ENGLISH AND FOREIGN.

Nelson Evening Mail, Volume XXII, Issue 86, 14 April 1888, Page 2

ENGLISH AND FOREIGN.

LONDOK, April 12. The amount of Mr Gosohen's conversion scheme is £140,000,000. The weekly raturns of the Bank of England show the total reserve in notes and bullion to be £13,200,000. The proportion of reserve to liabilities is 39 per cent. At the wool sales good merinos are hardening in price ; faulty sorta and scoured are a half-penny lower, There is a good demand for crossbreds. Sir Graham Berry, discussing the recent despatch of Lord Knutsford, considers it unfortunate diplomacy, as he bracketed the New Hebrides and recidivistes questions, whereas the Colony had solid reasons for defending each question separately. He thjnks that unless the matter is promptly settled it will lead to a serious difficulty in the future. He rejoiced in the action of the Marquis of Salisbury, who was continually bringing the questions under the notice of the Frenoh Government. At the annnal meeting of the shareholders of the Bank of South Australia, the report was adopted. Sir John H. Kennaway, the Chairman, said he hoped the statement of the Directors, that the dividends should be reduced in fnture in order to increase the reserve fund would be seriously considered by the shareholders. kuiQoWAH, April 12. The Italian treops are re-enbarking St. Petbbsbors, April 12. The ' Journal De 8t Petersburg' states that the marriage of Frinee Alexander of Battentrarg to Prinooea Victoria would re-kiedla the the hope of th« Bulgarian people thai Prince Alexander would be restored to the throne. It considers his restoration would hinder tranquility, and defer the paoifio relations with the Powers.