POLITICAL NEWS.

Southland Times, Issue 3578, 9 December 1879, Page 2

POLITICAL NEWS.

<- s: i A .-rt ♦ — 'y~7T Ay AA r__ The < Wellington correspondent of the' J Dunedin ''-Times,' telegraphing oh, Sunday}' says:— ". l ; ' , ; '->-•'- >*z~ The information '-received by the. Go-!- -! vernineht' 'on^'Sat^irday^ from the-'-Agont-General, fliat tho,*vy*holebf the :j_vef_ullipn loan had^een^pjticed pn'!tlie inaVEet by* the -Isan_^p- England," 'was' unexpected, thc_ "tenor gf>lastrpreeedrngr^d vices- _eing«»that certainly nolj more than three millions could be placed, favorable circums^ces have arisen,, ho we veiy and the Government are ail vised that there are good pros--pects *o£ the Whole loarti" floating. i They anticipate having definite information as to the success of- the "ioan in about a week. - •*' '

Information was received yesterday that Rewi had broken from his allegiance to the Government, and some little fear isT! expressed that there is a row~ briwing.7 The Government had a Cabinet meeting? Inst night to consider "the positions-hut I| cannot learn what transpired. s ,y : JOiZ : , *?! I learn from the Colonial Treasur_r that % the business of the session will in all probability be finished by the end of the YAccording to the Post's special, the price for the loan is§£96~los. "|This :isjlOw|fpr|^Y five per centJ-ioah^-thVold!«fives i. bein^_tY.IQ3 t but from advices ju3t received, there. *ii^_*bd^o^ likely to be obtained for part at any rate, and the average will probably be not far from parj a very7gobd e;ffeet^arang<t>een produced^bn the London- mbneylmarket by tl—S Einan^cial, Statement!, r d^Alii^-vxtnl^; thp •• '■■ remarkable! ei^stici^- of NW*w venue 7 ah(i A- -resources, Z^^JZj^a6Aityc£} £959,0QQ W being so eiisil^onverted'ihlto a ■ surplus 'of £74,000, while the former, is set dpum to tlie gross blundering, of Sir.Geprge 7X3-reyi : \yhbmy Etigi^r "p^^s ;!hin^- con- 7 -dernned'so "sewrely. y77!N!o, lUQtil&Tan^fexccK Ylent effect : hajS]been j^^ J^e37at"HW_i : e'!■sO■■ far as our credit is concerned, whatever ! mayTfce ; t-6 ' ciiiseTregai^Ung tim. attractions v pf£erejl by jn^ jubilahtovdr the hews iroohttheloiin, ithaviing'jbieeh Tfath^ • 'being d eeuiedieqnivalent to a practical; cer- ; " t'atnty of lj^bjeiag; floated £nd on favorable terms. Thisg^ finances, and .will have a, material t eJ_ect t ph !th^ubli£-^ which' i|Hs ( uhdefstood is! being -consid^ 7lh :7yiew . of 7ih ar^nd^termined toYforc© the 'property kme-ts'!- W i 'a-^desh^le£ -j including y any ' ihgge&ed'by^'^ op*s6sitic.n if offered -ih '^iryspmt^jd^L to the The^^ "increase 7o£ %f Gxei^tfo ; 7;diiceid _'a^ref aydr^^^ : ifeirKojbjfC^ r, itli © i foUUU^ S ndt thehiaxing A } person^effects, trades stocky and other TunproduQtiye ; pi;o. > ; >perty Ji remainsjmnaltereclv^jSo ■ f ar! -asuis at 7preßeht-iknowh',';the^Government ibelieye H liey Yliav^e' £t*feeitais majority: of _3 to carry : ; the; hi 11.- AAAyy '^yf --By y-yyAi ..