LATEST TELEGRAMS.
[NEW ZEALAND PRESS ASSOCIATION.]
Njslsom-, March 17. ' ■'.Mr Sonll's sucond match at 300, 400, and 500 yards with the same sights as tho first ma! ch:— Douglass, Otago, 97 ; Auckland, 96 ; J. Buchanan, Otago, 95. The presentation of prizes by Lieut. - Colonel Richmond, 0.8., and Mrs A. Richmond, took place on Saturday in the Botanical Gardens. M;ij'ir Gordon returned thanks for the volunteers, referred to the hospitality shown by Nelson. Captain Wales cdled for three cheers for the Nelson people, three for Colonel Richmond, three for Mrs Rchmond and the ladies of N.<jl3on. and three, for Maj >r Gordon's most s tisfactory arrangements f.»r the firing. The meeting was highly successful. There was a lar^e attendance, and fine weather. Auckland, March' 17Heavy rain is likely to continue and interfere with the demonstration at the departure of the Governor, 10-morrow. Tho Cross and Herald publish the details of the proposed electric telegraph cables to New Zealand. The proposals are to construct a cable from Australia to New Zealand, and also a- cable from Normantown to Singapore, the three Colonies to guarantee. 5 per cent, upon a million of capital, ■ equal to 3. per cent, upon what the cables will actually cost. If the scheme 13 ratified by Parliament, New Zealand will pay L 16,700 per annum, bnt the receipts from the line working will almost equal that amount. The .guarantee h for thirty-three years. A twenty word message from New Zealand not to exceed 15s, extra words 9d each. Twenty,worda from Normantown to Singapore not to exceed 403 for the first two years, afterwards 353, extra words 2s each. The two cables are to be constructed simultaneously. Four weeks yearly are allowed for repairs, and L 12,000 allowed to cover aU expenses par annum; All receipts above that to go to tha reduction of 4he guarantee. Wellington", March 17. A meeting of shareholders of the proposed Coal Company was held to-day. A draft prospectus was approved of, and Provisional Directors were instructed to register the company as soon as 1500 shares were formally applied for. Upwards of 1600 have been informally promised. A letter from the proposed Greymouth shareholders was read, but, it was resolved that their demands could not be acceded to. The company propose to conline their, operations to carrying coal, not mining for it.
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Bibliographic details
Grey River Argus, Volume XII, Issue 1444, 18 March 1873, Page 2
Word Count
388LATEST TELEGRAMS. Grey River Argus, Volume XII, Issue 1444, 18 March 1873, Page 2
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