LATE CABLE NEWS.

New Zealand Mail, Issue 839, 30 March 1888, Page 17

LATE CABLE NEWS.

By Electric Tei.ror.vph—Copyright. \

(PER PRESS ASSOCIATION.)

London, March 26. In deliverirg his Budget Speech, Mr Goschen, Chancellor of the Exchequer, said the . revenue for the past financial year was L 89,589,000, whilst the expenditure was L 57,42 t,OOO, leaving a surplus of L 2,165,000, which he said was the largest surplus any Chancellor of the Exchequer had b9en privileged to announce since 1874. The estimated revenue for the next financial year was L 89,287,000, and the estimated expenditure L5G,910,000. The Government proposed to impose additional taxation and increase succession fees. The additional taxation would be placed in the shape of license fees on vehicles, racehorses, and horses kept for pleasure, horse dealers, new companies Jand additional duties on deeds of contract, stamps, fugitive securities, new issues, costly wines (in bottles) amounting to 5s per dozen. The esti mated revenue from these new sources was £2,511,000. The present surplus, Mr Goschen said, would be applied chiefly in granting subsidies to County Councils. The Government would propose the reduction of the income tax by Id. The Chancellor of the Exchequer went on to urge the necessity of immediate Parliamentarv'sanction for the coat of the auxiliary fleet. The revenue derived from the Suez Canal shares would be applied in fortifying coaling stations.

Sir Graham Berry states that he was not aware when he made his protest to Lord. Knutsford against the deportation of recidivistss by Franco to New Caledonia that England had agreed to yield the New Hebrides to France on condition that the latter Power ceased sending convicts to the Pacific. He called the attention of the Secretary of State ftq. the Colonies to the deportation of the last b, a tch of recidivistes, earnestly desiring to prevent the. Australian q.oljonies retaljatipo; by 'legislating; for. their own proVye.twi, . hfT March 27. The press criticises the Chancellor’s Budget speech most favorably. Calcutta, March 26. The Minister of Finance estimates the deficit for the year at L 700,000, and asserts that the deficit is caused, by the necessity fo^ ; setting apart L1.000,G00, for special defences, which are'' required to' be urgently pushed on. 1 Paris, March 27France having rejected the Italian, commercial proposals, parleying b,as been terminate^ BijißpifT- March 2& r Tl?,e Eib.e and o,der h,avo overflowed their bants, and a vast terijitjory has been inun,dated. Th,eije. hag, Ipeen, an appalling loss of hunpnp, l\fo. a’pd paftle. Forty, yillageq snbpaergedii an(l it estimated that perspns 'have been ruined and rendered'horaeles3 by the disaster. March 27. Sir F. Morel Mackenzie has removed another piece of loose cartilage from the Emperor’s throat, and since the operation there has been a great improvement in the condition of the larynx. Sir F. Miachenzio, 'since the operation, is znore steadfast in his opinion that the disease from which Emperor is suffering is not cancerous. Rio be Janiero, March 27-. The lonic l.eft heye last night for London,’ PnsseKgeys all well and her frozen, meat in good condition. London, March 27. Mr Goschen announced that it was intended to impose surrenders to assist local taxation, and that a portion

of the license fees and half the probate duty would be applied to the same purpose! The necessary funds for Naval defence would be raised by a loan payable as annuities in ten years. Ireland" is to be exempt from the vehicle tax, which imposes 2s 6d on wheel traffic, LI on pleasure horses, and L 5 on racehorses. The press generally approve the Chancellor’s proposals. It is understood that the Canadian manufacturers have decided to compete at the Melbourne Exhibition, and that they will make a splendid show of agricultural machinery. The Australian stocks are recover ing. The assent of her Mrjesty the Queen has been given to the conversion scheme of the Chancellor of the Exchequer. Obituary. —MrD.vvor Gray. The New Zealand Loan and Mercantile Agency propose to increase their capital to the extent of L1,000,0u0, and one half of this amount will be issued almost immediately. At a meeting of the Liberals the County Government Bill was freely discussed, aDd it is understood that the main principles were generally approved. Porliament has adjourned for the Easter holidays. The temperance societies and the local optionisls arc organising strong opposition to the licensing proposals set forth iii the County Government Bill.

The Duke of Sutherland has offered the crofters holdings on 20 miles of deer forests.

Tho wool catalogue for the next series is almost complete, and the market is slightly firmer. The death of the Sultan of Zanzibar is announced. The ironclad Nile has been launched at Pembroke. Berlin, March 26. It is reported that the Emperor Frederick and Empress Victoria will • be crowned at Konigsberg, the capital of East Prussia, in June next. The inundation caused by the River Elbe was due to the breaking down of : the banks of the river. Paris, March 26. The inquiry into the conduct of General Boulanger has concluded, and the result is that he wiil be finally placed on the retired list. Massowah, March 26. Twenty-five thousand rebels have surrounded Saati, and it is considered that an attack on that city is imminent. Perth, "W.A., March 28. The report which found circulation some months to the effect that castaways were on the Crozet Islands lias been confirmed by the receipt by his Excellency the Goveijnor'of a cable message from thq French Govern--1 ment, stating that a vessel has. j ; ust I returned, tjo Ifrappe, ijep,opting that I sailors ha,di landed; at the GVozets and left ap, inscription to the effect that, their provisions having become exhausted, they had removed to another island some distance off. The vessel went in search of them, but found no further trace of them. It is surmised that they have been picked up hy a passing ship. The Legislative Ooumpl ha.s, refused to. authorise the contract with the Ifampfon Plains Railway Syndicate. The Surveyor-General urges that it would, be better to wait and see tfip results of similar enterprises in hand before encouraging others. He believed the proposed fine TjfO'Ujld ruin th,e promoters, an,d he condemned the alienation of any u?,ore largo areas to, absentees. SypNEX,, March 2s, A crowded anti-Chinese zifieetingf woe held here fast pight, whan reaolu tiops, o.bjeefip.g jf.a the groat influx of Qhpae§ei and to the action of the Ghipeae Government in encouraging the emigration of Chinese to Australia, were tabled, and carried unanimously. The Broken Hill Proprietary Silyqr Mining Company’s shares' have dropped to hetweon jfSSp aud,£3lo in all the colonial markers, ’ ‘ ' The Government‘intend to erect ; smelting work's for the purpose of as--1 saying bulk samples of ore instead of, small quantities. Last year 2200_ assays' were made, and. it ' ip expected | that 5000. assay's will tye qa&d#. this j'year. j The Eyeniug Newa afeates that the I inquiry made by the municipaPauthorities into the alleged frauds shows that there has been a triple system of plundering carried on for upward of twenty years, large numbers of the weights, parcels, and articles supplied by the contractors having been altered. The amount of the fraud is

Irkely to swell to £IOO,OOO, Legal advice is now being taken as to tho ■prosecution of several of the officers, and it is mentioned that the prosecution may extend to circles little suspected. The captain of tho Changsha has been fined £420 for allowing seven Chinamen to escape from the vessel without paying the necessary poll-tax. In the Legislative Assembly, the Premier justified the appointment of suspended municipal officers to the Sewage Board, as ho was in possession of certain information which warranted the action taken. Mr Cooper has disposed of both Trenton and Niagara by auction. The former brought 800 guineas, and the latter 430.

Brisbane, March 2S

.News has reached here to tho effect that the French troops were heartily glad to leave the New Hebrides. All but two of them had the fever whilst on the islands, it being almost- impossible to sleep ashore without catching tho fever.

Melbourne, March 28.

The man Grocock, who was sentenced to death for a murderous assault on Collins, the stationmaster at Gleuhuntly, in December last-, has had his sentence commuted to 15 years penal servitude, with two floggings of L 5 lashes each.

The Waihora left for the Bluff yesterday. France has been allotted 11,000 and Germany 27,000 extra feet for the Melbourne Centennial Exhibition.

A silver rush has taken place at St. Arnaud, 158 miles from here. The leases applied for include public streets and reserves. The Mines Department consider the rush unjustified. Cbidley, the inventor of the flyingmachine, had a public trial to-day, but a strong wind blowing upset the machine, and the occupant was thrown violently to the. grouud, receiving rather a severe shaking.

SPECIAL,

London, March 27.

The financial statement delivered by Mr Goschen, Chancellor of the Exchequer, shows that there has been a gross saving of £711,000. All the departments show that economy has been carried out. There will b 9 no additional estimates brought down for the army and navy. The revenue for the year is £1,404,000 above the estimate,which leaves a surplus of £2,165,000. The Government supporters highly praise the proposals in the Budget. The Opposition are,however, reserved in their opinions. The ' Times likens the proposals to those formerly set forth by Sfr Robert Peel and Mr Glads ; ton,e.. The Standard gives, a qualified approval, but ex- \ presses cYu&lik© to the petty wheel I SjUd horse taxes, which it considers ! will costa considerable sum to collect. The Daily News considers the Budget ingenious and partially sound, but thinks it is doubtful if the proposal -to impose surrenders to assist l.oqaf revenue is a wise policy., It is stated that the French squadron in the Mediterranean fired, twice at the Italfan, steamer ,Solpii,no wh,ei/ S between, Genua an.il Nice. The French j naval authorities state that the firing i was, accidental

Heavy withdrawals of gold have taken place for s,hipm,ent to Germany.

The New Zealand Loan and Mer- ; cantil-e Agency Company (Limited) have received the following cable message from, their London office, dated the 2?th instant Tallow —Market steadier. It haa been lower since last I we telegraphed, but has recovered. Good mutton is worth 25s 6d and beef 23s 9d per cvvt. New Zealand hemp . —Medium is worth £2B per ton. Frozen meat —Market unchanged.

THE T^TEST.

(pEll PRESS ASSOCIATION.) 1 (Received. March 29, 12.5 ft p,m.) 1 *" ' SypNEX,' Mardh 2.9. Several nexv Lodqp liaye been dis-. covered, ip the Tuena, silver,, district., Riy© hqpdr.ed, men ar,e nj f y on th©, ' ground, and tfye fjpld, is. increase , ing ip. impoßapge.. j A depUjtptip.n fr&sa the anti-Chinese j held on Tuesday night waited aa the Premier yesterday afternoon, and laid before him the resolutions passed by the meeting. In reply to the deputation, Sir Henry Parke© said the Government aimed, at the practical prohibition o.f Chinese emigration to New South "Whies. The whole , question, said the Premier, would shortly be submitted to the considerai tion of Parliament.

Newcastle, March 29. Sailed—Barque Notero, for Lyttelton.

Adelaide, March 29.

Arrived—Cuzco. M. Levi, M. Pasteur’s nephew, with M. Germont, a French doctor, and Dr Hinds, au English doctor, are passengers. They come to Australia to conduct experiments in connection with M. Pasteur’s rabbit extermination scheme. M. Levy, in reply to an interviewer, stated most emphatically that the possibility of any ill-effects from the experiments had been disproved by M. Pasteur, The disease with which it is proposed to infect tho rabbits is not allied io cholera, and M. Levi stated that persons had eaton infected poultry without experiencing the slightest inconvenience or discomfort. He also stated that after infection rabbits die painlessly within 24 hours, lu reply to a question M. Levi said he was not aware what effect the disease would have upon the skins. Brisbane, March 29.

Tho population of the colony at the time of the last consus returns was 367,000.

London. March 2S. Consols, 101-f-. Now Zealand live 3, 105|. Inscribed, 104.

Sailed—ShipHermione, for Wellington. «

(Received March 29, 2.50 p.m.) Sydney, March 26

Bacon, 9|d; keg blitter, 6d to 9d ; factory, 8d to lOd ; hams, Is 7d ; bran, scarce at Is Od ; chaff, medium, 3s 2d to 3s 6d ; best do, 4s to 4s 5d ; maize, dull—prime, 2s 6d to 2s 8d ; oats, milling, 2s 3d ; feed, 2s Id to 2s 2d ; potatoes, L2 15s to £3 10s; wheat, feed, 2s 9d to 3s. Melbourne, March 23.

A deputation has asked the Premier to reduce grain freights 50 per cent to temporarily relievo farmers suffering from the low prices. The deputation urged that the estimated loss of LIQO.OOO could be recouped to the railways from the general revenue. Mr Gillies, in reply to the deputation, said that; Parliament would have to decide such an important matter. it is estimated 'that the outlay in connection with the Exhibition is L 217.000, nearly L6O.OQQ being for electric light. It is estimated that the net proceeds will uot exceed LIOO,OOO. It is probable that duties on Oregon timber will be increased.

The grain marked is depressed. Wheat, milling, 3s 5Ad ; seed, 3,s B,q-c1 stout oats, 2s 10d ; in&ia.e, 3a * barley,, quiet; bran, active, lo.d. APjElai-DjE, March 29.

Wheat dour is unchanged ; bran, B,d ; pollard, 9>d ; oats, 2s 8d to 2s 9d ; to,rl&jj 5s to 5s Gd. Brisbane, March 29.

Sir Samuel Griffiths has forwarded a long memorandum in reply, io the protests made by the Trade and Labor Conference against Queensland not joining in the Anti-Chinese agitation with the other colonies. Sir Sam pel in, his memorandum sta.tea tkat the Queensland Government Sook no part "in the agitation, thinking that separate replies, from each, colony would he more effective.