MONETARY AND COMMERCIAL.

Star (Christchurch), Issue 4614, 10 April 1893, Page 3

MONETARY AND COMMERCIAL.

♦ OTTAWA, Apbil 7. The Canadian Government has provisionally arranged with the Huddart, Parker Steamship Company to run a '■ monthly Bervice of steamers hefcween Canada and Australia, calling at Hawaii. This agreement is for one year, and the Government is to pay the Company a subsidy of £25,000. " LONDON, Araii, 8. The Treasury states that the request of the Australian, mints, that they be empowered to give full weight for light gold coins, implies that England should undertake the task of renewing the gold coinage of the Empire. The Treasury suggests that the matter should he considered together with silver coinage, and states that it earnestly desires to frame coinage regulations on a principle agreeable to the Colonies and equitable to the Imperial and Colonial Exchequers. Apbil 9. The following are latest quotations of Bank shares : —Australasia, £77 10s; New South Wales, £64; London Chartered £18 ; Union £47. | Tallow, medium mutton, is quoted at3os6d; beef, 28s. The total quantity of wool catalogued up to date is 54,800 bales. There is brisk demand, and priceß remain firm. Continental huyers are especially active. Medium wools are very strong, English representatives buying freely. New South Wales consignments are bringing 9|d to Is 7£d, according to class.^ Merinos and cross-breds are a farthing to a halfpenny above last quotations. The English wheat market is firmer, the Continental dull and the American has an upward tendency. Frost spoiled forty cases of the Aorangi's apples, and worms damaged a numßer of others. The exports from the United Kingdom decreased £232,000, and imports £2,700,000 last month. SYDNEY, April 9. Although the agents of the CanadianPacific Company have received no confirmation of the statement that their steamers have been subsidised to run between Canada and Australia, Messrs Huddart, Parker and Company believe that the cablegram is probably correct, as negotiations have been, proceeding for some little time. Messrs Huddart, Parker and Co., in a letter to the Government, propose that, in addition to the Canadian subsidy, the Colonies Bhould contribute £20,000, the service to be a monthly one, and, if the inducement is sufficient, fortnightly; the mails to be delivered in London in twentysix days. It the proposal is accepted, it is proposed to initiate the service with the Warrimoo and Miowera. Mr Kidd, the Postmaster-General, approves of the scheme.