LATE CABLE NEWS.

Globe, Volume XXIV, Issue 2552, 13 June 1882, Page 3

LATE CABLE NEWS.

[By Telbgbaph.J

[Per s.s. Wakatipu, at Wellington.]

["Hbbald" Specials.]

LONDON, June 2

It is proposed to convert the debentures of the New South Wales loan, into inscribed stook.

The Frenoh Chamber of Deputies passed a vote of confidence in M. Da Freyciret, in regard to the action adopted by the Frenoh Cabinet in proposing that a diplomatic conference be held at Stamboul with a view to the peacoful solution of the Egyptian diffi culty. In the coarse of a speech in the Chamber on the Egyptian question M. Gambetta ridiouled the proposed diplomatic conference at Stamboul. June 4, Garibaldi died of bronohitis. His death caused profound Bensation throughout Italy, business being entirely suspended, and everywhere signs of national mourning. The actual numbers on strike at Pittsburg is 60,0C0. It is likely largely to affect trade. The refrigerating apparatus of tho Potosi has collapsed, and the vessel has landed consignments of fresh stores at Plymouth. Arabi Bey has given guarantees for the maintenance of order ponding the determination of the diplomatic conferenoe. The Sultan has reassured the Khedive of his friendly intentions in the present crisis. The object of the proposed conference iB to compel tho Porte to accede European control over Egyptian finances. The Sultan has accordingly sent commissioners to Cairo to induce Arabi Bey to withdraw, in order that the conference may be rendered superfluous. If tho Porte declines to acquiesce in European control, England and France, "or England and Italy, will aot under the control as mandatory. The conference will be abandoned if the commissioners despatched by the Porte succeed in arranging a peaceful and satisfactory solution of the difficulty. Jnne 5. In the gun explosion on board the ship Swiftsure at Madeira one seaman was killed, and several ■ others injured more or less seriously. Speaking on Egyptian affairs on June Ist, Earl Granville stated in the House of Lords that England gladly assented to a conference of the Powers proposed by France, and said the Government considered the ironclads despatched to Alexandria was adequate for protecting the European population, and the safety of the Suez Canal was provided for. England was pledged to uphold Frinoe Tewfik, and had requested the Sultan to summon Arabi Bey to Stamboul. Govern ment was not aware that the Sultan was intriguing, as was alleged. The Marquis of Salisbury expressed his conviction that the measures of the Government, in view of the present crisis, were totally inadequate.