LATEST FROM EUROPE.

Ashburton Guardian, Volume V, Issue 1470, 21 February 1885, Page 2

LATEST FROM EUROPE.

[rBUTBB’s TBLBGRAM8 —COPYRIGHT.] Egyptian Finances. London, February 19. „, In Parliament to-day it was stated by Earl Granville and by Mr Gladstone in regard to Egyptian finances that the questionsat issue had been honorably arranged with the powers. Federation Bill. Mr Gladstone announced that the Australasian Federation Enabling Bill would shortly be -introduced in the House.

Shipping. , Arrived, at Plymouth—Orient steamship Sorata, from Melbourne (January 9th).

Royal Inspection. The Queen to-day inspected at Windsor the Grenadier Guards, who are about to proceed to Egypt.

Prince of Wales. The Prince ot Wales has returned to London from Cannes. Imperial Federation. ,At a banquet given by the* London Chamber of Commerce to-day, the Hon. Evelyn Ashley, Colonial UnderSecretary, made a speech which advocated Imperial Federation and the admission of colonial Agents-General to the House of Commons, but without vote. Sir Saul Samuel, in a speech on the occasion, remarked that it was impossible to draw the colonies closer together than they were at present. '

Monetary and Commercial. Consols, 9954' The Bank rate of discount is at 4 per cent. The marketrate is 3%. Bank reserve 1.15,900,000, being an increase of a million during the week. The proportion of reserve to liabilities is 48 per cent. New Zealand securities remain at last quotations. Market tor colonial breadstuffs and tallow is unchanged. Australian bides are steady. (Received January 21, 10.50 a.m.) Death of Sir Herbert Stewart. Cairo, February 19.

News is to hand that Major-General Sir Herbert Stewart died on Monday last at Gakdul, from the injuries received in the battle near Metsmneh on the 19th ultimo.

Colonial Troops. (Received February 21, 12.45 a.m.) London, February 20. In the House of Commons last evening, the Hon. W. E. Gladstone made a speech in which he said, the offers of the Colonies of troops for . the Soudan testified to their attachment to the throne, and would draw closer the bonds of the Empire. Earl Derby, speaking in the House of Lords, said that the country was deeply the spirit shown by the Colonies, and the Government had decided to accept the services of the New South Wales troops, and details were being arranged with the other Colonies who had offered contingents. The Duke of Cambridge said that at the assistance of the Colonies. *

Exchange Stopped, A proclamation has been issued by the Queen, stopping men from active service joining the Reserve |nd embodying the Militia for garrison duty,