CABLE SUMMARY.

Waikato Times, Volume XXXIX, Issue 3126, 28 July 1892, Page 2

CABLE SUMMARY.

(BY ELECTRIC TBLEOnAPB.—COPYRIGHT.) London, July 26. At a stormy meeting of th<! shareholders in the Imperial and Colonial Finance Agency Company a resolution was passed in favour of winding the company up, but a scrutiny was demanded. It wus admitted that the investments had depreciated to the extent of £50,000. The natives have expelled the Belgians from the Katanga district, between Lakes Victoria and Albert Nyanza, which, a Brussels company has been endeavouring to exploit. The Sultan of Morocco professes penitence for his behaviour to the British Commissioner. A poll of the shareholders in th Imperial and Colonial Finance Company give nearly forty thousand shares in favour of wii:ding the business up and nineteen thousand against. As a three-fourths majority is requisite to curry the proposal, Messrs Kobinson and Cecil, who were in favour of this course resign their position as directors. Australian commercial business is reviving. Parts, July 26. A tier of seats in a theitro at Rueile collapsed. Seven hundred spectators fell and 70 were injured. Ni-:w York, July 26. Vauderbilt's yacht, while cruising in American waters, was run down by a steamer. The family, who were on board, were rescued before the vessel sank. Fifty guests were rescued from the yacht in a state of dishabille.

A largo quantity of valuable machinery was destroyed by fire at Edison's electric works, and one hundred men have been thrown out of work by the fire. Rome, July 26. The eruption at Mount Etna is subsiding. Madrid, July 20. Twenty-five warships representing the European Powers will assemble at Huelva, near Seville, and join in the Columbus celebration on August 3rd. "Washington, July 26. Senator West has cabled a proposition to offer Great Britain, Germany, and France a reduction of 2;" i per cent on duties on textiles, hardware, earthenware and glass if they will agree to the free coinage of silver.