GENERAL CABLES.

Manawatu Standard, Volume XL, Issue 75, 8 May 1903, Page 2

GENERAL CABLES.

(Electric T.eiegraph—Copyright.) Per press Association. Lo^do.v, Yesterday

WAX LOANS,

Mr Chamberlain,'in a speech whi:;h eli(-'i'a'd warm commendations from both sitLw of thf- House, explained the resolution guaranteeing the development; of loans ot-C:?5,000,000 which were asked ior conditional upon a v.-;ir contribution of MO 00.3,000. The bitter is 10 be deriwri from a fiifcvu-o ioan secured on the Transvaal's resource:; uvA the reali-.;*- ---| tion oi' her enormous poteiiii»l resources. Sou!.)! Ahva would require similar tvoiibiieni: 1o Australia and Canada, St:;te intervention' providusg the capital required to enable South Africa to iind Ik:)- own necessaries before she could over become an important ercjorter. "The Motherland," s;;H Mr Chamberlain. "tre::-ts_hcr new colonies, ji.pjirt from dire:;t Imperial interests, ;is sell:----goveriMi)^, v,-in.':h hi fcho or.lv wise, only possible policy." Tiio bulk of the loan | would bo devorod i.o ihr. discharge* of the existing liabilities. It readjusted present charge:-!, and refunded to the Exchequer £(i.000,000 oil the advances tiiat the j\lV)tuer"i:ind received, 'chat, is to say A;j;;,OOO,O0O instead of £30,----■oM),ooi>. Tho Triinsyatil also paid! £2.1U.0,030 compensation to losalisLi in ' connection with the iir.sc Boev invasion. i?u:-t!i.vruio!-e, the co-ivc-ision of debt* •-•ml |-3i!? purdi«.-.v oi' railways would leave £0.500,000, whereof £5,000,000 were devoted to the development of railways, ?J2.;'OCi,ooo to laud settlement, and £:-3.00>),00U to ro.-ids ;md irrigation somc.-s. Of the loan it would absorb £1,4,00,0C0 per annum, calculated at <L per cam; for interest and redemption. This wouid l)o the first charge on rho Iritereoloniid Council of the two' colonies, and Vhe subsidiary Transvaal revenues. Hi^estitnateci that after three years, with ashis..-.iHL'c from the Transvaal surplus, tliftfc the loan would leave a surplus of | £300,000 for further development. That inapenous result was due to Lord Milner's energy, ability and unexampled devotion.^ The resolution was agreed to without division. RAILWAY CLTSIS. I\Telv.oti ux h , Yes to rd :iy - A G;is;eUe Ims been issued summoning Pin-I'.ajs.-.ent. Each of the4o members of tin-executives of tlio bjixr unions have received t i'.e notice referred to yesterday. Ill" liimost secrecy is beinc observed an;uny.l ;iio men. An order issued by i lie exv.cutive.s that they were not to talk about r]ie cr:*is ha:; been obeyed in a manner which i:s a revekiion" of their uuH-y and flisci;>liiio. 13ALE.VNS TiIOTTELE. Loxdox, ifcst.:rda-v.

A lidi!; hiw occurred at IJainlzn, near Seres. tSix!-y liiilf-i-u-iiuir;, including DeH;:PuiT. llu'.r lender, were killed. Tim Turkish cavities were eiykt. Thirty houses were burnt. The Wcinev Aiiegemiuc Zeitung says that Turkey has re.-olveO. to take extraordinary measures in regard to JXiaeedoj;iti. CoxsTA^rxixopy/i-:, Yesterday. Turkey insists on ti-.e withdrawal of the L'ulgarrm Dishop from Macedonia, and the. recall oil Bulgarian commercial agents from Monustir. The latter are accused of complicity in the revolution. FOOT AND MOUTH DISEASE. Loxdox, Yesterday. t TIio Daily ]Express states that tho Havershnni Grange brought from liuev.oi Ayvcr; to Capetown two thousand sheep and two hundred and fifty cattle sufiitrin^ from foot and mouth disease. RUSSIA AND CHINA. .i^ r;Vl" Yesterday. Tho New York Sun protests p.cn'inst Eussii'/s shameless mendacity over the Manehurui question and heartily supporis Anglo-American friendship. The Nevr York Times hopes that Russia rail be moved to say through diplomacy, mm to man rind nation to nation, what she mints and what she means.