HOME AND FOREIGN.
THE FINANCIAL POSITION OF THE COLONIES. London, December 20. Me, Giffen, the statistical and financial authority, in the course of his lecture at the Royal Statistical Society, stated that the rise in the value of gold must affect the payment of loans. Another result of this appreciation he considers will be that the Australian Colonies will find the payment of interest a source of trouble in the future. AN ANCIENT COMPANY DISBANDED. London, Deoember 20. The Honorable Artillery Company, of London, the oldest military corps in the Empire (dating from 1585) lias been suddenly disbanded, and the guns removed. The members recently agreed to a scheme proposed by the Prince or. Wales and the Duke of Portland, who are Captain-General and LieutenantColonel respectively of the corps, to place the company under the volunteer system. The members, however, refused to pass a motion to grant £500 for military purposes, and the Prince and Duke threw up their commissions. The War Office thereupon disbanded the corps. _ December 20. The action of the Prince of Wales, in connection with the disbandment of the Hon. Artillery Company of London, is adversely commented on, and it is expected that the company will be reorganised. SHIPPING. London, December 20. Arrived: Cingalese, barque, from Lyttelton (September 29).
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Bibliographic details
New Zealand Herald, Volume XXV, Issue 9244, 22 December 1888, Page 5
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213HOME AND FOREIGN. New Zealand Herald, Volume XXV, Issue 9244, 22 December 1888, Page 5
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