London, April 10. The Hon. A. J. Mundella, in his examination, denied that he was aware that the prospectuses regarding the security of the debentures were mis leading, but thought them only am biguous. He condemned the colonial Board's greediness for business and overtrading up to the hilt, against •which he had protested. The sugges tion that he was guilty of a policy of ■concealment was a gross injustice, but he had thought it would be injurious to inform the shareholders of Mr Larkworthy's report without confirma tion. Mr Paul^he said, never men tioned the Company's holding of Waikato lands in connection with the balance sheet of 1891. The Judge described the Company's transactions in Waikato lands as un justifiable as an investment. (Received April 11,11 a.m.) .London, April 10 Judge Williams intimated that he jnnst see the financial statement on which the reconstruction scheme of the New Zealand Loan and Mercantile Agency Company was based before he decided to sanction or reject the scheme. The representative of the Creditors' Committee stated that the scheme was based on a report furnished to the official receiver by Messrs Turguard, Youngs and Company, and their figures are what His Honor wishes to see. The Creditors' Com mittee meet to-day to consider what effect the evidence elicited by Judge Williams' examination will have on the scbemfi as at present drawn up. Sir James Fergusson is now in the witness box.
The Floods in Australia.
