Thursday.

Kaikoura Star, Volume XIV, Issue 737, 11 May 1894, Page 5

Thursday.

LONDON, May 8

Times congratulates tho Australian Colonies on their endeavours in the direction of settling people upon the land.

As a testimony of success, at Onslow Produce Marking Commission, it was mentioned that Cape Govt were willing to mark fruit prior to export. In election for South Hackney seat, Moulton (Liberal) was returned by majority of 192. Parnellites declare intention of voting against increase of beer and spirit, duties. Division, which takes place on Thursday, expected to be very close.

Reported another insurrection has broken out Buenos Ayres. In House of Peers, Lord Hood, speaking of Navy proposals, declared Navy required 91,000 men to bring it up to appreciably increased strength, but that of this ouly 56,000 men would be available.

Lord Spencer assured Hood that Ministry had every confidence in the success of their efforts for increase of strength of Navy. With this assurance the subject was dropped. Justice Williams, in his pronouncement upon the N. Z. L. and M. case, Stated reports issued prior to 1890 were calculated to mislead shareholders, although Directors were aware the position of the Company was unsound. If they adequately provided for all

losses the reserve would have been exhausted. Balance sheet was manipulated to avoid criticism. Large commission was also paid to Schroder. His honor contrasted Larkworty’s frankness with attitude of Paul while in witness bdx, and commented on the action of Mundella in selling shares he held in the Company, although retaining other instruments.

Papers demand Mundella should resign his post in the Ministry after remarks of Justice Williams.

Judge again invited counsel of Loan and Mercantile Directors to address Court and supply additional evidence. They are considering whether they will take offer.

WASHINGTON, May 8 American Standard Oil Co. and Russian Trust have combined to corner supply of petroleum all over the world.

Hundreds of amendments to tariff proposals framed in direction of increasing duties throughout. Though at higher figure, they will still be lower than McKinley rates, substituting specific for ad valorem duty and retaining wool on free list.