HOME AND FOREIGN.

Press, Volume LII, Issue 9019, 4 February 1895, Page 5

HOME AND FOREIGN.

jg_ Press Association—By Telegraph—Copyright jal LORD BBASSEY ON INDIA, in London, February 1. ild Lord Brassey, in the course of a Sfi- lecture under the auspices of the de London Chamber of Commerce, said re- the closing of the Indian Mints had 3.11 proved useless. The true remedy for th ' relieving that country of its financial at depression was, he thought, in deby veloping its resources and the construction of about 50,000 miles of railways at the present time, while both material and freights were cheap. A MOOEISH AMBASSADOR ASSAULTED. Captain Fuentes, of ' Madrid, has been arrested for assaulting the Moorish Ambassador by striking him a * on the side of the face when he was a about to enter a carriage to attend a X S Boyal audience. JJ SNOWSTORMS. j y Further snowstorms have been exjg perienced in London and the provinces. The Ramsgate lifeboat, for which fears were entertained for her safety, has turned up safely, though the crew n suffered terribly during- the late storm, and a number of them were frostEE bitten. LIGHT RAILWAYS. l © The Conference appointed to inquire Jβ into the question of the construction of ic light railways, with a view to assisti- ing the farming industry, in isolated Jt districts, advise that the County ts Councils should be empowered to ■S authorise the construction of light >f local railways, subject to the decision t> of the Board of Trade. In cases of Lt magnitude the Conference expresses *s no opinion relative to the manner in v which the Councils should provide d funds for carrying on the works. a NATIONAL MORTGAGE AND AGENCY COMPANY. * The annual report and balance sheet of the National Mortgage and s Agency Company of New Zealand i» show the net profits on. the year's a operation, but including;; the amount s~ carried forward ""fibirr* ' last" year/ e to be £7800. A further dividend - of 5 per cent, is recommended, 7 and £2800 is carried forward. The Directors also recommend the transfer of the reserve fund to a special fund to meet depreciation in the realisation of g assets, and will submit a proposal to j create a charge on the uncalled capital in favour of the debenture holders. Another proposal will be to create a special trust to deal with free consignments of produce. [ BANK OF SOUTH AUSTRALIA. I In the event of the appeal in the l case of the Bank of South Australia I in liquidation being defeated, the Union I Bank of Australia intend to apply to , the Courts to order a qall of £15. » THE NIGER COMPANY. ' ■ ■ .■:■ February 2. ' News has been received of a serious rising of natives against the Niger *■ Company, and that Akassa, one of the principal ports of entry, has been ! looted. I THE RECONSTRUCTED BANKS. The Bankers , Magazine considers the reconstruction schemes ofter no real impediment to the amalgamation of Australian Banks, which would strengthen them in the eyes of the

\ public and their creditors. It goes or to say that no reconstructed Bank U able to again meet its creditors with- , out some such scheme. AUSTRALIAN MOBTGAGE AGENCY COMPANY. At a meeting x>f the Australian Mortgage Agency Company, the Chairman stated that the condition of stations was improving very much in their returns. He said the Directors also hoped that the value of land would shortly increase. ■ EELIGIOUS TEACHING IN SCHOOLS. The Primate, spea&ng at Canterbury, referred to some, of the published statistics in Victoria with regard to crime, and stated that the absence of religious teaching in the State schools in Victoria was to his mind responsible for the great increase in juvenile crime. The policy of not permitting religious teaching was, he thought, ridiculous if not dreadful. UNITED STATES FINANCE. Bankers here and on the Continent will probably take the unallotted balance of the United States bonds. The American Treasury, it is said, is printing bonds' to the,, amount of 600,000,000 million dollars, and President Cleveland is alleged to have declared he will issue all if necessary. BISHOP SELWYN. Bishop Selwyn has been offered the See of Adelaide. THE AMNESTY BILL. Pabis, February 1. The Amnesty Bill has passed the Senate. THE TEIPLE ALLIANCE. Berlin, February 2. The Emperor and the King of Italy will shortly meet to discuss the renewal of the Triple Alliance. NEWFOUNDLAND. St. John's, February 2. i Sir W. V. Whiteway is forming a; coalition Ministry in conjunction with i the late Premier. Sir W. Whiteway ia leading a party which is opposed to fodflitttinn with Canada.

CABLE NEWS.