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LATEST FROM EUROPE.

[per reuter’s agency.] ' Monetary. London, July 21. Consols, Bank rate of discount, 2per cent,; market rate, per cent. New Zealand securities are unchanged. The Reserve of Wealth. The total reserve in notes and buk lion in the Bank of England is Lx 5,000,000. Colonial Produce. Australian and New Zealand breadstuffs and Australian tallow are without quotable change. A fair demand exists for most descriptions of Australian hides. Lucky Shareholders. The Union Bank of Australia has declared a dividend at the rate of 7 per cent, for the past half-year. .Grateful People. A strong movement is being made to organise a public banquet to the members of the Cabinet, as an expression of gratitude for the Liberal policy of the Government. The War in Afghanistan. The Daily News to-day publishes a telegram from Lahore announcing that Ayoub Khan’s troops have inflicted a defeat upon the Ameer’s outposts in Candahar. Monetary and Commercial. London, July 22. Consols have declined and are quoted at New Zealand Five per Cent. 10.40 Loan has and is quoted to-day at 105 ; New Zealand Five per Cent. 1889 Loan is unchanged at 105, and New Zealand Four and a half per Cent. 1879-1904 Loan is quoted at 103. Wheat has advanced 6d; Adelaide wheat, ex warehouse, 48s 6d ; New Zealand, 48s 6d. The total quantity of wheat afloat for Great Britain at this date is 1,710,000 quarters. Adelaide flour, ex warehouse, 34s 6d; Australian tallow, best beef, 34s 6d; best mutton, 36s ; best Sydney copra, per ton, Ll 4. The Sentence on Midhat Pacha. It having definitely transpired that the report received on the Bth, to the effect that the sentence of death passed upon Midhat Pacha for complicity in the murder of the Sultan, Abdul Aziz, had been commuted to banishment to Arabia, was incorrect, and that the death sentence is to be carried out, the British Government has sent a communication to Earl Dufferin, the Ambassador at Constantinople, instructing him to intercede with the Porte on behalf of Midhat Pacha, and to urge for a commutation of the sentence.

Mr Bradlaugh. In the action Clarke v. Bradkugh, to recover penalties from the latter for sitting and voting in the House of Commons without first taking the oath, a verdict has now been finally returned for the plaintiff. A Severe Storm and Loss of Life. London, July 23. A very severe storm has passed over the Shetland Islands, and eleven fishing vessels have been totally wrecked, and seventy fishermen have been drowned. A Cuban Bank Robbery. A telegram is to hand from Cuba, announcing that two employees of a bank at Matangas have embezzled 200,000 dollars, and have succeeded in effecting their escape with the money. A Relapse. Washington, July 23. President Garfield has suffered a relapse, but one which has proved only temporary. He is now again making satisfactory progress towards recovery. The Transvaal Treaty. Capetown, July 22. News is to hand from Pretoria that the Royal Commission appointed to undertake the settlement of affairs in the Transvaal, which has been sitting since May, has concluded its labors A draft convention has been arranged with the Boer leaders, providing for the retrocession of the whole of the Transvaal to the Boers, subject to the Suzerian rights of Great Britain. The convention, moreover, provides for recognition of claims on the part of British subjects in the Transvaal fpr compensation for losses during the late war, to the extent of L 500,000. News to hand further states that the Volksraad will be forthwith elected, and will meet without delay for ihe purpose of ratifying the convention.

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AG18810725.2.7.1

Bibliographic details

LATEST FROM EUROPE., Ashburton Guardian, Volume 2, Issue 404, 25 July 1881

Word Count
602

LATEST FROM EUROPE. Ashburton Guardian, Volume 2, Issue 404, 25 July 1881

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