LATEST TELEGRAMS.

Patea Mail, Volume 1, Issue 30, 24 July 1875, Page 2

LATEST TELEGRAMS.

[ PRESS AGENCY.] DUNEDIN. July 21. Walters elected Mayor by a majority of 372. Great excitement, ; ' Files per Otago show that for the Melbourne Cup, Imperial has come into the betting market -at 100 to 7 ; Echo 100 to 5. Kingsborongh is still first favourite for both the Metropolitan and the Champion race. Lurline has been backed at a shade loss odds than Kingsborongh for the Champion, aud Calumny is first favourite for the Hawksbury Handicap, In the Supreme Court, the case of Glassford v. Reid, an action to recover £I,OOO damages for polluting a stream at Manuherikia, the jury returned a verdict for plaintiff for one shilling for polluting the srream, and £SO for damages to property. HOKITIKA. July 21. At the Arahura yards beef averaged 45s to 50s. Sheep IBs to 15s. NEW PLYMOUTH. July 21. Charles Brown has been appointed Civil Commissioner in place of Parris, who retires on pension. Taupo sailed with members this morning. WELLINGTON. July 22. In the House of Representatives all correspondence relative to negotiation of the four million loan was laid upon the table. It is apparent from papers that great want of, harmony prevailed between Vogel and Crown Agents, Sergeant, Julyan, and Featherston,, ov t ihi negotiations : each party sending the Government a separate report of the whole transaction. Atkinson, in replying to Murray, said, free immigration had not been stopped, and promised printed papers on the subject shortly. Remaind r of business of little general interest. House rose at 3.35. The correspondence relating to the negotiation of the four million loan, discloses anything but an amicable fe lig as existing between Vogel and the Loan Agents, Messrs Julyan, Sergeant and Featherston. The latter gentleman stated that it would have been better to have negotiated the loan as former loans were, namely, through the Stock Exchange. Vogel, on the contrary, considered it of groat advantage to ha ve a house like . Rothschild’s interested in New Zealand. Both, however, agree that on the whole the terms were exoeodfavourably. The : London Agents objected strongly to leaving the whole amount of £3,500,000 with the Bank of New Zealand, and suggested, by way of precaution, that some portions of the money should be placed amongst the other Banks, and they recited that they had a warrant from the Government of New Zealand authorizing them to transfer a portion of the money lyinar in the Bank of New Zealand when' ver tl ey considered it proper to do so. Vbgel replied that the warrant to which they referred was only meant to give power to remove thd- money, and that he at his own instance as Colonial Treasurer arranged for the whole of the loan to be in the hands of the Bank of New Zealand, they allowing the Colony thxoequarter per cent, interest under the Bank of England rate of discount, instead of one per cent, as previously arranged; and that he would take upon himself all responsibility of instructing his coagents to act as they proposed, namely, not to remove any portion of the money. Upon receiving snch a strong expression of opinion from Vogel,, the Loan Agents took counsel’s opinion to Ascertain what legal responsibility they. would incur of allowing ; the balance to remain at Bank, even though they might be convinced of the impudence of doing so. Counsel gave -his opinion to' the eff c; that they might leave Vogel’s arrangements undisturbed' until ( receipt of further instructions from New Zealand Government on the matter. The whole correspondence is exceedingly acrimonious and very voluminous.

_ July 23. Xu (he House of Representatives, after a little formal business • if no general interest, tiie adjourned debate on address in reply was resumed by Murray, who was followed by McGillivray, Thompson, Williams, Fyke, Bunny, Reynolds, Montgomery. McGlashau, Ward, Wales, Brandon, ami Digram, who was speaking when the House rose. The chief points of the opposition members’ speeches were, that the working if our Railways was very unsatisfactory, tMknnancial position of the country dangerous, administration of Government had. inefficient, and ruinously expensive ; that no measure for abolition should be introduced by a moribund Parliament; that the whole ques ion should first be submitted to the people of the colony ; that the correspondence relating to the negotiation of the loan and conduct of Immigration, would be detrimental to the interest of the colony ; that it displayed bad feeling amongst some of the highest servants of the colony ; that much of it should not have been ever penned, and after it was, should not have been allowed to see (he light ; that some of it indicated very markedly that which appeared to be grave scandal. The substance of Reynolds remarks was, what is the use of discussing momentous questions until you have something substantial to go upon ; until yon have measures ami full details before you. The debate promises to bo keen and prolonged. Ballance, member for Rangitikei, took Ids oath and seat.