TELEGRAPHIC.

Wairarapa Daily Times, Volume VII, Issue 1881, 6 January 1885, Page 2

TELEGRAPHIC.

[United Press Association.]

.. .Auckland, January 5. The New Zoaland Herald has received from Sir Julius Vogel, at Waiwora," the. iollowing.oxplanation as to why a change has"been made lift the "arrangements for the leatr; —''There-is- no truth allegation that b million and a half is'not floated now because of any doubt of the market or any -objection"■ about-the- sinking fund, or-anything directly. Or remotely' related thereto,. The- sole cause of delaying the million and a half loan-is because of the Bank of England consider,ing that, the pledges previously' given prevent the of-any loan-but the three-million loan until after the expiration .of.the financial yeap at tlie end pf March next,"'The million and a half wjij be floated later in the year, and the. million will be floated at once. .It is of course true that the market is not very favourable gust now to new loans. Tho rate of 'discount is high,"

■"'j ■ Wellington, Tuesday." At the Supreme Court a Maori, for burglary at the Brunner Coal Company's .office was sentenced to 'five years. JMcKeirna, for false pretences, at Master-'ton,-was.acqaitted. ' \ ' ■ The Jf.Z, Shipping Company .have agreed to the demands of the lumpers, so , far as working their Bteamer Tongariro is concerned, but the company is not compromised to any arrangement after that wort is completed. The Tongariro therefore will discharge and coal here. Other still hold out.