FOREIGN & COLONIAL TELEGRAMS. ENGLISH AND FOREIGN CABLE.
(Peb Electric Tblbo&aph — Copyeiqht.) (Per Press Association.) fßeceived 12.10 p.m., June Ist.) NEW ZEALAND LOAN. London, May 31. The New Zealand two million 4 per cent loan, with a minimum of 90i, for which tenders were opened on the 7th, is quoted at a premium of one per ceat. (Received 8.20 p.m., Jnne Ist.) It is thought that in consequence of the pledge given by the Parliament of Now Zealand not to borrow in the London market for three years, the loan prospects are excellent. NEW GUINEA. By an Order-in-Council a certain portion of New Guinea baa been created British territory. MONETARY AND COMMERCIAL. The weekly returns of the Bank of England, published to-day, show the total reserve in note3 and bullion at £12,200,000, and the proportion of reserve to liabilities at 40 perjcent, being an increase of £400,000 on the total reserve, and an increase of 1 per cent in the proportion of reserve to liabilities. The total quantity of wheat afloat for the United Kingdom i3 2,540,000 quarters, and for the Continent 000,000 quarters. [SpXOIAI. TO X3B PBEB3 ASSOCIATION. J (Received 12.30 p.m., Juno Ist.) MR ELAINE DECLINES. Washington, May 31. Mr Blaine has finally declined to be nominated for the presidency.
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Bibliographic details
Timaru Herald, Volume XLVI, Issue 4254, 2 June 1888, Page 3
Word Count
211FOREIGN & COLONIAL TELEGRAMS. ENGLISH AND FOREIGN CABLE. Timaru Herald, Volume XLVI, Issue 4254, 2 June 1888, Page 3
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