SPECIAL TELEGRAMS.
London, August 29, afternoon. A " National Bank of New Zealand," a capital of £2,000,000, has been announced. It will absorb the Bank of Ota go. The resolution sanctioning the registration in the colonies of shares in the Union Bank has been confirmed. It was intimated that at the January meeting steps would be taken to get it rescinded. | Proceedings have been instituted against the British and Australian Telegraph Company for failing to file the list of the shareholders according to the Act. The injury to the submarine cable afc the Australian end is attributed to abrasion by coral formation. The repairing steamer lost her grappling gear, and had to return to Java for coals and materials. The agitation against the high price of meat is spreading. The demand for Australian preserved meat increases daily. Tichborne demonstrations continue. Disquietude has been created in monetary circles by the failure of Messrs Gledstones and Co. for a million and a half, but the uneasiness is subsiding. The money market is ia a healthy condition, and the position of the Banliof England | is strong.
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Southland Times, Issue 1643, 4 October 1872, Page 3
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182SPECIAL TELEGRAMS. Southland Times, Issue 1643, 4 October 1872, Page 3
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