YESTERDAY'S CABLEGRAMS.

Evening Star, Issue 7628, 2 June 1888, Page 4

YESTERDAY'S CABLEGRAMS.

♦- Homo and Foreign. By an Order-in-C<>uncil, certain portions of New Guinea are created British territory. The weekly returns of the Bank of England show the total reserve in notes and bullion to bo L 12,200,000, and the proportion of reserve to liabilities at 40 per cent., being an increase of L 400.000 on the total reserve, and an increase of 1 per cent, on the proportion of reserve to liabilities. The total quantity of wheat afloat for the United Kingdom is 2,540,000 quarters, and for the Continent 600,000 quarters. In the House of Commons, Mr M'Arthur having stated in the course of a speech that ex-King Malietoa's deposition was supported by England in order to gain Germany's support in Egypt, Sir James Fergusson retorted that it was not incumbent upon England to protect Malietoa. The Right Hon. John Bright is still very weak. It is thought that in consequence of the pledge given by the Parliament of New Zealand not to borrow in the London market for three years the loan prospects are excellent. The ' Standard ' spitefully attacks the loan, and suggests that the money is wanted to meet the Budget deficit and sustain mercantile credit.