FOREIGN & COLONIAL TELEGRAMS. ENGLISH AND FOREIGN CABLE.

Timaru Herald, Volume XLIII, Issue 3603, 17 April 1886, Page 3

FOREIGN & COLONIAL TELEGRAMS. ENGLISH AND FOREIGN CABLE.

(Pbb Kleotmo Teieoeaph — Copyright.) : (RbUTBR'S AOENCTi.) (Received 7.30 p.m., April 16th.] BUDGET STATEMENT. . London, April 15. Sir. Win. Vernon Harcourt, Chancellor, oi the Exchequer, made his Budget Statement m the House of Commons to-night. The revenue for the financial year just closed amounts to L 89,500,000, and expenditure for the same period to L 92,000,000, or L 2,750,000 more than the revenue.' The revenue for the ensuing financial year is estimated at L 90,500,000, and expenditure ( . at L 89,875,000. The revenue from customs and excise on alcoholio beverages for the twelve .months was £1,000,000 below the ' estimate. It is proposed to meet the deficiency by talcing LBOO.OOO from the sinking fund. No increase' of -taxation is contemplated. THE POWERS REPLY. CONSTANTINOPLE, April 15. His Majesty the Sultan has received from England, Austria, Germany, and Russia, replies to his request for action on the part of the Powers regarding the threatening attitude of Greece towards Turkey, and tba disinclination of the Greek Government to disarm when called upon to do so. The Great Powers m reply promise to take further, ' steps towards the settlement of the difficulty with Greece. (Esooived 10.30 p.m., April 16th.) MONEY AND THE MARKETS. .London, April 15. Consols and New Zealand securities Bhovt no alteration. The Bank rate of discount is 2 per cent and market rate 1J per cent. ; Colonial breadstuff s and tallow show no improvement. I The. weekly returns of the Bank of 'England published to-day show the total reserve m notes and bullion to be L 12,700,000, being L 200.000 more than last week. The proportion of reserve to liabilities is 42 per cent, as ■ against 40 per cent at last report. At to-day'e wool sales a catalogue of 9000 bales was submitted to auction. The tone of : the market was quiet, 29,t00 bales have been withdrawn from :sale since the opening of the present .series. tf Special to the Press Association.) (Received 1 a.m., April 17th.) 3?HE PRINCE AND THE MEASLES. i ■ London. April 15. •The Crown Prince of Germany iB Buffering f rodi an attack of measles. OBITUARY. The death is announced of H. P. Hughes, of the firm of Hughes and Sons, woolbrokers.

THE IRISH QUESTION. Earl Cowper presided at the -late meeting held to consider Mr Gladstone's Irish proposals. Earl Derby and the Duke of Argyle wrote expressing their concurrence with' the motion before the meeting. The Marquis of Hartington denied the competence of the present Parliament to enact a- measure ;which would have the effect of bringing about all the evils of separation without any ol its benefits, The Marquis of Salisbury and Mr Goschen delivered eloquent orations, and met with a splendid reception.