LATEST FROM EUROPE.

Ashburton Guardian, Volume V, Issue 1391, 28 November 1884, Page 2

LATEST FROM EUROPE.

[BEUTBh’s TISI.KaiiJ.MS—OOP YISIQHT* ] Monetary and CommercialLosdon November 26« Consols have declined to The market rate for discount has advanced to per cent., and is now % below Bank rate. New Zealand securities are quoted as follows :—Five per cent. 10-40 Loan, 1045^; Five per cent. LBB9 Loan, 103 j Four and a half percent. 1879-1904 Loan, Four per cent. Inscribed Stock, 100%. Colonial breadstuffs ex store—Adelaide wheat, 35s 6d; New Zealand, 30s 6d to

Sis; Adelaide flour, 23s 6d. TallowAustralian, average quality beef am imltton, 34s per cwt, Parliamentary Elections. Mr William Sproston Caine MP. for Scarborough, has been rc elected for that constituency, but by a reduced majority compared with that by which he was returned in 1880, Mi Thomas Sutherland has been elected to the vacant seat in the House of Commons for Grenock constituency. France and China. Paws, Nov. 20. In the Chamber of Deputies to-day M. Ferry made a statement as to the present position of affairs in the Fast. He announced that recent negotiations which had taken place with the Chinese Government had proved fruitless. The demands of China with regard to the basis upon which the settlement might be effected were exorbitant, and the French Government could only reply to those demands by asking the Chamber to vote fresh credits for carrying out the present operations on the Chinese coast until the present conflict could be terminated with honor and satisfaction. Affairs in South Africa. Capetown, November 25. The Government is now endeavoring to effect a peaceful settlement of the disorder in Bechunaland, and have offered the Boer raiders farms in the allotted territory to Stellaland. It is not yet known whether the offer will be accepted. [fieosived November 28, 11.15 a.mj A Peaceful Solution. Capetown, is ovember 20. The Boer raiders of Bechuanaland have accepted the offer of the Cape Government of farms in the unallotted territory in Shellaland, and have agreed to evacuate the chief Montsiva s territory. Bechuanaland will then be formally annexed 1 by the Cape Colony. Egyptian Finance. London, November 27. The following has transpired regarding the Government scheme te the organisation of Egyptian finance, which will be submitted to the Power? for approval England is to advance Egypt, under proper guarantee, the sum of L 5,000,000. Of that amount 1.i,000,000 is to be spent in irrigation works, indemnity to the sufferers by the bombardment of Alexandria, payable by preference bonds and interest on Daua Sanich 4 to 5 per cent, and unified 4 per cent debts to be reduced to per cent.