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ADDITIONAL MAIL NEWS.

[ FROM THE CORRESPONDENT OF THE PRESS.] Auckland, November 19. The Bank of Glasgow was an unlimited liability one, having a million sterling paid-up capital. It had 133 branches, and paid progressively increasing dividends for several years past, until they reached 12 per cent. Its operations were upon an enormous scale. It had indirectly speculated in Indian produce and Australian wool, some £2,000,000 having been accepted for account of three firms. Rumours are current that some of the directors of the Bank received enormous advances out of the funds they were administering. The " Times " says the shareholders will have to meet a deficit of £3,200,000. A committee of Scotch Banks are making arrangements to pay 10s in the £ as soon as it found safe to make advances to that amount. The local branches of the City of Gl isgow Bank in the Isle of Man held £1,750,000 deposits. This was about all the money in the Island, and many persons are left destitute. The Rothschilds hold about £BBO,OOO acceptances of the Bank. The bankruptcy is announced of John James Wright and Co., Glasgow nnd London. Wright is one of the imprisoned directors of the Citv of Glasgow Bank. He and his partner, William Scott, are heavily indebted on acceptances. The United Society of Boilermakers and Iron Shipbuilders threaten a strike on the Clyde. It has 20,000 members, and £40,000 general fund. Sir Michael Hicks- Beach says that Cyprus now belongs to England. The Fenian convict Claney, sentenced in 1867, was liberated. Lord Dufferin sailed for England from Quebec on the 19th October. Duke Charles of Schleswig-Holstein, brother of the King of Denmark, is de-id. James Johnston, proprietor of the " Standard," London, is dead. The Turks are mounting fresh guns on the lines of Constantinople, and constructing fresh works. The Austrian occupation of the Turkish provinces is complete, except Novi Bazaar, which is held by Osman Pasha and 120,fi00 Turkish regulars, besides a large Albanian contingent. Austria was assured that her advance would be resisted.

A rising in Turkish Croatia is anticipated. Michael Heraghey, one of the prisoners charged with the murder of Lord Leitrim, died of typhus fever. On the Russians evacuating Baboeski it was occupied by the Turks. On Todlebeii receiving the Czar's orders to re-occupy, he summoned the Pasha and garrison of the Porte to surrender. They refused without orders from the Porte.

The English fleet will not return to the neighborhood of the Bosphorus. Russia claims that the country lying between Adrianople and Constantinople is excluded from the Treaty of Berlin, and therefore that she has the right to occupy it until the Porte has satisfied as much of the San Stefano treaty as is not affected by the Berlin treaty. The Russian Governor of Eastern Roumelia endeavored to thwart the International Commission, declaring he would continue the Russian administration. At the last moment he yielded and handed over the province to the International Commission. Servian troops protect the boundary, appointed by the European commission, against the Albanians with 10,000 troops. The Home Secretary, Mr Cross, in a speech at Southport, said England would maintain the integrity of Turkey, and compel the fulfilment of the Berlin Treaty. The critical test would be in May next, when the Russian troops should be all withdrawn from Turkish territory. In Asia Minor mixed tribunals are to be appointed, with Mahomedan police, officered by Englishmen, and an assistant English Judge in each court. A Governor and bread tax collectors are to be appointed, subject to English approval. Native armies aro forming in Bulgaria and Eastern Roumelia, under Russian officers, equipped with Russian arms, to the number of 50,000 men. The feeling in English political circles against Russian intrigues in Cabul is extremely bitter. The Porte in a circular affirms its sovereign right in Bosnia and Herzegovina, and warns Austria against the occupation of Novi Bazaar.

Prince Lobarff informs the Porte that the Russians will not quit Adrianople until after the signing of a definite treaty, and an arrangement is made concerning the Christian fugitives who are following the Eussian army. On the 14th and 19th October 14,000 Turkish prisoners were landed in the Bosphorus. Persia has a difficulty with the Porte relative to the surrender of the province of Kliorrum, for which Persia is pressing. Consul Layard supports the demand- Persia assured Layard that the rumor of a RussoPermn alliance w;iß unfounded. The British Vice-Consul at Bourgas was assaulted by Russian officers. The Russians refused investigation. Foreign financiers proposed to the Porte to reform the Turkish Customs, obtaining 40 per cent increase of revenue. Lord Salisbury, in a despatch to Consul Layard, expresses satisfaction at the reply of the Porle respecting the Asia Minor reforms. The Russian envoy to Cabul, General Stobleoff, returned to T.ishkend on the 15th September, leaving seven officers behind him. A despatch from Simla states that the British operating force for Cabul is the Peshawur column of 16,000 men and sixtysix guns; the Koruin column, 6000 men and twenty-four guns; tho Quettah column, 12,OIK) men ar d sixty guns ; and strong siege trains, ft is expected, if the English occupy South Afghanistan, that Russia will occupy the North. There is a difficulty between the Chinese and Russian Governments about Yarkand, which the Russians have occupied. A Chinese Ambassador was sent to St. Petersburg. Italy insists upon being represented, in tho Egyptian administration as well as France and England. A Protestant daily journal is to bo established in Paris. The Italian Government anticipating an internationalist movement in some frontier town, have arranged for repressive measures. Three hundred and forty Nihilists aro to be tried at. Odessa. Two companies of marines and (wo French men-of-war have been despatched to New Caledonia from Cochin China.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/GLOBE18781121.2.15

Bibliographic details

Globe, Volume XX, Issue 1487, 21 November 1878, Page 3

Word Count
957

ADDITIONAL MAIL NEWS. Globe, Volume XX, Issue 1487, 21 November 1878, Page 3

ADDITIONAL MAIL NEWS. Globe, Volume XX, Issue 1487, 21 November 1878, Page 3

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