BRITISH AND FOREIGN.

Otago Daily Times, Issue 9797, 22 July 1893, Page 2

BRITISH AND FOREIGN.

[By Electric Telegraph.—Copyright.] (Per Press Association.) A PREDICTION. London, Jnly 20. (Received July 21, at 5.30 p.m.) At a meeting of shareholders of the New South Wales Mortgage, Loan, and Agency Company, th 9 scheme propounded by the directors for reconstruction was approved. Mr Alexander M'Arthur, one of the directors, addressing the meeting, declared that British capitalists would soon be as ready as ever to inve3t in Australia.

MONETARY AND COMMERCIAL. (Received July 21, at 9.30 p.m.) Tbe weekly returns of the Bank of England, published to-day, show tbe total reserve to be L 19.280.000. The proportion of reserve to liabilities is 47-98. Consols, 99. Three mbnths' bills are diEConnted at 1J per cent. : New Zealand 4 per cent, inscribed stock, 103|; 3J per cent, do, 91. ' EYi zen mutton, first quality, 3f •! per lb; lamb, first quality, 4§d; beef—forequarters 3 7-16 d, hindquarters s^d. New Zealand hemp: Quotations unchanged. New Zealand long-berried wheat, ex. warehouse (flat), 29s 6d; South Australian wheat, ex warehouse (flat), ,31s-6d; Victorian wheat, ex warehouse (flat), 31s. Sugar: Best German beet, 17s ljd; Java, quiet at 20. J. No. 1 best Scotch pig iron, f .o.b. in Clyde (flat), 41a 9d. , . The American visible supply of wheat is 69,200,000 bnshels. , At the wool sales price 3 remain firm. THE FROZEN MEAT TRADE. (Received July 21, at 9.10 p.m.) A capitalist named Agins has decided to open refrigerating stores in Malta in which to store Australian meat for military purposes. THE VICTORIA DISASTER. (Received July 22, at 1.20 a.m.)

At the coutt-martial to-day an able seaman belonging to H.M.S. Camperdown deposed that Rear-admiral Markbam directed the starboard engine three-quarter speed astern. The engineer confirmed hia Btatement. A midshipman declared that .Rearadmiral Markham ordered the telegraph port engine " full-speed astern." _ Captain Acland endorsed Rear-admiral Markham's reading of the turniDg signal. THE CHANNEL TUNNEL. The Cbannel Tunnel Bill has been withdrawn. (Special to Press Association.) A TERRIBLE PLACE. Rio de Janeiro, July 20. (Received July 21, at 11.15 a.m.) During the month of Jane the death rate from yellow fever at Santos was 200 per day. A largo number of the bodies were never buried, and corpses were to be seen floating in the river. Fortvrfive sailing vesseh'were lying idle, the captains of nearly halE of them, having succumbed to the epidemic.