SPECIAL TELEGRAMS.

New Zealand Herald, Volume XXIII, Issue 7824, 18 December 1886, Page 5

SPECIAL TELEGRAMS.

[PBESS ASSOCIATION.] REMISSION OF LEGACY DUTY. London, December 17. The Board of the Inland Revenue have decided to remit the legacy duty on the Australian property belonging to the late Mrs. Ohalisa, a former resident of New South Wales. THE POSTAGE TO AUSTRALIA. London, December 17. The London Chamber of Commerce have, asked Mr. Cecil Raikes, Post-master-General, to carry the Australian letters for 2£d. THE GERMAN MAIL STEAMERS. London, December 17. The German mail steamers intend to call at Colombo instead of Ohagoa, as at present. ITALY AND THE FRANCO-ALSTRIAN COMMERCIAL TREATIES. London, December 17. Italy denounces the commercial treaties concluded between France and Austria. [reoteb's telegrams.] PROSECUTIONS IN IRELAND. London, December 16. The Government have decided to prosecute Mr. Mac Hugh, editor of the Sligo Champion, on account of a speech delivered at a Land League meeting inciting the Irish tenants to boycotting, and the committing of agrarian outrages. A LONG FAST. Paris, December 16. Steffano Melatti, the young Italian artist, completed a fast of fifty days to-day. He is very much emaciated, but is otherwise suffering no ill-effects.

A SHIP DAMAGED. London, December 17. Yesterday, the ship Western Monarch, bound to Wellington, was towed back. Her cargo is much damaged, owing to the severe gales. The owner of the tug which brought her back claimed £4000 salvage. STOCK EXCHANGE PANIC IN NEW YORK. London, December 16. The Bank of England has raised the rates of discount to 5 per cent. It is expected there will be a large withdrawal of gold to North America owing to a panic on the New York Stock Exchange. LONDON COMMERCIAL NEWS. London, December 16. Consols to-day are quoted at 100J, a decline of \ per cent. The market rate of discount is ii per cent., or f per cent, below the bank rate. The total reserve of notes and bullion in the Bank of England is £11,600,000, a decrease of £1,000,000 during the week. The proportion of reserve to liabilities is 43 per cent. New Zealand securities and colonial breadstuff's and tallow remain at last quotatioos.