HOME AND FOREIGN.

Press, Volume LII, Issue 9299, 27 December 1895, Page 5

HOME AND FOREIGN.

LOAN AND MERCANTILE COMPANY.. . London, December 25. In their letter to The Tim* Messrs Farquand and Young explain that on November 15th they informed Mr Martin, the Chairman of Directors of b tne i\ew Zealand Loan and Mercantile j Agency Company, of the amount of , the deficit, but th& Board did not x mention this in the report. The Times Bays the whole trouble l arose through no one person or body being made responsible for the entire scheme. i THE CUBAN REVOLT. Madrid, December 26. News has been received that Mar- i shal Campos .was overtaken and surrounded by Cuban rebels at Matanzas. Desperate fighting ensued, the rebels : losing 700 men. ' EXODUS OP POLES. Vienna, December 26. , A wholesale exodus of Poles i 3 , taking place from Eastern Galicia, the . destination of the emigrants being « A nca " Tbe count ? vis tous deprived of the majority of its labourers and ; small farmers. Two hundred families , are camped in the snow, waiting for their passports. i AMERICAN TARIFF AND FINANCES. ' New York, December 25. It is reported that the Committee of Ways and Means, with the view of increasing the revenue to the extent of 50,000,000 dollars, proposes to pass a Bill through Congress imposing, until August, 1898, a duty equivalent to 60 per cent, oi the low rate 3of McKinley's tariff on wool and woollens, increasing by 25 per cent, the duty on cereals, breadstufis, dairy produce and live stock, and increasing by 15 per cent, the duty on the other items mentioned in the schedules. A second Bill provides for an unlimited issue of 8 per cent, coin bonds, which will be devoted to redeeming the currency.