TELEGRAPHIC DESPATCHES.

Southland Times, Issue 734, 9 October 1867, Page 2

TELEGRAPHIC DESPATCHES.

DUNEDIN. V 7th October. Electoral, Stamp, and Treasury depart*, intents passed. Legislative Council haye made important alteration in Public Debta Bill. Denies liability of the Colony for Provincial loans, and altered the bill accordingly, by majority of eight to six, Conference demanded. Major Richardson declared if resolusion is insisted upon it will upset the whole financial policy of the Government. Matters look serious if an arrangement is not come to at conference. Oct. s.— Couference held — no agreement. Managers for House of Representatives were Eitzherbert, Yogel, Moorehouse. On the part of Council — Johnston, Menzies, and Man tell. Question to be considered in both Houses to-day. Crisis serious — neither party appears willing to give way. Three courses action rumored — viz., Government resign, or ask for dissolution and appeal to the country ; or House to be prorogued, at once, and commence a new session in a week's time, a call of the House being made. Latter course most likely. • Considerable excitement here. The estimates are all passed. New Zealand Company's schooner Manakau, with coal from Newcastle, has been wrecked at Manawatu. The mate and a boy were drowned. The ship and cargo were insured. - 5.5 p.m. In the Legislative Council, Richardson moved the consideration of the report of the conference. Menzies' amendment, the adoption of the report carried. Long discussion took place on the course to be pursued. The proposal to appoint three other managers rejected. Eventually proposal narrowed to consideration, if further conference is desirable which House ought to seek it, whereupon Richardson moved for a committee to search for a precedent, to consist of Richmond, Domett, and the mover. Domett objected to, and Acland substituted. , Sunday. — The following is a short sketch of circumstances leading to the present complication. Select Committee Consolidation Loans Bill was referred, brought up two bills entirely different nature from the original bill. On the second reading, Featherstone strongly objected proposal to accept liability for Provincial Loans, and argued that the colony should buy. up the loans, the measure would then stand in position leaving outstanding Provincial loans uncovered by security. / Public Revenue Bill makes convertible bonds first charge on Provincial Revenues. The Bill passed the lower House by 37 to 12, to the utter surprise of every one. Upper House by 8 to 6, and introduced amendments having the effect just described, viz., putting bondholders at the mercy of terms fixed by Government on . pain seeing themselves deprived of security. Menzies led the opposition. The House indignantly resented the amendment. A conference met. Each House adhered to determination. Government moved adjournment on Tuesday and have sent for Harris, Strode, and other members. Upper House on Saturday showed signs of giving way. Expected on Monday, before other members arrive, will concede point altogether. The business of session will then' be ended on Tuesday and Assembly prorogued on "Wednesday. Dunedin, Monday. — Tararua detained for Strode and Harris, who left yester--day. "Wellington, Monday, 5 p.m. Nothing relating to the dead-lock took place in the Council to-day. The matter stands in abeyance until the arrival of the members of Council telegraphed for by the Government. On their arrival a • conference, with fresh managers, will probably end the. difficulty". The prorbgatfon is spoken of as likely to take place on Wednesday. The committee appointed to find precedent have reported that the next step ought to be taken by the House of Representatives. The "Auckland Herald" of Ist inst. says j__«« One hundred and fifty-seven ounces of gold were sent up on Sunday i

by the steamer Midge, obtained from Parry's claim, Kuranui reef. Something like five hundred ounces have been obtained from Tookey's claim. Tookey's reef will evidently set at rest any doubts na to the paying nature of the Thames Goldfield." A v Nelson Examiner Extra," of sth inst. says *. — Very rich ground struck in gully, Collingwood. Another eight ounce nugget found at Rocky River by Berry and Lennie. — divided seventy-two ounces the other day. Panama boat left Sydney Ist inst.