TELEGRAPHIC NEWS.

New Zealand Times, Volume XXXII, Issue 5086, 12 July 1877, Page 2

TELEGRAPHIC NEWS.

1 Auckland, Wednesday. Sir George Grey left for Wellington in the Wanaka to-day. Dr, Wallis was also a passenger. The other members leave on the 17th by the Hawea, which returns from Wellington for the purpose of taking them. The New Zealand Insurance Company’s report, presented to the meeting to-day, was adopted without discussion.

The Choral Hall was filled with a fashionable audience to-day, to witness the presentation of, the B.A. degree to Miss Kate Edgar. The Chairman of the Board of Education said it was the first degree of the kind ever gained by a lady in the British Dominions.

It was stated at the Waste Lands Board that the new Waste Lands Bill will be introduced into Parliament this session.

Auckland, Wednesday. The New Zealand Insurance Company held their half-yearly meeting this afternoon. The directors report for the half-year ending 31st June stated that during the last few mouths the company’s marine losses had been exceptionally heavy, including the Ocean Moil, the Great Queenland, the Eeairo, aud other firstclass risks. Provision had been made for these and all other ascertained losses up to the close of the half-year. The directors have been enabled to carry £30,000 to the re-insur-ance fund, which now stands at £IOO,OOO, by the enhanced value accruing after a careful re-valuation of the company’s investments. From the available balance of £19,665, the directors recommend the payment of a dividend at the rate of 15 per cent., leaving a balance of £4665 to be carried forward. The directors have ' elected Messrs. J. Logan Campbell aud Thomas Buddie to seats at the Board.'

Balclutha, Wednesday.

The formation of the Balclutha section of the Clutha railway was commenced by the sub-contractors at the several points yesterday. They are bound to finish in three months.

Timahu, Wednesday. The Municipal festivities yesterday wero a great success. After the christening of the Town Bell, the party then adjourned to the Council Chambers. Eighty were guests present, including the Hon. E. W. Stafford; Dr. Rouse, Mayor of Lyttelton ; B. Wakefield, M.H.R. Mr. Stafford’s speech was merely formal. There was a grand ball in the evening, buNEDIN, Wednesday. Mr. Hislop, Secretary to the Education Board, left for Wellington to-day. He will be absent for about three months.

The Mayor, to-day received a telegram from Mr. McLean, stating that work would be found for the unemployed on the Clutha and Clinton section.