DISASTROUS FLOODS.

Temuka Leader, Issue 2222, 2 July 1891, Page 1

DISASTROUS FLOODS.

Sydney, June 29. The town of "Wagga is in a bad : state in consequence of heavy rains.. The town was being gradually flooded; and the gasworks are already sub-! merged. One man had been drowned; and boats were badly wanted, The township of East Queanbeyan is inundated to the depth of six feet, and Terrana three feet, Stock and pro- ; duce were being swept down the Murrumbidgee, which is within two feet if the memorable flood of 1852, when the old township of Gundagai was washed away and 81 of the the inhabitants drowned. Goodin and Worland are the names of the two men drowned at Gundagai. A relief party went out to rescue the men, who were perched in trees, and took off four of them. On a return journey the boat j capsized and the men clung to snags for nearly seven hours. Out of a crowd of forty people who had collected on dry ground only one, named True, volunteered to endeavour to ] rescue the unfortunate men. He started in a boat by himself, and after ( two attempts he succeeded in rescuing all except Worland and Goodin. Great floods are coming down in Gippsland. Snowy Valley is completely under water, and relief parties are out. A boat vised by one of them capsized and two men are missing. Many farmers are almost ruined. June 30. The settlers along the banks of the river have lost much valuable stock by the floods. In the lowest part of Wagga "Wagga the water is up to the ceiling and tops of the verandahs of

jnany of the residences. Business in the town is completely paralysed. One pastoralist has lost four thousand sheep. The water at Gundagai is Subsiding. I THE NEW SOUTH WALES J ELECTIONS. i .Sydney, June 30. ! Mr Dibbs was elected for Murrumyesterday. He was third on the list. i The following is the state of the parties at present:—

Ministerialists ... ... ...• 48 Oppositionists,*;..... . ~...,., ... 44 Labor Candidates ... ... 36 Independent ... ... ... 5 ■Freetraders ... ... ... 63 Protectionists ... ... ... 67 Doubtful ... 3

There are only eight members now to be returned, and these are likely to swell the ranks of the Protection (party. Mr O'Connor, the PostmasterGeneral, has been defeated again at Monaro.

THE NATIONAL BANK OF NEW ZEALAND.

London June 30.

The proceedings at, the meeting of shareholders of the National Bank of Naw Zealand to-day were of an animated character. The chairman, i acting on the suggestion of some of the (large shareholders, recommended that a strong committee should be appointed to investigate the position of ! the bank. This suggestion was adopted by the meeting, together with all the.board’s proposals as to writing off capital, calling up 30s per share, and passing a dividend. In his speech the chairman admitted that errors of judgment had been made in the business and he attributed the losses to depression, bad harvests, and labor troubles. The bank was not in immediate want of money, but it was necessary to provide for debts which were clearly bad. The amount of these had not been fully ascertained. He said that the suggestion that the bank should amalgamate with the Bank of New Zealand was impracticable, and suspension altogether of future dividends was regarded as unwise. The call would be payable in instalments.