TELEGRAPHIC NEWS.

New Zealand Times, Volume XXXII, Issue 5092, 19 July 1877, Page 2

TELEGRAPHIC NEWS.

(PER PRESS AGENCY.) Auckland, Wednesday. Barnett and Levy, proprietors of the Theatre Royal, have called a meeting of their creditors. Liabilities, £20,811 ; assets, £23,583. The Theatre block is credited at £12,500 (cost £14,000). The banks are credited with precipitating the commercial crisis. Barnett and Levy’s meeting of creditors resolved that the estate should be assigned to Messrs. Lamb, Brown, and Tenks, as trustees, bankrupts being allowed their furniture and dwelling-houses. The Loan and Mercantile Company held their annual meeting to-day, and confirmed the annual meeting held in London on the 2nd February. Dr. Campbell, chairman, congratulated the shareholders on the prosperity of the institution. G. B. Owen and Dr. Campbell, were re-elected directors ; and Mr. William Innes Taylor was elected colonial auditor. The City Council has agreed to reduce the water-supply tariff. They propose to consolidate the city loans by getting an Act passed for the final Municipal loan of £300,000, including £155,000 already raised ; but enabling no further loans to be raised except those already authorised, which are altogether £40,000. The loan is to be for fifty years, and interest not to exceed 6 per cent. Moanatairis have dropped to £6 2s. fid. today. Kelson, Wednesday. Recently, in the Resident Magistrate’s Court, Isaac Harvey, William Harvey, and Charles King Turner, settlers in the suburbs north, were committed for trial for perjury in a trespassing case in which they were defendants. After two trial days in the District Court Isaac was last night found guilty. Sentence was deferred. The others will be tried separately. New Plymouth, Wednesday. Information was received yesterday that on Monday afternoon some men belonging to Sheet’s survey party, going down the Mangaere river, Patea District, in a canoe were upset, and a man named David King was drowned. There is a difficulty about holding an inquest on the body, the place where it lies being through a dense bush, and it is impossible to bring it to the nearest house, which is twenty miles distant, and twelve men could not be collected together there. Dunedin, Wednesday.

Captain McClatchie, who has returned from the Bluff, states that when the Gazelle left on the expedition to obtain the gold from the wreck of the General Grant, she had three experienced divers with complete apparatus ; also, that the latest news from the scene of the wreck was that the outline of the latter was clearly seen in the water at no great depth. In regard to the petition of settlers in the Teviot district to have more land opened there, the Waste Lands Board has decided, — “That in view of legislation regarding the land laws of Otago probably taking place during the approaching session of Parliament, the Board is of opinion, from evidence before it, that it would not be advisable to comply with the prayer of the petitioners.” The Colonial Bank of New Zealand announce a dividend for last half year ef 6 per cent, per annum, and to add £2OOO to reserve fund, thus making it £12,000, and to carry forward £2038 to next half year. ' Invercargill, Wednesday. A fire at Waikava last night destroyed Tapper’s Hotel. The inmates had a narrow escape. Mr. Tapper was insured for £350, and the owner of the property also for £250.