YESTERDAY'S TELEGRAMS

Globe, Volume IX, Issue 1259, 1 April 1878, Page 2

YESTERDAY'S TELEGRAMS

[BY SUBMARINE CABLE.] [beotee’s special telegrams to the PEESS AGENCY.] Resignation of Lord Lord Beaconsfield’s of Ms Policy Raising of the Bank RatePanic on the Stock Exchange. Consols DepressedLokbon, March 28. Lord Derby has resigned. He approved o the policy of the Cabinet regarding Congres but not of calling out the reserves. Lord Beaconsfield defended this on tb ground that the measures were necessary t> the peace and security of the Empire. A Papal Allocution approves of the jafc papal policy. Lord Derby has resigned. A special Cabinet meeting was held to-tay to consider the Russian reply to the Briish demands. Sir Stafford Northeotc stated in the House of Commons, that the Russian reply, received yesterday, adhered substantially to previous declarations, in effect, that the signatoryPowers may raise such objections as they maythink fit, but Russia reserved to herself f ull* liberty either to accept or decline discussion:, of them. This, added Sir Stafford, virtually closed all further diplomatic correspondence on the subject. LATER. Karl Beacons field explained that Derby s resignation was consequent upon the warlike attitude which had become necessary for them to assume, and also expressed a hope that now all probability of assembling Congress had ceased, and the balance of power ia tfco Medi*

terrean being disturbed, that the advice tendered by the Government to the Queen to call out all the available Reserves would bo thoroughly approved. SPECIAL. London, March 29. Lord Salisbury succeeds Earl Derby. The Government policy is not an aggressive one, but they will prepare for war, at the same time hoping for peace. The Opposition are expected to resist the calling out of the Reserves. Count Andrassy is attempting to reconcile England and Russia, The Bank of England has raised the official minimum to 3 per cent. There is almost a panic on the Stock Exchange, owing to the state of affairs. Consols extremely depressed. INTERPRO VINCI A L. (Ybb pbess agency.] The Parekarenga Native Meeting. Land in Hawke’s Bay. Government Fire Insurances* Fiji and Samoa. Auckland, March 30. The opening of the Ohaupo Railway line has been postponed. ~ The publication of the handicaps ter the Auckland Easter Meeting is postponed until Thursday. Sir G.'Grey arrived per Hinemoa. The meeting at Parekarenga is over. There ■was a great deal of talk, but very little done. 'The Native speakers all asserted their determination not to concede large blocks of land to the Government, but either to return the money or a portion of the land instead. 'They said the Government had held over the •completion of the purchases, and through their delay the matter was lost to sight altogether. lie surveys, they threaten that auy surveys earned on without their consent would cause trouble, and, perhaps, the surveyors would be killed and eaten. They had heard there was a new Government formed, but they did not believe it to be true. They were in the dark. H.M.S. Sapphire brought to Fiji Hunt concerned in the lynching case at Samoa, who has appealed to the Supreme Court at Fiji against the sentence of 12 months. The Bobtail Nag, brigantine, was wrecked in Yiti harbor. The crew got ashore. Governor Gordon offered to reduce the indemnity of the Samoan authorities for the Barracouta affair to 6000 dollars, which the Samoans refused to pay, and afterwards rejected two separate sets of articles of treaty.

The case of Chambers, lessee of the Eepongaere run, v. the Natives, for illegal interference with the rights of lesseeship was heard yesterday. This is the first of the law suits, locally "known as the Repudiation cases. In the absence of Mr Rees, M.H.R., Mr Broomfield appeared for the defendant. The natives were mulcted to the extent of £O7. Napibe, March 30. The Arlington Estate having been cut up and sold, realised over £12,000. The suburban sections ranged from £6 to £lB per acre, and a sale of small farms settlements fetched from £3 10s to £8 per acre, and brought in £45,000. As the land was of very ordinary quality, the prices obtained excited surprise, and several other runholders contemplate cutting up their lands and offering them foe sale on deferred payments. Theie is a talk ,of constructing a tramway to enable these large runs to bo brought into the market for small farms. ... Wellington, March-30.

In receiving a deputation of the Education Board yesterday, Mr Ballance said he considered the sum voted for education purposes inadequate, and that the Government intended next session to ask tor a vote of £IOO,OOO for • educational purposes. A return has been prepared by order of the Government, allowing the loss of Government property occasioned by fires during the last ten years, also the_ sums paid for insurance during that period, with a view to ascertaining whether or not it would bo advisable to insure all Government buildings. It appears that the total loss sustained by Government through fire during the last ten years _ amounted to £44,860 The heaviest item was the Custom-house and Post-office at Auckland, the loss at which was estimated at £25,000, The smallest loss was that at Wellington Railway Station, which was burned about two months ago, and was valued at £3OO. Other items are Auckland Lunatic Asylum, £16,500; Government Buildings, Picton, £1800; Government Buildings, Blenheim, £3200; of which £2500 was insured, leaving an actual loss of £7OO. The amount of insurance paid during the ten years has been £6IOO. It is stated that the Government consider it is advisable partly to insure the larger and more valuable buildings to the extent of about half the value, Government taking the half risk. In the case of the smaller buildings it is found that it is not profitable to insure, and that it is more saving to take the risk of small losses. The Government buildings at Wellington are insured for £25,000. Ghetmouth, March 30, The first batch of four thousand salmon fry was placed in the Grey River to-day. There are supposed to be between twenty and thirty thousand lively fish in the ponds. The remainder will be turned out during next week. Riverton, March 30. A fivesvoomed house, the residence of John Arnett, was burned down at Eastern Bush early yesterday morning. _ The property was insured in the South British for £2OO. Dunedin, March 30. The swampy sections, fronting Anderson’s Bay rood, were sold to-day on account of the Harbor Board, and realised an annual rental of six hundred and sixty-seven pounds, being 50 sper cent, above the anticipated price.