LATE CABLE NEWS.

South Canterbury Times, Issue 2878, 15 June 1882, Page 2

LATE CABLE NEWS.

[By Telbgeaph.j (Her s.s, Wakatipu at Wellington.) [Special to the Sydney “ Hguald.”] London, June 2. It is proposed to convert the debentures of the New South Wales loan into inscribed stock. The French Chamber of Deputies passed a vote of confidence in M. De Freycinet, in regard to ' the action adopted by the French Cabinet in proposing that a diplomatic conferonpe bo hold at Stamboul with a view to the peaceful solution of the Egyptian

difficulty. In the course of a speech in, the Chamber on the Egyptian question M. Gambetta . ridiculed the proposed diplomatic conference at Stamboul. \ , June 4. J The actual number on strike at Pittsburg is 60,000. ■ Garibaldi died of bronchitis. Arabi Bey has given guarantees for maintenance of order, pending the determination of the, diplomatic conference. The . Sultan has reassured the Khedive ofhis friendly intentions in the present crisis. The object of the proposed conference is to compel the Porte to accede to European control over Egyptian finances. The Sultan has accordingly sent commissioners to Cairo to induce Arabi Bey to withdraw, in order that the conference may be rendered superfluous. If the Porte declines to acquiesce in European control, England and France, or England and Italy, will act under the control as mandatory. The conference will be abandoned if if the commissioners despatched by the Porto succeed in arranging a peaceful and , satisfactory solution of the difficulty, June 5. In the gun; explosion on board the ship Swiftsure, at Madeira, one seaman was killed and - several others injured more or less seriously. Speaking on Egyptian Affairs on Juno 1, Earl Granville stated in the House of Lords that England gladly assented to a conference of the Powers .proposed by France, and said that Government considered the ironclads despatched to Alexandria were adequate for protecting the European population, and the safety of tlie Suez Canal was.'provided for. England was pledged to uphold Prince Tewfik, and had requested the Sultan to summon Arabi Bey to Stamboul. Government was not aware that the Sultan was intriguing, as was alleged. The Marquis of Salisbury expresed his •conviction that the measures of the Government, in view of the present crisis, were totally inadequate.