London.

Manawatu Herald, 31 October 1893, Page 2

London.

There is a hope that the reconstruction of the New Zealand Loan and Mercantile Agency Company will soon be accomplished. The only difficulty now in the way is between Baron Schroeder and certain institutions in regard to advancing money upon the securities which it is desired to release under the scheme. The Bishop of Manchester urges that the colliery-owners, and miners should come to some compromise, as the strike is imperilling the industrial supremacy of England. The prospects of a conference between the colliery-owners and men to arrange the terms of settle ittehb are^improving. Abraham Steer, contractor, Victoria street, S.W., has failed. His liabilities are stated at £274,000, and his assets are estimated to produce £19,000. Reports are current that Dr Nanse"n's expedition has been lost in the Kara Sea, where his ship, the Fram, was seen labouring heavily. It is reported that Scott, the supposed engineer, and the missing witness in the Ardlamont murder case, has been discovered, and that he has keen identified as a London bookmaker. The reconstruction scheme of the New Zealand Loan and Mercantile Agency Company is complete, but the publication of the details is temporarily delayed, pending the assent being obtained of certain colonial banking institutions, with whom negotiations are in progress for the release of the securities held by them.