ENGLISH TELEGRAPHIC ITEMS.
—o— The British Government are massing troops on the frontier of Affghanistani.in case it should he found necessary to undertake a march to Cabul. The mission to the Ameer has been abandoned. Orders have been given to concentrate nit Quettah with a view of making an immediate advance to Kandahar. It is expected to detach'the Kyber Pass from the Ameer. Although the British Government are in possession of evidence showing that Russia has promised tho Ameer a subsidy and a portion of Indian territory in the event of a successful war, they desire to leave the Affghan question entirely in the hands of Lord Lytton, and to avoid dragging Russia into the dispute. The City of Glasgow Bank has stopped payment. Its liabilities are reported to be L 10.000,000, and the assets unknown. One cause of the failure was the lock-up of its capital in Australian land. The attempt on its part to transfer a portion of its liability for New Zealand advances failed. Owimto the Bank’s failure three Indian firms have stopped payment, with liabilities amounting to L 3,000,000. They are Smith, Fleming, and Co., of London; William and Michael, of Bombay ; Fleming, of Kurraebie. A groat number of other firms are involved. The Scotsman states that the result of these failmes will be more disastrous than the failure of the Western Bank in 18S7. The deposits in the Glasgow Bank amounted to 1.8,000,000. Several of the Scotch Banks are proposing to their deporttors immediate payment of half of their deposits. Tho Daily News says that an immediate movement of British troops on Cabul has been decided on. The Cabinet has dispersed to the country after the meeting of the s‘hIt is understood that nodefinitoconclnsion was arrived at on the Affghanistan question, hut the Government will support the Go-vernor-General of India. Probably Kandahar and Jellalabad will be occupied before winter. A clerk in the Bank of England has absconded with notes to the value of fifteen thousand pounds. Large reinforcements wit’ leave England immediately to augment the batteries' aad regiments selected for service in Afl-hanis-tan. _ Sir M. Hicks-Beaeh, in a speech at Chipping Norton, warmly nraised the patriotic behaviour of the Colonies during the Eastern crisis, which thus testified to their lovalty and to the unity of the Empire. A telegram in the Star, dated London, October 7th, states—War has commenced. The British troops moved in strong force against the fortress of Aliraiissun, on the frontier, and after a very severe conflict captured it. The Anver continues warlike. The British commissariat is reported to he r’efcctive. At a panic caused by fire at a theatre in Liverpool, 37 persons were killed and many injured. Hugh Balfour, of Manchester, has stopped payment. Liabilities. 150,000.
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Bibliographic details
Dunstan Times, Issue 861, 18 October 1878, Page 3
Word Count
457ENGLISH TELEGRAPHIC ITEMS. Dunstan Times, Issue 861, 18 October 1878, Page 3
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