TELEGRAPHIC NEWS.

Press, Volume XXXI, Issue 4205, 20 January 1879, Page 3

TELEGRAPHIC NEWS.

ENGLISH AWD FOEEIGIT.

py SUBMARINE CABL-B.]

r__ro__x'a __E__»HA__S TO THB PBKSB] ASS-rCT.

fB-JDUCIION IN DISCOUNT RATES. Lokdow, January 16.

Ii has been ansom-ced that the existing (-stem of division of postages between the Home and Colonial Governments will be con- _______ untfl the expiration of the present contract with the F. and O. Co. The Bank rate of discount is reduced to four per cent. Pabib, January 16. lhe FreDch Ministerial statement to-day ded-red the country Republican and actuated by pacific motives, promised rigorous measures in order to make the Republican form of Government profitable. Hence the necessity for t*r__inati_g existing commercial treaties *ithon_, however, departing from the prinriples of free trade. Changes of an antiBepublican nature would be avoided unless {or doing away with anything detrimental to tbe interests of the country.

The statement waa coldly received. PASTS, January 17. The Treat condemns the Ministerial state* ____, toads to the Legislature as tco nodefjfce, and the position of the Ministry is -B.ffw-fly weakened.

Aura. January 15. lhe Orit-t steamer Cusco arrived to-day.

fSTXCIAL TO J-U-SS AGINCT.] Losdox, Jannary 17. Tks Bank has reduced the official discount __________ to four per cent.

Thomas McComas and Co. failed fox £80,000, partly secured. The failure is attri" Ided to the depreciation in wooL