CABLE NEWS.

Wairarapa Daily Times, Volume XV, Issue 4470, 14 July 1893, Page 3

CABLE NEWS.

British and Foreign,

London, 12 July,

Owing to tho recent failures, tbo Assets Company cabled to the colony on 6th May to postpono tho October issue, although it was fully underwritten. preferred by Mr Fulto n,| of Mpr, Against Mr, James Alexander, for alleged misappropriation of 62 bales wool, has been dismissed, the Court holding that there bad been no violation of good faith,

Sir John Lubbock moved that only' 40 Irish members should be retained at Westminster, in consonanco with the Imperial outlay. The Premier urged that it would be absurd to set up an Imperial standard for peoplo on tho verge of starvation, and the amendment was withdrawn, The directors of tho Loan and Mercantile Agency Company are discussing the advisability of making a call of £8 per share, and asking the bondholder to renew. The company owes the Bank of New Zealand under £250,000, for which tho Bank holds easily realisable cburflCtoreqoaVwfsooooo, The Wow Zealand Loan and Mercantilo Agency Company's shares have fallen £3los, and the debentures are quoted at 80 to 85. No scheme of reconstruction is yet arrangod, but the directors of the Loan and Mercantile Agency Company are sanguine that they will get through tho task quickly. Tho debenture-holders in the New Zealand Loan and Mercantile Agency Company are applying to the Court to protect the assets, and ask that tho debentures, amounting to £1,800,000, should bo the first charge on tho assets, including £550,000 financed by IfPKJifSchroder. The Times states that the failure of tho Loan and Mercantile Agoncy Company has produced but little effect on the wealthy shareholders, who are not likely to allow a collapse. Bi Johns, July 12.

Tho French Admiral has taken because the Newfoundland Government insists on French fishermen paying duty on goods landed on the Treaty shore. Tho Admiral refused the hospitality extended to him by the Governor. Buda Pebtu, July 12, Cholera is spreading in Hungary, Alexandria, July 12. Forty deaths from cholera have been recorded here, Sydney, July 12,

The New Zealand football team sailed for Brisbane to-night, the match witb the New England players Laving been'abandoned. If the flew W&. Waleß "Union can arrange

to cancel the Bathurst. engagement, tho third inlonoloninl pmo will be playtd in Sydney when tho team return from Queensland,

Twenty-nine additional seamen have been scmenced to Mdnys' hard labour on ohargesof refusing duty, Two owners state that so far as they are concerned the strike is over, and they have moro labour than they know whattoilo with,