Telegraphic News

Akaroa Mail and Banks Peninsula Advertiser, Volume LIII, Issue 2778, 5 June 1903, Page 2

Telegraphic News

HHO.M OUR SPECIAL OORRBHPON DKNrS

[By Thleqbaph]. London, June 3. In connection with debt renewal operations a New South Wales loan has been placed on the London market, comprising four per cent bills to the extent of a million. Tne bills have a currency of four years at a net price of 9. A co-operative conference, sitting at Doncaster, resolved that any tampering with free trade by preferential tariffs will increase the cost of food to the poorest people, diminish their remuneration and the area of employment, and promote international ill-will and the growth of militarism, and crush American friendship. There were three dissentients from the resolution.

The " Financial Times" says Aus-

tralian apprehensions in regard to pre- J forential trade proposals are unfounded.

Tt is nofc a Zoliverin that is proposed. Possibly tho Empire's variety of products rind conditions renders a strict customs union impracticable. No colony was asked to alter its fiscal system. The only proposal is to enable Great Britain to reciprocate preferential treatment and protect British trade against attacks abroad. It is reported that South Arfican merchants in London guarantee a large sum for the formation of a trust to fight the South African Shipping Confederation. The Peninsula and Orient Co.'s freight earnings, for the half year, show a lossof .£90,000, owing to the drought, the plague, and the depreciation of silver. A great gathering of Moroccan chiefs are holding a webbar to discuss the proposed sacred war. Wirksworth (Derbyshire) Bench has ordered three members of theMiddleton Parish Council to pay the poor rate. Notwithstanding their objection and passive resistance, their action was intended as a protest against inclusion, under the Education Bill Rate. Paris, June 3. The French United Mine Workers' Executive proposed a general strike amongst the workers of anthracite coal, alleging the coal owners have failed to recognise the miners representatives on the Board of Conciliation, as ordained by President Roosevelt's recent Strike Commission. I Capetown, June 3. The Legislative Council, in Pretoria, have instructed the Government to negotiate with other South African Colonies to take measures to reduce and control freight rates. Perth, June 4. A flying machine inventor, named Barr, asks the Defence Department to pay him i>6 a week while constructing a machine on the principle of a working model. If the machine is a success and approved, he suggests that the Department should then pay him a million pounds for the whole rights.