LATEST FROM EUROPE

Ashburton Guardian, Volume IV, Issue 986, 4 July 1883, Page 3

LATEST FROM EUROPE

[REUTER’S TELEGRAMS —COPYRIGHT. 1 Monetary and Commercial. London, July 2. Consols have advanced to New Zealand securities remain at the following quotations :—5 per cent 10-40 Loan, 106*4 ; 5 per cent 1889 Loan, 102; 4 per cent, inscribed stock, 103. Adelaide wheat has fallen is per quarter, and is now quoted ex store, at 46s ; New Zealand ditto has fallen 6d, and is now worth 42s 6d to 465. Adelaide flour, ex warehouse, is at 335, Anstralian tallow is dull, and unchanged at 41s for best beef, and 42s 6d for best mutton. The total stock of tallow in London on the Ist inst was 7900 casks.

The Hop Harvest. Favorable accounts are to hand from the hop growing districts, the recent fine weather having effected a great improvement. The English harvest prospects are , generally considered favorable, owing to the fineness of the weather. The Mails. The homeward mails via Suez and Brindisi, from Melbourne May 22, were delivered here to-day. The Annexation Question. In the House of Commons to-day, Mr Gladstone, in replying to a question, announced that a despatch replying to

the application of the Queensland Government for the annexation of New Guinea, was nearly ready for transmission. The despatch, the Premier stated, would refuse to confirm the action of the Colonial Government, which was moreover null and void in point of law and unwarranted by the circumstances of the case. As regards the policy of annexation, the Government considered that the colony was unsuited to hold such functions, and the annexation by a foreign Power was not feared. Mr Gladstone concluded by stating that it was, however, intended to strengthen the hands of the Governor of Queensland with regard to the maintenance of a police service in the Australian seas. London, July 3.

In the House of Lords last night Earl Derby, in reply to a question, stated that there was little hope of the Government assenting to the proposed annexation of the New Hebrides and other islands in the Pacific. His Lordship suggested that it would be desirable for the Australian colonies to federate before entering upon any scheme of annexation. A Victorious Home Ruler. Mr T. M. Hcaly, who resigned his seat for Wexford in the House of Commons to contest the vacancy in the representation of Monaghan, has been elected for that constituency by a majority of 265. The Cholera in Egypt. Alexandria, July 3. A death has occurred here from cholera. Much alarm is felt at the prospect of the epidemic spreading in the city, * The Comte de Chamhord. Comte de Chambord is still lingering. A council of the Orleanist Princes has been summoned to meet at Paris to consider the position of party affairs. [Received July 4, 12.30 p.m.] The Victorian Loan. London, July 3. Tenders for the Victoiian two million loan were opened to-day. The total amount offered was found to be L 5,160,000. Tenders at L 99 5s will receive 4 per cent., and tenders above that price will receive in full. The minimum was L9B 10s.