REUTER'S TELEGRAMS.

Kumara Times, Issue 890, 7 August 1879, Page 2

REUTER'S TELEGRAMS.

[NEW ZEALAND I'll ESS ASSOCIATION.] LATEST AUSTRALIAN NEWS. Adelaide, August G. The Treasurer introduced the Financial Statement. The revenue for the last financial year amounted to £1,661,000 ; expenditure, £1,854,000. The chief deficiency was in Customs revenue for the current year, which was estimated at .£1,855,000 ; expenditure, £2,000,000. The estimated deficit is £254,000, exclusive of the supplementary estimates, which is proposed to be covered by new income taxes. Melbourne, August 6. The budget discussion continues. A. statement in the Age newspaper this morning denies Sir John O'Shaunassy's intention to move a want of confidence. ♦- LATEST EUROPEAN NEWS. [special to the cloue.] London, July 31. In consequence of the alteration of the political situation, caused by the death of the Prince Imperial, the Count de Chainbord has issued a manifesto. London, August 1. The South Australian 4 per crnt. Loan, 1894 to 1960, is quoted at 97£. The corn market is firm. Home deliveries are small, but foreign arrivals are abundant. Tallow is firm, with advancing rates. August 2. The Cary court-martial has been declared illegal, and the decision quashed. August 3. Lord Chelmsford lias resigned. LATEST TELEGRAMS. ._ $, [sf-JiCIAL TO K.UMAIU TIKES.I WELLINGTON, August 7. i it. is anrrnr.reu ..,ti all .sides that the i iii'vv l'arii.-iuient will request a dissniu- : r-i'iii as 8'»on as the representation and ■ electoral measures have been dealt wioii. i. [press agency.] i Wellington, August 6. j It is understood that the programme

of Ministers is to deliver the Financial Statement on Thursday and the Public Works Statement on Friday. The House will probably sit that night till the business is completed, and the formal dissolution take place on the Monday following. [NEW ZEALAND PRESS ASSOCIATION.] Wellington, August 5. It is stated in the Post that the Agent-General, Sir Julius Vogel, in a letter to a gentleman in this city, which arrived by last mail, strongly urges the advisibility of going in for a ten million loan instead of any smaller sum, on the theory that the present time is the most favorable which has occurred, or is likely to occur for some to float a loan for public works, there being so large an amount of capital lying idle for lak of eligible investments. According to the printed Parliamentary paper, the general balance-sheet and summary of transactions of the Public Account, for the financial year euding 30th June, is as follows :—The Bank- of New Zealand in the Colony had a debit against the Government of £781,641, partly coveted by a credit balance of £683,242. The bank's transactions in New Zealand during the year were—Dr—£4,2oß,Bßo ; 0r—£4,901,895. The debit balance being thus reduced to £96,626, which was more than counter-balanced bv a London credit of £102,323.. The summary of net balance is as follows: Dr—Public Accounts and bills receivable, £311,134; advance accounts, £43,157; total, £744,292. Cr—Consolidiated Fund, £236,942 ; Public Works Fund, £506,205 ; Suspense Account, £1143; total, £744,292. Two distinct shocks of earthquake were felt in the city at 7.50 a.m. to-day. They were poceeded by an unusually loud and prolonged subterranean, rumbling. Chrlstchurch, August 4. A large blast was fired to day in connection with the harbor works at Lyttelton. The tunnel was 60ft long, and charged#vith a ton and a-half of powder It was very Bucceessful, it being estimated that over 14,000 tons of stone were dissolved. In eonsoquence of the state df the money market; suburban property is practically unavailable. Blenheim, August 5 ; A criminal action for libel is to be brought by Earll against Docherty at the next sitting of the Supreme Court, A slight shock of earthquake was felt this morning. Auckland, Awgrist 5. Bruce Bros., proprietors of the Balmain claim, T'hames, have succeeded in dredging out about 601 h of choice specimens, which promise an average of an ounce to the pound. FIJI NEWS. Auckland, August 5. By the arrival of the Energy from Levuka papers to the 16fch have been received. The recent disturbance at Matewa Bay amongst natives arose through the chief of one town directing his followers to plant taro on laud belonging to another town party, who felt themselves aggrieved, and proceeded to pull up the taro planted, and while doing so were attacked by their opponents. A. sort of free fight ensued, and one mau was killed by two blows from a club, and another seriously injured. The chiefs of the towns were more to blame than their follower.-*, who only obeyed ■ orders. All parties concerned have been taken into custodv.