NEWS OF THE WORLD.

Gisborne Standard and Cook County Gazette, Volume III, Issue 423, 1 March 1890, Page 3

NEWS OF THE WORLD.

[BY ZLECTBIO TELEGRAPH—SPECIAL TO STANDARD.] BRITISH AND FOREIGN. PARNELL AND THE TIMES. SUBSCRIPTIONS WANTED FOR THE SLAND JRER. Pre.sure of poverty will induce Dom Pedro to renounce all claim to the Crown of Brazil. He intends to return to that country privately. It now transpires that it was intended jn the event of the Panza plots succeeding that Raulbars should be proclaimed dictator of Bulgaria. Prince Bismarck has yielded to pressure broughtjto bear by Emperor William, and has abandoned his intended retirement from the offices of Chancellor of the German Empire and President of Prussia. The No Visita says that the increase of the Austrian army and the dispute about the payment of the Bulgarian indemnity, which was lately revived, will provoke Russia also to augment her forces. Judgment in the case of the Bishop of Lincoln, charged by the Church Association with alleged illegal ritualistic practices and recently tried, will probably be given after Easter. r- Sir William Harcourt, speaking at Bath, and Sir Charles Russell, in the course of

a speech at Cambridge, both claimed that bGir Charles Stewart Parnell had been Mtquitted with honor by the Parnell ComJSiission of ail the charges preferred against him. The Globe strongly urges that a subscription should be started to recoup the Times for its expenditure in connection with the Pamell investigation, and states that several subscriptions of /too have been offered towards such a fund. I t is stated that if Sir George Campbell persists in his opposition to the Western Australian Enabling Bill its committal will be deferred until Easter, and conaequently it would not be passed this session. To-morrow Mr Labouchere will bring the West End scandal before the House of Commons. A good deal of indignation is felt because of those principally concerned being permitted to escape. Mr Labouchere will receive the support of the Irish party in this movement, especialy as Mr Park (the journalist’ imprisoned' for libel) is practically editor of the Star, the London organ of the

death roll by the Prescott catastrophe has reached 150. Nearly every building in the valley below Prescott reservoir for a distance of too miles was destroyed by the bursting of the reservoir. Amongst the townships devastated were Wickenberg, Seymour, and other villages. The dam was one of the largest in America. The flood was a wall of water forty feet high. Major Pinto has started for Lisbon via the Cape. He professes to be amazed at the excitement his doings in Africa have acused, and asserts that the Makalolos are the aggressors. The Telegraph states that the loan agents will relend the balance of the New Zealand loan. The bank has reduced the rate for short loans by one-half per cent, partly owing to the influx of New Zealand loan money.

[Wxttntorox, last night.—The Colonial Treasurer declares that he knows nothing about the relending of the balance of the New Zealand loan, as stated by the London Telegraph ; bnt he considers that as the balance of the 6 per cent. 10-40 deben'nres of the 1878 loan are to be taken op to morrow, it means that over two millions will be afloat for reinvestment, but that bee nothing to do with Naw Zealand. In October last the Government borrowed £2 000,000 for the purpose of taking up debentures, and in November £338.000. The unconverted portion of the £5.000.000 loan of 1879, was paid on the 36th inst. The subscribers of the October loan had to pav 88 per cent, of the amount, and with this the balance of £2,207,800 of the 10-40 loan will be paid tomorrow, the Government having given the debenture holders six months* notice of their intention tS do this.]