LATEST TELEGRAPHIC

Wairarapa Daily Times, Volume 2, Issue 414, 15 March 1880, Page 2

LATEST TELEGRAPHIC

[from our own correspondent!

WELLINGTON.

Saturday,

The Waitaki crossed the bar about 9 a, m, this morning, and should arrive in Wellington some time during to-morrow night. It is stated that considerable retrenchment is to be made in the working of the Queen's Wharf, in salaries and reducing employees, All the property belonging to the Wellington Tramway Company is to be offered for sale by auction oh Wednesday week, It is understood that Messrs Robertson & Co. have been advised that their claims against the Government for nonacceptance of their tender for steam cranes, which was the lowest, is so good as to justify their seeking compensation for loss of contract.

Young Scott is still continuing his attempt to walk 112 miles in 24 hours, and at 2 p.m. to-day had finished 74 miles. LONDON. ■ March 11, •Gladstone delivered an address to-day in which he followed closely upon the lines of Lord Hartington's manifesto on the Liberal policy, He condemned in strong terms the foreign policy of Beaconsfield. In the House of Commons to-day the Chancellor of the : Excliequer,delivered his Budget speech. In : the course; of the same he showed that the revenue for pas financial year - amounted to £80,860,000, and the expenditure to £84,216,000. He estimated . the . revenue.' for the ensuing financial year , at £81,560,000' and the expenditure at £81*485,000/ To meet past deficiency, £6,000,000 in

Exchequer':Bills .will: be converted \nto terminable annuities. . .There will bo no increase of taxation.' At the: wool sales, to day 9,200 bales were offered, making a .total of 181,300 bales catalogued since opening. The tone of the auction continues firm. The ayerage advance prices over last series are now 12^.per cent,. , SAN FRANCISCO. March 10. \ Kearney, the labor agitator, has been arrested, on a charge of using seditious language. He has since been liberated' on bail.