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[REUTER’S TELEGRAMS —COPYRIGHT.] Monetary and Commercial. London, Jan. 1?. The total reserve in the Bank of England in notes and bullion is Li 2,100,000, being an increase of L 500,000 during the week. The proportion of reserve to liabilities has advanced to 40 per cent. The Bank rate of discount remains at 3 per cent, and the market rate has risen to 2 $4. Consols remain at ioij£, and New Zealand securities as follows :—Five per cent 10-40 Loan, 105; Five per cent 1889 Loan, 103*4 ; Four and a half per cent 1879-1904 Loan, Four per cent Inscribed Stock, There are no changes in the markets for colonial produce. The Transvaal. London, Jan, 18. The President of the Transvaal has suggested a compromise in the matter of the modification of the Transvaal frontier line proposed by the British Government, in order that certain native chiefs might be afforded the pro. tection of British rule.
Defeat of the Spanish Ministry. Madrid, Jan. 17. The Spanish Ministry was defeated in the Cortes last night by a large majority, and demanded a dissolution, threatening to resign unless an appeal to the country be granted.
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Ashburton Guardian, Volume V, Issue 1054, 19 January 1884, Page 2
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194LATEST FROM EUROPE. Ashburton Guardian, Volume V, Issue 1054, 19 January 1884, Page 2
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