TELEGRAPHIC.

Marlborough Express, Volume XXVIII, Issue 8, 11 January 1892, Page 2

TELEGRAPHIC.

mmn and foreign. [By Electbic Teleobiph.— Copyright.] FINANCIAL AFFAIRS. FRESCH EXPEDITION TO CENTRAL AFRICA. [united rr.Ess association}. London, January 8. On it being announced that tho dividend of the London and Westminster Bank was reduced by ljd per cent., its shares fell £3 10*. Financiers m thc city express the hope that tho colonies will make definite efforts to restore their credit, and advise sinking funds being established to dischargo matured loans. Tho report that an English syndicate was about to purchase typo factories m lhe United States for £5,000,000 is confirmed. Great economy will bo exercised m production. January 9. Financial experts consider there is no prospect o? raising any Australian loan within the next twelvo months, except at a high rate of interest. Tho general opinion is that it would be a mistake to reduce thc interest on Treasury bills to four per cent,, after tho suggestion that the rate should bo fixed at 4 J per cent. Mr* Maxwell, Secretary to the National Bank of New Zoaland leaves by the Orizaba for tho colonies, to inspect the branches of the institution. There is every prospect of a conference being held between the shipowners and the shippers regarding tho adoption of a special Australian bill of lading. Pabis, January 9. Tho French Government aro sending a military expedition to Tonat, au oasis of Central Africa. Tho expedition will be under tho command of Genoral Thomassin. LATER. MAGNIFICENT WEDDING PRESENTS. INFERIOR BUTTER. LORD CHURCHILL V. THE TRANSVAAL. Received January 11, 1 a.m. liON.ON, January 0. The gift of the city of London to the Duke of Clarence Jand Avondale on his wedding is a necklace valued £1,680, and a dinnei service value £946. Tha heaviest fall of snow experienced m Ireland for many years has taken place. Tr«f_o m Belfast was suspended m consequence. The flavor of the butter now received from the Australian colonies is inferior to that at the beginning of tho season. Lord 3 Knutsford and Carrington are .offering from influenza. The New Zealand Loan and Mercantile Agency Company declare a dividend of 10 por cent per annum. Tho profits for the year were £92,500. The sum of £20,00*0 has been placed to tho credit of the reserve fund, and £8000 carried forward. Obituary : Dowager Lady Sandhurst. Lord Randolph Churchill has returned frora the Transvaal, which he asserts is Africa's, greatest possession. He has t high opinion of the loyalty of the Dutch m Cape Colony, but professes a dislike to the Transvaal Boer. Tho Right Rev. Henry Philpott, D.D., ex-Bishop of Worcester, is dying. The shipping ring is loading the New Zealand Shipping Company's steamei Ruahine for New Zealand at 22a 6d per ton. Teheran, January 9. The priests are coercing tbe Shah to abolish the commercial concessions granted to Europeans on condition of the formei keeping the populace quiet.