NEWS OF THE WORLD

Taranaki Herald, Volume XXXIX, Issue 8738, 26 March 1890, Page 2

NEWS OF THE WORLD

CABLE MESSAGES. British and Foreign Telegrams By Electric Telegraph — United Press Association Copyright—Received 26 3,00. 9.30 a.m,

SUGAR ESTIMATES. London, March 24. Licht, the sugar expert, estimates that the last six months production of beet sugar has increased by 778,000 tons, and that this season's surplus will bo BU,OOO tons. THE HOUSE OF LORDS. Mr Labouchere's motion in the House of Commons for the abolition of the principle which regulates hereditary seats in the House of Lords, was negatived by a majority of (32. TRAILING SHIP. Surprise is expressed in official and naval circles at the Admiralty grantingthe Shah as a training ship for New South Wales. A better vessel would have been the Inconstant, the cost of which and repairing would be £10,000. MONEY MARKttT. Money is firmer, and is in increased demand. THE QUEEN ON THE CONTINENT, Her Majesty, accompanied by Princess Beatrice, has started for Aix-Les-Baine, in France. BttTTING ON THE BOAT BVCE. The betting on the University boat race has veered round to G to 4 on j Cambridge ; the Oxford crew is regarded as being over trained. ! THE BTRIKBS. The Medway bargemen threaten, if the strike is not settled by April 1, to withdraw the bargemen below Tilbury ; this will involve 20,000 men. The Firemen's Union threaten to block Liverpool trade if blacklegs supersede men who are out on strike. The masters have promised to grant the demands of the Newcastle engineers in May, and the strike is at an end. CANADIAN-ATLANTIC MAIL BERVICR. Negotiations for a Canadian-Atlantic mail service have been renewed, and as strong financial backing has been secured, are likely to be successful. 1313H LAND PURCHASE BILI Mr Balfour, Secretary for Ireland, introduced the Irish Land Purchase Bill in the House of Commons to-day. He contended that it improved upon, and was cheaper and more rapid of execution than Lord Ashbourne's Act ; purchase would be voluntary, and there was no risk to the British taxpayer, though British credit was utilised. The maximum advance would be 20 years' rent, less local rates, which would be paid by the landlord. The total amount of advances would be limited to thirtythree millions (representing the capitalised value of the numerous Imperial annual grants for Irish purposes), plus ten millions, provided under Lord Ashbourne's Act ; the money would be re-lent as it was repaid. He contended that the collateral securities provided rendered it impossible for the Treasury to suffer sixpence loss. Congested districts would receive a special contribution of one and a-half millions from the Church surplus ; the landlords would receive two and three-quarters per cent stock or consols. GLADSTONE ON THE MEASURE. Mr. Gladstone admitted that it was a courageous policy on Mr. Balfour's part, and promised that the measure should have unbiased discussion on his side of the House. The bill was read a first time, and the second reading set down for April 15th. GLADSTONE OV THE IRISH LAND PURCHABE BILL, London, March 25. Mr. Gladstone, speaking at a meeting of the National Liberal Club, said that Mr. Balfour's Irish Land Purchase Bill was a bold bid for popularity. The measure involved a large pecuniary liability to the British taxpayer. BILL FAVORABLY RE EIVftD. The bill has made a favorable impression in the House of Commons, except among members of the Parnellito party. SWEATING COMMISSION. Lord Dunraven has resigned from the Sweating Committee because his draft report was not considered by them. BANK DIVIDEND. The Bank of Australasia has declared % dividend of 12^ per cent., with a bonus of (is. Of LQNIAL STOCKS BHING. Colonial stocks are rising. The Queensland loan is quoted at 2j- per cent, premium. UNIVERSITY BOAT RA^E. It is expected that the University boat race will be a close contest. The latest betting is II to 10 on Oxford. FRANOO-lURKHH COMMERCIAL OJN>EN ION. Paris, March 25. France continues the temporary Commercial Convention with Turkey. MEETING OF HMPKHO'iS. Berlin March 25. The Emperors of Germany and Austria will have a meeting shortly. Both the latter and the King of Italy have written to Prince Bismarck regretting his resignation, and admitting the value of his services in the cause of peace. ISHAK KH\N. St. Pkteushuro, March 21. Russia has interned [confined within the limits of the cjuntry] Ishak Khan in Samarcand. RUSBUN LOAN. A Russian four per cent, conversion loan of seventy-five million roubles will shortly be issued. SiCRVIANS FORTIFYING FROSTIER. Beloiuue, March 25. Servia has begun fortifying the Bulgarian frontier. PORTbGUIfiSE TROUBLES. Zanzijur, March 25, The Portuguese at Mozambique, under orders from the Governor, refused supplies to the British man-of-war and insulted the officers. AMEBIOA AND CANADA. Washington, March 23. Tho Foreign Committee of Congress report in favour of the appointment ©f three delegates to confer with delegate*

from Canada whenever the latter] Dominion intimates it is desirous of commercial union being established. TRANSVAAL. Pretoria, Murcli 25. President Kruger proposes that settlers in the Transvaal be permitted to vote after two years' residence. SICKNESS AT SIaGAPORB. Thursday Island, March 25. Influenza and smallpox are raging at Singapore.