BRITISH & FOREIGN

Poverty Bay Herald, Volume XXI, Issue 6897, 8 February 1894, Page 2

BRITISH & FOREIGN

Prett Aftocialion— Electric. Telegraph-Oopyrght. a. . i- r , LOND °tf. Feb c! At at meeting of the London and Australasian Debenture Corporation Board Sir James Fergusson, chairman of the Board said it had been decided to repay terminable debentures and to issue £200,000 of perpetual four per cents for the purpose. Wool is very firm at last rates. Feb. 7.— The French have seized the town of Gavally, on the coast of Guinea, West Africa, and the people of Liberia, independent Negro Republic, are incensed at the step.

H.M.S. Crescent, which replaces the Orlando as flagship of the Australian station, takes out new crews for the Ringarooma and Katoomba.

i Ihere is some discontent among London dockers respecting overwork caused by the wool sales, which it is feared may possibly end m a strike. * * #OBBID1 J

y* i" a ! yD ' Preßldent of the Bank of New Zealand, at a meeting of the directors, said he thought it was their duty to assist m reconstruction of the New Zealand Loan and Mercantile Agency Company. The action taken with regard to the Company had not prejudiced the position of the Bank. DunscombeHall, m Yorkshire, is on fire. TT . „ BERLIN, Feb. 7. Under the new commercial treaty Russia makes a large reduction m duties on wool and many other manufactures, while Germany reduces the duty on Russian cereals from 74 to 3* marks. The treaty is to be m force for ten years.

AMSTERDAM, Feb. 7. One of the men arrested m connection with the extensive forgery of Dutch notea has committed suicide m prison.

SOFIA, Feb. 7. The Princess of Bulgaria and all Ministers have been summoned to the Palace.

NEW YORK, Feb. 6. A despatch from Rio Janiero states that Admiral Delsama has notified his intention of blockading the harbor m order to make the position secure for the belligerents. A shipment of butter by the Arawa Bold at an average price of Is 2d per pound.

WASHINGTON, Feb. 7. The House of Representatives rejected the amendment recoguising the Government of Hawaii, aud declaring m favor of ultimate annexation of the group. A motion censuring Mr Stevens, American represent*. tive at Honolulu, was shelved for the present.

CAPETOWN, Feb. 6. The result of the genoral election gives Mir Cecil Khodes, the present Premier, a majority of twenty-four members m the House of Assembly.