NEWS OF THE WORLD.

Gisborne Standard and Cook County Gazette, Volume III, Issue 456, 20 May 1890, Page 2

NEWS OF THE WORLD.

[BY ELECTRIC TELEGRAPH—SPECIAL TO STANDARD.)

BRITISH AND FOREIGN.

Bank of New Zealand shares are at £<) in London.

Sir Charles Dilke says that Canada possesses the weakest defences. Frozen beef has declined one-eighth of a penny in London, but mutton is unchanged. It is probable that the Rev. Dr Parker, the Congregational Minister, will visit Australia. New Zealand hemp, of good medium quality, is quoted in London at £23 ?s to Z 23 lOS. It is denied in Berlin that Germany will surrender Uganda. Mr Parnell has resumed his attendance in the House of Commons. Mr H. M. Stanley is betrothed to Miss Dorothy Tennant, artist. The New Zealand apples by the s.s. Tainui arrived in London in an inferior condition. General Boulanger retires 'to private life, but he says He is confident of the ultimate success of his cause. The Russian Government has forbidden the influx of Chinese on the Eastern Frontier.

In the House of Commons Mr Howard Vincent has given notice of a motion in favor of Imperial Federation. The Kurds and Turkish insurgents in America have murdered a number of Christians, and burned the churches.

It is expected that few buyers will attend the next Australian wool sales in London. It is stated that purchasers have been severly bitten of late, their loss frequently amounting to £4l per bale. It is rumored that the United States has abandoned its claim to the exclusive right to the Behring Straits Fisheries. Mr Gladstone, writing to the Press, says that the excessive massing of Chinese in England and the colonies is a social evil justifying repression. The Irish Tenants’ relief fund has been closed. The total amount reaches £60,000. The Australians have met with their first reverse in England, at the hands of Laverton’s eleven. The Home team won by 181 runs. It is rumored that great uneasiness prevails on account of the assent of Lord Salisbury to a large extension of the German sphere ,in Africa. Mr Caine’s amendment to a proposal for the compensation of publicans was rejected in the House of Commons by 73 votes. Mr Fox, the Member for King’s County, moved the second reading of the Irish Laborers’ Bill. The Government opposed the measure, but owing to the thin House the measure was carried by a majority of 26. One million American workmen have sigend a petition to the Czar, requesting him to improve the administration in Siberia.

The Emperor William, in the course of a speech at Konigsberg, said that Germany would maintain peace because her army was well able to enforce it.

The Russian Press is incensed at the speech delivered at Konigsberg by Kaiser William as it is believed to be a direct threat to Russia.

TheN.Z.L. and M.A, Co., Limited, have received the following cablegram from their London House, dated 16th inat.Tallow: There is a less demand for floe mutton tallow, but there is an improved enquiry for other descriptions. Fine mutton tallow is worth 24s 9d per cwt; good beet tallow is worth 24s 3d. Frozen Meat : There is rather better demand tor New Zealand mutton. Canterbury mutton is worth 4Jd per lb; Wellington mutton is worth 4jd per lb. Beet market dull. N.Z. beef—forequarters are worth 3|il per lb ; hindquarters are worth 4|d per lb.

The Bank of New ZealandMr David Hean states that he will, on his return to London, submit hopeful proposals for dealing with the whole of the globo assets of the Bank of New Zealand. On the publication of Mr Hean’s report on the Bank of New Zealand the shares fell three-quarters, but are now steadier. The last quotations were— Old issue £5, new £B. The large shareholders met at the Bank, and agreed that it was desirable that an immediate transfer of the head office to London should be made, and that additional strong names should placed on the Board : also to write down capital by the ascertained deficiency and place the surplus value of sites and premises in the Colonies to the reserve fund. They also agreed that dividends should be confined to a moderate amount till a strong reserve fund has been formed, and that a meeting of shareholders be called to elect a new Board when Mr Hean returns to England. There was no approach to a panic, and the Directors were prepared to meet any emergency.

The Prime Minister’s Statement.

The Marquis of Salisbury, in reply to Lord Rosebery, said it was not true that Prince Bismarck had insisted on England joining the Triple Alliance, He added that the relations with Germany had been constantly of a friendly nature. Referring to the dispute with Portugal, he mentioned that parleying was not yet finished, but Portugal must take the consequences if she refused to recognise the freedom of the Zambesia and Shire Rivers.