LATE CABLE NEWS.

Waikato Times, Volume XXIX, Issue 2356, 16 August 1887, Page 2

LATE CABLE NEWS.

(PRESS ASSOCIATION"). London, August 12. Seven thousand five hundred bales have been salvaged from the ship Darling Downs, which sank at the Nore from the effects of a collision on May 12. It has been decided to destroy the hull of the vessel by means of dynamite. Mr John Butt, accountant of the Australian Joint Stock Bank, has been appointed manager of the Federal Bank, which commences business on September 1. The Duke of Manchester sails for Australia on the 21st. Mr Forman, of the Postal Department, has returned from Italy, and is sanguine of success in obtaining a reduction on transit rates. Henry Ives, of Now York, has failed, with liabilities estimated at twenty million dollars. One hundred and fifty-six pictures from the Grosvenor Art Gallery will bo shipped to Australia in the steamer Clyde. The mail steamer Rome collided with a launch in the Suez Canal. No serious damage was done to the vessel, but two men were killed. There was a temporary block of traffic. Lord Rosebery, at the request of the Marquis of Salisbury, has postponed his notice re the New Hebrides, and in doing so remarked that the occupation by French troops was unjustifiable. General Perron declares that the recent increase of infantry and cavalry in the French army has saved France from the greatest danger. August 13. A brilliant torpedo action off Spithcad against ironclads, lias brought to a close the naval inanteuvres. The first formal meeting of the Royal Commission for the Melbourne Centennial Exhibition took place to-day, the Prince of Wales presiding. His Royal Highness made a speech, in which he stated that although Ids position on the Commission was only an honorary one, he would afford the Exhibition all the assistance in his power. Paris, August 13. Two French aeronauts ascended in a balloon to the height of seven thousand metres, the highest altitude ever attained in a balloon. Ottawa, August 13. A sculling match took place to-day at Toronto between Teenier and Hanlan, and resulted in an easy victory for Teenier.