PAPERSPAST

London.

Baron Schroeder is negotiating with Mr Stewart, the Official Receiver, with a view to settle the action against the old direotors of the Loan and Mercantile Agency Company. Mr S. Buxton, Under-Secretary for the Colonies, replying to Mr Howard Vincent, said that Australia and New Zealand in twenty years had spent at least three millions on armaments and fortifications.

The annual outlay in Australia, the Cape, Canada and Natal upon defences was one million.

The Premier promises that a Welsh Disestablishment Bill shall be the first measure taken next session, At a conference at Newcastle, attended by representatives of four hundred thousand English miners, it was decided to levy a shilling per week to assist the Scotch miners out on strike.

The Scotland Yard authorities have warned the French Police of an Anarchist plot to destroy, by dynamite, simultaneously, the Chamber of Deputies, tho Bourse, the Elysee and Palais of Justice.

It is announced that China accepts England's mediation with regard to Corea.

A Committee of the House of Lords has submitted a report drawn up in a guarded manner in favour of the principle of Betterment. In cases where property increased in value by municipal improvements the Committee admit there is a difficulty in applying the provision.

Seven vessels from New Zealand are unable to complete the discharge of their cargoes of frozen meat, owing to want of cool storage.

New Zealand frozen mutton- First quality, B£d second quality, B|d. Lamb— First quality, Bfd. The New Zealand hemp market is quiet, and prices remain unchanged. At the wool sales there is a little less animation, but prices remain firm.

New Zealand long-berried wheat, ex warehouse, 25s 6d Victorian ditto, 255.

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