CABLEGRAMS.

Manawatu Herald, Volume I, Issue 24, 24 January 1879, Page 2

CABLEGRAMS.

* • | (ttEUTEIt's SPECIAL TO PRESS AGHSXOy..] | Ljnjdot, January 17. i I Sir It. Hides- B.»aah udi'J.wa I a despatch to t!i3 Gjvoi laor31 aor3 of the i Ausfcralim Colonies, usatiu-jf that the Treasury will consent to c mtinue the j ! prasenfc postai uvrangoments till l*Voruary, 1880. Then thoy mit 3- rjyise the rates It is proposed to retain fourpeuce per letter. The Colonies must not expect the Imperial Government to contribute toward competing line 3 when it has no control over the management. The Colonies aro re* quested to authorisa the AgentsGeneral to discuss the Treasury pro* posal and conclude arrangements during the year. Money is in large supply for commercial requirements. The discount rates are small ; in ihe open market considerably below the Bank minimum The Bank reserve is in a satisfactory position-elevfn and a half millions. Stock market firm. Consols, 96. Australian securities are resuming the usual activity. 18 th January. The partial run on the London and County Bank on Friday was quite causeless. Tho directors announce a dividend of 9 per cent, for the halfyear. Winding-up order 3 have been granted against tho Blacknavon Iron Company and Booker & C ) , Glamorgan, iron-masters. The liabilities • are heavy. The latter firm is indebts ed to the West of England Bank, £600.000. Wool— 4ooo bales have been sold privitely; the Liverpool auctions wero neglected. Depression in the wheat trade still continues. There have been large arrivals from California. Adelaide wheat, 48s to 49 ; New Zealand, 455. 20th January. Advices from the Capa state that the Zulu king, Cetowayo, ha? assented to some of the demands made by tho British Government, . but asked for time to consider others. The Governor positively refuses to accede to the request, and is massing troops on the frontier. Melbourne, 20th, Tho Roy. A. R. Fiichett, late Wesleyan minister, of New Zealand, was ordained ye3ierday at St. Andrew's churc'j, Brighton, by the Bishop of Melbourne. The Victorian Government will shortly prepare a'programme for next session. A meoiorial from the unemployed to tho Governor is ia course of preparation, representing the existence of severe distress, and praying the Government to take steps to ameliorate the same. The discovery of a new rich, quartz reefing district in Gippsland is reported. 21st January. The Canterbury team return to New Zealand to-day, after being feted by thi* Melbourne and East Melbjurne Clubs. Sydney, 20fch Jannary. Norfolk Island has been visited by a tremendous hurricane. Seriou3 damage has been done to the plantations. The hurricane is expected to roach Samoa. Several destructive fires have oc-i curred in Melbourne and this colony, involving serious loss. Three children have b9eu burned to death at Coliingwood.