FOREIGN & COLONIAL TELEGRAMS.

Timaru Herald, Volume XLIII, Issue 3745, 2 October 1886, Page 2

FOREIGN & COLONIAL TELEGRAMS.

ENGLISH AND FOBEIGN" CABLE.

(Per Electric Telegeaph— Copyright..) (Reuter's Agency.) (Received 10.30 p.m., Oct. Ist.) MONETARY AND COMMERCIAL. London, Sept. 30. The weekly returns of the Bank of England published to-day, show the proportion of reserve as 4L per cent. The total reserve m notes and bullion is £11,180,00. Consols remain at 100 j ; 5 per cent New Zealand 10-40 loan is J higher, viz., 101 1 ; 4-|- per cent 5-30 loan is unchanged ; 99| 4 pe\- cent inscribed stock is £1 higher, viz., 100. Colonial breadstuffs remain unchanged. At the colonial wool auctions to-day, 10,100 bales were catalogued. The market was weak for greasy merino, from aldto 3d lower than at the opening sales. Crossbred was -^d higher. The total withdrawals to date amount to 5000 bales. THE RECIDIVISTES. Paris, Sept. 30. The Budget Committee of the Chamber of Deputies hare, m accordance with the views of the Government, greatly reduced the credit for the transportation c£ recidivistes. The number of these have been limited to three hundred a year. The committee recommends that they be sent to Cayenne instead of New Caledonia, as the latter settlement is already crowded and difficult to supervise. (Special io the Press Association.) (Keoeivod 8 p.m., Oct. Ist.) THE NEW STEAMER ORMUZ. London, Sept. 30. The Orient Company's new steamer Ormuz, has been, launched on the Clyde. SYDNEY UNIVERSITY. There were forty-one applicants for the vacant professorship of literature at Sydney University. THE COLONIAL INSTITUTE. Sir Graham Berry will read the opening paper at the next meeting of the Colonial Institute, the subject being the relations of the colonies to the Empire. A THREATENED ACTION. Messrs Burgoyne, the well-known wine growers, threaten an action for libel against the Adelaide Exhibition Commissioner, for posting up a cartoon which appeared m the Melbourne Punch at the office of the commission. AUSTRALIAN BEER AND WINE. The whole of the Victorian beer exhibits are now exhausted. Nearly all the colonial wine, some 21,000 gallons m all, received at the exhibition, has been sold. The committee appointed by the Prince of "Wales report that the complaints about the treatment of Australian wine at the exhibition, are doe to imperfect knowledge of the facts of the case on the part of the aggrieved persons.