LATEST EUROPEAN.

Akaroa Mail and Banks Peninsula Advertiser, Volume 3, Issue 266, 4 February 1879, Page 3

LATEST EUROPEAN.

London, Undated

The Eoumanians have informed Austria that they are ready to place 50,000 men on the Russian frontier to form a sanitary cordon. They will permit Russians to return from Bulgaria, but will forcibly resist others crossing the mountains.

In the new trial of the Bagot case judgment was reserved.

A New Zealand Agricultural Company is announced ; capital one million.

Jan. 81.

The Glasgow Bank Directors made no defence, and only called witnesses as to character. Messrs Potter and Stronach were found not guilty as charged. The others have been found guilty of issuing false balances. They will be sentenced on Saturday.

Jan. 30

Discount is reduced to three per cent,

The Colonial Institute has appointed a Select Committee to enquire into the practicability of a Colonial Exhibition in London.

Paris, Jan. 28

Marshal M'Mahon refuses to accede to the changes of the Anti-Republican Commanders of the Army Corps, which the Ministry desire to make, and which was recently declared would be avoided, tinlesTf'-the consequences proved detrimental to the nation. Marshal M'Mahon will resign rather than the army should be disorganised. A majority in the Chambers intimated that if his resignation is tendered it will be accepted.

Jan.29.

M'Mnhon, persisting in his refusal to change commanders, has virtually resigned. Formal resignation will probably be made to-morrow. A congress of the Senate and Chamber of Deputies will then meet to elect his successor.

Jan. 30,

The probable candidates for the Presidency are Greve, President of the Chamber of Deputies, and Admiral Pothnau, Minister of Marine and the Colonies.

Later. Marshal M'Mahon has resigned the Presidency.

The Senate and Chamber of Deputies have been specially convoked to elect a successor.

M. Greve's election this evening is a certainty.

Evening.

M. Greve was elected by a large majority, and proclaimed President of the Republic for seven years

Jan. 31

The Ministry remain in office, the President refusing to accept their resignations.

Marshal M'Mahon retires into private life.

M. Gambetta has been elected President of the Chamber of Deputies.

Bombay, Jan. 30. General Stewart's Cavalry entered Kalat-i-Ghilzai on Jau. 21.

Vali Mahomet, brother of the Ameer of Afghanistan, has arrived at Kuram and solicited General Roberts to receive him. A number of Shunbari chiefs accompanied Vali.