LATE CABLE NEWS.

Ashburton Guardian, Volume V, Issue 1464, 24 January 1887, Page 2

LATE CABLE NEWS.

["Agb" Fpcoiats.] (By telegraph from the Bluff.) London, January 11. The directors of the London and Westminster Bank deprecate a delay In issuing the second Instalment of the Victorian loan. January 12. The Pall Mall Gazette states that one of the chief reasons for the resignation of ; Lord Churchill 1b that he waa opposed to the policy of Earl Iddesleigh, who he , states was willing to sacrifice the New Hebrides to preserve a French alliance. 1 It is reported as probable, notwithstanding the threat of dissolution held out by Bismarck, that the German Army i Bill will be rejected by the Reichstag, Intense interest has been manifested through the whole of Europe at Bismarck's speech. He asserted that Germany wbb wholly indifferent regarding the fate of • Bulgaria. The Power with which they ! were concerned was France, and peace , could never be permanently secured until the Frenoh Government had oiurage to publicly repudiate the in<entlon attributed to them of re-oonquerlng • Alsace. He had, he stated, been origl t nally opposed to the annexation of Metz, i but it was impossible to surrender it now. War might be regarded as a certain ty whenever France was assured of success The interests at stake would be large. i If France should be victorious, Germany , would lose Hanover and th 9 whole of the , left bank of the Phtne. The English Press agrees In regarding the statements of Bismarck as highly alarming. General surprise is expressed amongst those actively intereatsd m the forthcoming Colonial Conference at the fact that Sir Graham Berry ia the only colonial Agent General who has not been appointed to attend the Conference as one of the delegates for the colony he represents m London. The Imperial warship, Tyne, has been commissioned by tha Admiralty to proceed to Sydney for the purpose of conveying an extraordinary quantity of stores for use by the Australian equadron. The Tyne will Ball m about a month . Great activity is « being displayed at ? resent m the arsenals and dockyards, 'aymaster Carter has been appointed custodian of naval stores at Sydney. January 13. The Pall Mall Gazette has published an account of an interview with Mr Milner Stephen, who some time ago practised his system of healing by faith m the Australian Colonies. Stephen challenges scientific enquiry into his scheme. January 14 A letter from Mr John Bright has been published, which denounces the proposal for Imperial federation, and furthermore declares that the colonies will insist upon separation from the Empire if. the "Mad foreign policy" of England should involve war. The new Victorian lean of £3,900,000 is advertised. The announcement of the new loan exercised a depressing effect upon existing Vicorian stock, which has fallen 1 per cent. The St James 1 Gazette attributes the death of Lord Iddesleigh to the mental torture suffered consequent npon his ejectment from the post of Foreign Secretary, and avows that Lord Churchill, whose hasty resignation caused Ministerial difficulties, is morally guilty of the murder. It further express^ the | inion that the strength of the Ministry has been seriously affected by the painful circumstances attending the death of the late Earl. Bismarck, m the course of his speech on the German Array Bill, delivered m the Reichstag on Tuesday last, referring; to the present complications relative to the Eastern question, expressed an opinion that England had little need to fear a Russian war. x J.nuary 16. The elections for the Reichstag are to take place on the 21st February. It is considered very uncertain whether the result of the elections will be to return a majority of members favorable to the policy of Bismarck. January 16. The Royal Commission appointed to enquire into trade depression has cent m its report. The Commission is not unanimous m Its finding. The majority ascribe the existing depression m trade to the reduction m profits resulting from over production. They recommend that the cost of production be lowered, and technical education extended amongst the artizan classes. The minority of tbe Commission, comprising one-fourth of its members, consider the adaption of a fair trade programme the only remedy for the present unsatisfactory condition of affairs. The Governor of Herat is to be tried on a charge of treaaon. He hts been suspended for favoring Russian designs against British supremacy m India. A brisk demand exists for Australian winea, but few good samples are r flaring. At the Conference between the leaders of the Liberal and Unionist parties an amicable spirit wt*e shown, but tbe Conference will, it is thought, end without any reconciliation being effected, There Is a growing belief m politfoal olroles that granting Home Rule to Ireland is inevitable. January 17. The Russian Government have decided that Valedia, Vostork, and some other Russian ports and Paoifio harbors shall cease to be free ports. General Gourko, one of the principal officers of the Russian army, who led the Russian forces m their passage through the Balkans duriDj the Ruaso-Turkieh war, 1877-78, has delivered a menacing . speech at Warsaw, m whioh be declared : that the humiliations whioh had been : (nflloted on RaieU woald shortly be i