The Cable Guarantee.

Wairarapa Daily Times, Volume XVI, Issue 4922, 10 January 1895, Page 2

The Cable Guarantee.

(Received Jan, 11,35 a.m.) Sydney, January 10. The Postmaster General considers that the press cable from London under date of 7tli inst,, with regard to Victoria's action in giving notice to withdraw from the cable guarantee is misleading he points out that the expectation at first held, thlt there would be no loss unde£Bt cable guaranteehasnot been realised, In the first year New South Wales had to pay £SOOO, and in 1894 they paid £13,000, but owing to the indreascd traffio arising out of the Bank reconstradtious the: deficiency last year fell to £3OOO. -■Thiß'year, however, there, are indications that the the original figure, ; ond:;it.»iß estimated that for 1895 4he Colony will have to pay £10,000. ; Tie.Ppsttrife.General l ßaTS ( ljttat.'.|n v ;thu..'c«He ! giiß»nte9 v New-Sputt'Wales

has not definitely determined to withdraw yet, he sympathises very much with the Victorian Governmont in the notion takon by them. Latest English and Foreiqn, (Received Jan. 11,11,30 a,m.) - ,jL> London, January 9. |p Speaking at the Royal Colonial Institute, Sir Win. Flora- stated that he believed a good revenue could be derived from black whale fishing in Australian and N.Z.waters if an effectual close season was determined on, The official announcement of the Tasmanian loan was £9B 6s Id. The Daily Telegraph declares that the prico realised indicates a sure recovery of Colonial credit. At a meeting of the N.Z. Midland Railway Co, Mr Salt, chairman, denounced the N.Z. Government, whoso treatment of tho Company he donounccd as outrageous, Sir Btuce Burnside was appointed ' 'arbitrator on behalf of tho Coy. Mr Salt leaves for New Zealand on Friday to give evidence St, Johks, January 9. Rioting continues among those who are almost starving, and there is great clamouring for bread. Paris, January 9. Armenian residents in Paris have . welcomed with enthusiasm Mr Gladwho is en route to Cannes. A Clever Swindler. Melbourne, January 10, A clever swindler passing under the alias of Count de Colasto, has victimised a number of tradespeople before being run to earth. The modus operandi of his latest swindle was to pay into an account his own cheque, drawn on Brokon Hill; then with a deposit slip as guarantee, he bought goods and issueda number of cheques, Accused has been mixed up with some ingenious frauds in Tasmania and here,

The Victorian Ministerial defeat (Received January 10,12.20 p.m.) Melbourne, Jan. 10. The Premier has freely expressed his intention to resign, as the Labor party had made tho Government position intolerable. The Governor has returned to i^town, and the Government will coinflfcaunicato their decision to him today. Suggestive hints are thrown out, that if the Government will renounce the Labour Party and abandon tho Land Tax, they will receive a fair support from a portion of the opposition corner.