BRITISH AND FOREIGN.

South Canterbury Times, Issue 3480, 31 May 1884, Page 2

BRITISH AND FOREIGN.

By Electeio Tbleqeaph—Oopyeight.

[Redteb’s Agency.]

(Received May 30,1884, 2.6 p.m.) Commercial* I London, May 29. Consols remain at 101£. The Bank rate of discount remains at 2£ per cent, and the market rate at 2| per cent.

The total reserve in notes and bullion in the Bank of England, is £15,600,000, being an increase of £200,000 during the week. The proportion of reserve to liabilities is at 48 per cent.

The markets for colonial breadstuffs and tallow are unchanged. At the hides auction to-day, Australian heavy weights wore in good demand, but light weights sold at £d to £d lower. (Special to the Pbess Association.] London, May 29. A severe oatbread of smallpox has occurred io the East End of London. May 29. Both the Provincial and London Press strongly condemn the Government for parleying about the French demands for a multiple control and a limitation of the occupation of Egypt to two years. The Conference is to meet in London on June 23, but it is only to consider questions of finance.

The “ Pall Mall Gazette " re-asserts that Turkey has agreed to send 15,000 troops to Upper Egypt and the Soudan. The “ Times ” alleges that the most faithful adherents of the Liberal party regard Mr Gladstone’s Egyptian policy as shameful.

Sir Henry Parkes is believed to have succeeded in the principal object of bis visit to England, bnt be is delaying hia return owing to some negotiations which are in progress relating to the invest* ment of a large amount of capital in the colonies. He is expected to sail for Hew York by the Germanic on July 2.