SPECIAL TELEGRAMS.

New Zealand Herald, Volume XXII, Issue 7341, 30 May 1885, Page 5

SPECIAL TELEGRAMS.

[SPECIAL TO PBBSS AS3OOUTIO ' ' COLONIAL SECURITIES.London, May "28. . The several Agents-General and Sir Charles Topper, High Oommissionei for Canada, are urging upon the Government the exemption of colonial securities from stamp duty. •■.I, , ■~,,,« ,:c COLONIAL WINES. 0' M London, May 28. \ The Colonial Institute is urging upon the Government the necessity of granting more favourable concession in regard to the importation of colonial wines. THE RULING PASSION." ; i'j London, May 28. - Another picture by Mr. J. E, Millais, R.A., "The Ruling Passion," exhibited at the Royal Academy, has been purchased for the Sydney Art Exhibition. THE BRENNAN TORPEDO. London, May 28. ' Captain Brennan, of Victoria, the inventor of the torpedo bearing his name, has received a large amount from the English Government for hie patent rights ' [RKUTKR'S TELEGRAMS. J s ■ COLONIAL DEFENCE SCHEME. London, May 28. . It has transpired that the conference which was held on Wednesday between the Colonial Agents-General and the Senior Naval Lord of the Admiralty wjis merely to ascertain how many torpedoes would be required for th© defence scheme of each colony. BANK RATE OF INTEREST. London, May 28. The directors of the Bank of England to-day have resolved to reduce the bank rate from 2| to 2 per cent. THE RIMUTAKA. Teneriffe, May 29. The New Zealand Shipping Com* pany's Rimutaka sailed this morning for New Zealand, calling at the Cape of Good Hope. LONDON MARKETS. London, May 28. Consols are § higher than yesterday. To-day's price is IOOf. New Zealand securities are unaltered. . The bank rate is 2 per cent., anil the market rate £. The total reserve in notes and bullion in the Bank of England is £18,400,000, an increase of half a million during the week. The proportion of reserve to liabilities is now 52 per cent. Colonial Breadstuff's: Adelaide wheat, ex store, 365; Adelaide flour, ex store, 275; New Zealand wheat, ex store. 30s to 365. •. [PER N.Z.1,. AND M.A. CO.] ' t London, May 27.' Wool.—Market unchanged. '[ Wheat.—The market is quiet. Adelaide worth 36s 6d; New Zealand, 33s 6d ; and Tuscan, 36s per 4961b5. Adelaide wheat, f.a.q., is worth, ci.f., to arrive, 35s 6d per 4801bs. Tallow.—The market is flat. Mutton is worth 31s and beef 29s pesr cwt. Leather, Hides, &c.—Market unchanged. . : Copra.—The market is dull. Copra is worth £15 5s per ton. Now Zealand Hemp.— firm. Fine is worth £27; medium, £21; and common, £17 per ton. .