INTERCOLONIAL NEWS.

Southland Times, Issue 1295, 19 August 1870, Page 2

INTERCOLONIAL NEWS.

Melbotjene. .'. The new Governor of New Caledoniai and family, arrived per Avoca. ; The "Bank of Victoria has declared ; a dividend of 10 per cent. The National Insurance Co., Australian Insurance Co., and Commercial Bank, have held meetings, but no dividend was declared. The National Co.'s losses are trifling, the Australian Co.'s heavy, but a motion to wind up the latter was negatived by a small majority. The Commercial Bank's losses are £60,000. Shares of £600 paid up," are selling for only £3 13s. The shareholders, however, are hopeful since the new manager was appointed. Frederick Cope, Clerk of Petty Sessions at Heathcote, and brother to Judge ; .Cope, has been xemanded on a charge of embezzling Government money. Nothing serious is expected. A similar suspension has happened at Sydney to Moriarty, •TJnder Secretary of Lands, but no defalcation has been discovered, . only irregularity ; and it is expected r that Moriiarty. will be reinstated. : ■•'' J.. | A managing clerk- of a large mercantile [house has eloped with"a' young woman. His accounts, however, proived correbt. He has left a wife and child. Steps are being taken for forming a new colony in the. Fijis on the Island of Variua Levu. It is intended to call the townChilders, and the colony "Wilberforce. -The AlhambTa will sail for Fiji full of passengers. The Fiji trade generally ifi incrsfeing, both : here' and in Sydney, where six vessels have been laid on. The Australian Diamond Mining Company has collapsed, after losing £31,000. Vair was to be executed on the 15th. Patrick Smith, the Hotham murderer, was executed on the 4th inst. The Land Mortgage Bank has declared a dividend of 10 per cent., and the Hobson's Bay Bailway one of 7 percent. 1 Over five hundred" Victorian exhibits go to tbe Sydney Exhibition. ; The official report on the Malmesbury Reservoir ha 3 not yet been received. It is expected that it will take £30,000 to put the reservoir in proper repairs, r Sir James Palmer has retired from political life. V ', ! -.\ ■: '-'.'■ '■''.'- ■■■■'■ -iv- : News from, Zanzibar via , the Cape of Good Hope leads to the belief that Dr. Livingstone is still alive. The breadstuff's market has been firm ; flour reached from £12 10s to £13, and wheat 5s 7d. Feeding grains remain quiet. Fat cattle sold during • the week realised from £12 to £13. Adelaide. Parliament have resolved to petition the Queen to remove restrictions upon free intercolonial exchange. The conductors are pushing on the ojverland telegraph to Port Darwin. i The Omeo will be likely to take thither any cabin passengers. Hobabt Towsf. ■ The Tasmanian Government have made arrangements with Captain Dudley Coote on behalf of an English Company, for constructing the main line of railway for £650,000, the Government guaranteeing interest at 5 per cent.