is still in a critical state. The Conference of Land Leaguers held at Dublin hae passed a resolution declaring the Land Bill now before Parliament to be inadequate to meet demands of tenants. Constantinople, April 12. The Ottoman Government has sent a circular note to the powers deprecating any violation of territory in Tunis. The pretty playfulness with which littlo children charm away the cares of their parents was illustrated by a touching occurrence in Indiana. A boy of six years, after watching tho laundry proceedings, and especially the way in which the wrinkles in the linen disappered before the flatiron, retired to meditate in the room where his father was taking his after dinner nap. There gazing on the furrows which years of struggle had made upon the marble brow of bis parent he was seized by a beautiful idea. In less than a minute that devoted little boy was smoothing out those marks of time and sorrow with a very hot fl.it iron. Life doesn't seem so happy to his young heart now as it used to.

If - everybody in arrears with their tradespeople could pay their debta like the Judge has ordered William Roborts, of Leamington, England, to do, they might make their iniserablo lives happy. Roberts, it appears, who was a builder, compounded with his creditors, and a composition of 3s in the pound was accepted, to be paid in notes jointly signed by himself and a Mr G. \V. Grove within a month of the registering of the resolution. Mr Grove forwhrded n crossed cheque in due course to Messrs J. Denstone and Co., who were amongst the creditors, but they rejected it on the ground that it was not in conformity with the resolution. The Judge hold that the plaintiffs were technical!}' right, but marked his good sense of thp proceeding by ordering the defendant to pay the debt by instalments of Id per month. It will take upwards of 290 years to pay tho necount.

An exceedingly interesting experiment h now being tried in Cheshire (sny.n Ihe Pall Mall Gazette). Mr Uinney, n Manchester so'icitor, with a firm faith in the saving virtues of n peasant proprietary, was impelled a year ago. by a suggestion made by Lord Derby, to put his theories to the test of practice. He bought an estate of 150 acres at Wiiitely, in Cheshire, and resold it in email lots ot one, two, or more acres each to men who were wiWing to settle on the land. About half the estate h,.s been resold, and twenty habitations have already been run up foi the accommodation of the small landowners. Each settler owns the fee-simple of his plot," and as the colony is within easy distance by rail from the great industrial centres of South Lancashire, they can command a never-failing market for their produce. If this colony of market gardeners or peasant proprietors should prove a " trade success," a practical step of the firat importance will have been taken to solve one of the most difficult problems of our time.