Cable Brevities

Feilding Star, Volume XIV, Issue 116, 30 May 1893, Page 3

Cable Brevities

News has been received in London that the ship Dolphin collided with an iceberg off Cape Storm. The vessel caught fire, and subsequently sank, 15 of the crew going down with her. The captain and his wife and six others succeeded in launching one of the boats, and were exposed for 20 days. They suffered terribly for want of food and water, and were driven mad. Only a negro was saved, he being picked up by a passing steamer. The reconstruction scheme of the London Chartered Bank of Australia calls up the remaining liability of £20 per share, and provides for the formation of the i London Bank of Australia, with a capital I of £4,000, 000 ; 62,500 ordinary shaves will be issued at £40 per share, and j 150,000 5£ pec cent cumulative preference shares of £10 each. Holders of old shares will receive ordinary shares credited with £15, and the balance will be payable in three instalments of £2 10a each, in August, November and February next. At the conference of Premiers, comprising those of Victoria, New South Wales and South Australia, it was agreed that recent events required that laws should be enacted with respect to banking in the colonies ; further, that a State National Bank, as popularly understood, was not required, but that the banks should be snbjected to conditions and restrictions somewhat similar to those of the National Banks in America. The exhibitors at the Chicago World's Fair are dissatisfied at the single judge system. The officials state that it is likely that 84,000 medals will be left on their hands. Some of the American States exhibiting at the Fair also are dissatisfied with the system of judging, but the directors say they have now no time to change the methods, which were regulated by Consrress. The Chicago Wild West Show has been destroyed by fire. Several camels and a number of Arab horses haye been burnt to death. Mr Charles Forster, who held the portfolio of Treasurer in President Harrison's Government, has failed. His liabilities are set down at 600,000 dollars. A hundred Nihilists have been arrested at Warsaw for plotting against the Czar's life. ___________