CABLE NEWS. THE LATEST.

Ashburton Guardian, Volume XXIX, Issue 7726, 20 February 1909, Page 2

CABLE NEWS. THE LATEST.

HOME AND FOREIGN. United Press Association—Per Eiti-tric Telegraph—Copyright.

COLONIAL LOANS. LONDON, February 18. The prospectus has been issued of a Not South Wales 3A per cent loan of £1,580,000. with a minimum og 97*, repayable in 1950, and redeemable in part, in 1930. The Financial Times asserts that the loan is not a great bargain compared with the Indian 3$ per cent loan. The Westport harbour £200,000 loan has been over-subscribed, and is quoted at half per cent premium. (Received February 20, 8.52 a.m.) LONDON, February 19. The New South Wales loan, underwritten on the usual terms, is quoted at par to a quarter premium. DEFENCE OF THE EMPIRE. LONDON, February 18. Canada has accepted Mr Haldane's proposal for a uniform eystem of militia organisation in different parts of the Empire, yet preserving local autonomy, This is virtually on the Canadian lines oi' the past decade. THE KINO. February 20, 8.25 a.m.) ■LOIS DON, February 19. King Edward motored to Brighton. PROGRESS IN RHODESIA. The British South Africa Company's report shows n remarkable improvement in every department of trade, and industry in Rhodesia during last year. PURCHASE OF WAR MATERIAL. LONDON, February 19. The Standard's Berlin correspondent reports that the Argentine is buying £7,500,000 (?£750,000) worth of artillery at Krupps, and £150,000 worth of rifles at Berlin. GERMAN LLOYDS. . (Received February 20, 8.52 a.m.) BERLIN, February 19. A Bill which has been passed by the Reichstag, increases the German Lloyd subsidy by £13,500, on condition that freight charges do not execeel 20 marks for services to New Guinea, Australia, Hong Kong and Singapore. SOUTH AUSTRALIA'S GOVERNOR. (Received February 20, 8.52 a.m.) LONDON, February 19. Admiral Sir Day Bosanquet, the np\V Governor of South Australia x h.as, with his wife and daughters, sailed far Australia. IMPERIAL PRESS CONFERENCE. LONDON, February 19. An Imperial Press Conference ComUiitteo has just been anoointed to arrango subjects for discussion. The first function will be a banquet, at which Ijord Burnham will preside.

(Lord Burnham is tho principal proprietor of the London Daily Telegraph, and was formerly better known as Sir Edward Levy Lawson. He was created a peer m 1903.)