CABLE NEWS

Manawatu Times, Volume XXVII, Issue 7466, 3 July 1902, Page 4

CABLE NEWS

[By Electric Telegraph—Copyright." [Por Press '• ■-•?OLMalion.J London, Tuesday. English and Moscow capitalists hive contracted for a railway from Tomsk to Tashkend. Russia guarantees sixtj--flve per cent of the capital. Ha:f uf the Board, are English. The Da'\y Telegraph's Brussels correspondent states that Austria is alarmed at the liusso-Jlulgarian 'convention. Charles Gassert, a wine shipper, has bequeathed a quarter of a million pounds to St. Thomas Hospital. The British revenue for the quarter ended amounted to thirty-five million pounds. Consols are quoted at 96 7-i6ths. i Captain A.. T. Mahan, im American writer on naval strategy, hr.s :in article , in ihe National llevieiv rehtinj; lo the j colonies and the fleer. Ho say's the I prime consideration for self-governing t colomes is that the Channel squadron? should be adequate to protect Great] Britain's commerce and her shores and that the Med'terranean squrdrou should ensure the uninterrupted transit of her commerce. What Australia, needs is not a petty fraction of • the Imps-rial Navy, but the organisation of the nival forces to repel danger. Mr Mahan recommends the development of the local dock: yard facilities and oilier resources. In this respect it was asscniial to (he principle that other colonies should acquiesce with New Zealand. He points out that local security usually depends upon the general dispositions which attend on the control of the Pacific generally and on China's future particularly the distribution of nations' navies in-dicatf-s this principle. Ottawa. Tuesday. The Customs reyenue of Canada for the fiscal year was thirty-two and a half million dollars. Theran, Tuesday. The Phitriete, the biggest warship that ever entered the Persian Gulf, , cruised about the ports, causing a great sensation. Vienna, Tuesday. The result of the motor car race from Paris to Vienna is unsettled owing to protests. The first fir? cars averaged thirty-five miles per hour all tiie way. ' WASZ.iSGTO.s\ Tuesday. Tbe committee appointed by the House to inquire into tin? charges of bribery in connection wi-.U iiie negotiations to purchase the Danish West Indies was unanimous in finding that there was no foundation for (be charges. Sydney, Wednesday. The Treasurer estimates the deficit this year at £236,000, including a defbit of £152,000 brought forward from last year on account of the war aeainst the plague. Comte do Courte, who has returned from New Caledonia, speaks highly of the progress there. A great point in favour of the increase of, desirable settlers there lies in the fact that no more ' convicts will be sent to the IslanL The Comte leaves for Wellington on Saturday. : The tenders received for the North Shore bridge range from £1,112,000, to £7,720,000. Enquiries made by the Board of Health in regard to the Mayor of Glen Innes' statement, shows that the sheep certainly were poor, but not unfit for consumption. Melbourne,' Wednesday. The Senate has reduced the duty on agricultural implements to ten per cent. The Federal revenue for the year was £11,304,000, and the expenditure £3,587,000. After deducting new expenditure there is leit for distribution £7,373,000. Queensland receives £905,000, Tasmania £315.000, Western Australia £1,220,000. The Treasurer is enabled to give back half a million more than he estimated. The Customs yielded £8,908,000 and the Post and Telegraphs £2,378,000.