CABLEGRAMS.

Te Aroha News, Volume V, Issue 224, 15 October 1887, Page 1

CABLEGRAMS.

London, October 9. The " Economist ** states that its criticism of colonial loans has had a distinctly beneficial effect. The loans floated this year reached a total amount of ;£5,000,000 against during the year 188 G. The result of the reduction of colonial borrowing is seen in the fact that stocks have risen rapidly. Sir F. Tupper 13 endeavouring to persuade Newfoundland to federate. , ihe JSultan of Morocco has agreed to pay an indemnity of 100,000 francs to the French Government as compensation for the outrage on Commodore Smidt.

London, October 11. A large force of Spanish troops has been despatched to the Caroline Islands to quell the rebellion there. A United States Corvette has also been ordered to the scene of disturbance to protect the American Missions at the Islands. An English vessel has been seized by the Russians in the Behring Sea, This is presumably owing to the fisheries dispute, and may lead to serious complications. The Cromwell gold mine, Otago, has been sold to an English Syndicate, who will develop the mine before floating a company. H-M.S. Lizard will also join the Australian squadron.

-London", October 10. H.M. gunboat Wasp is now overdue from Singapore, and it is feared she ha^ foundered in a typhoon.

The Wasp in a 6-gun, screw, composite gunboat, 670 tons, 1,000 h.p., and was on the China Station. Her officers are:— Lieut, and commander, Bryan J, H. Adamson ; sub-lieutenants, Alex. W. Atkinson. and Hon. Win. G. D. Fortesque ; surgeon, Thomas Nunar, M.D. ; assistant paymaster in charge, Newton H. Greenwood ; engineer, Henry Attwell ; gunner, George F. Hodges. The Wasp was commissioned at Sheovness in April, 1887.