LATEST BRITISH AND FOREIGN INTELLIGENCE.

Kumara Times, Issue 2751, 16 July 1885, Page 2

LATEST BRITISH AND FOREIGN INTELLIGENCE.

[REUTER’S TELEGRAMS.] By Electric Telegraph—Copyright. TENDERS FOR NAPIER HARBOUR BOARD LOAN. WITHDRAWAL OP THE PACIFIC MAIL SERVICE. LOYD-LINDSAY TO THE PEERAGE. SUSPENSION OP MUNSTER (SOUTH IRELAND) BANK (LIMITED). (Received July 15, 2.30 p.m.) London, July 13. Tenders for the loan of £300,000, at 5 per cent, for the Napier Harbour Board, the minimum for which had been fixed at par, were opened to-day, when the total amount of the tenders was found to be £1,300,000. Tenders at £lO4 Is 3d will receive 40 per cent, of their application; above that, in full. (Received July 16, 1.10 a.m.) July 15. It is currently stated that the Pacific Mail Company’s service between Sydney, Auckland and San Francisco will be withdrawn in November next, when the present agreement expires, the reason being that the Colonies of New South Wales and New Zealand are unwilling to contribute the subsidy. It is announced that Colonel Sir R. J. Loyd-Liudsay, Y.C., M.P. for Berkshire, has been elevated to the Peerage. The Munster Bank, Limited, which has branches in the principal towns in South Ireland, has suspended payment. San Francisco, July 14. The Pacific Mail Company’s steamship Australia, from Auckland, 23rd June, arrived hereon the 12th inst.

[SPECIAL TO MELBOURNE AGE.] London, July 2. An assurance has been received from Russia that her intentions are pacific, notwithstanding that she has sent reinforcements to the Afghan frontier. July 3. A Royal Commission is to be appointed to inquire into the causes of the depressed state of trade in the United Kingdom. July 5. The appeal case in the Privy Council, Cotton v. the United Insurance Company, has been decided. The Adelaide •full Court held that the Company were liable for the amount of insurance against risk contracted by Cotton, as their agent, on part of the cargo of the Duke of Sutherland, a, vessel lost on the voyage from New Zealand to England. The Privy Council find in Cotton’s favour.

[special to press association.] London, July 13. The Russians have flogged a clerk in the employ of the British Consul at Kesb, a town thirty miles south of Samarcand. The cause of the outrage was the refusal of the clerk to divulge information regarding the English Afghan frontier agents. Fifteen thousand men armed with breechloaders will garrison Herat, and a large number of heavy guns are being sent there for the fortification of the town, July 14. Tenders for the Napier Harbour Board 5 per cent, loan of £300,000, with a minimum fixed at par, were opened to-day. The inquired amount was subscribed four-fold. Tenders at £lO4 Is 6d will receive 30 per cent. The Government intend to erect the Gordon monument in Trafalgar Square. Lord Mayor Fowler has been created a baronet. Lord Wolseley, on his return herefrom the Soudan, met with a moat enthusiastic reception. The Times in au article on the pro-

posed New South Wales loan, considers it unwise to borrow at present, but is of opinion that the attempt made at bullying by financiers should be resisted. The leading dealers in stock denounce the protest made by the brokers. The annual cricket match, Eton v. Harrow, was won by the latter by three wickets, after an exciting contest.