THE DEFENCE OF NEW GUINEA.

Daily Telegraph (Napier), Issue 3905, 25 January 1884, Page 3

THE DEFENCE OF NEW GUINEA.

ENGLAND AND THE SOUDAN,

THE NEW SPANISH MINISTRY.

UNEMPLOYED IN PARIS THREATEN

VIOLENCE,

THE GOLD EXPORT TO AUSTRALIA,

UNSATISFACTORY HEALTH OF THE

QUEEN

LONDON

January 20. The Times says that England should undertake tho maritime defence of New Ohiinea if the colonies will become jointly responsible for tho cost of all operations inland.

The Pall Mall Gazette says that England having in reality invested Gordon Pasha with supreme authority in tho Soudan, it is necessary that Mr Baring should be given equal authority in matters of finance. Senor Costcllo has formed a new Tory Ministry in Spain, the policy of which is unfavorable to the English treaty. Marshal Gusada, a personal friend of the King's, is Minister of War.

It is reported that there are one hundred and fifty thousand unemployed in the city of Paris, and violence is threatened. The heavy gold export to Australia is stiffening the money market, and the secrecy attempted to be observed about the matter has produced unfavorable comment. It ia inferred that the Australian banks have run short of gold owing to the operations jf tho new loan agencies. The Union Bank of Australia (limited) and the Australian Mortgage Company have each shipped 200,000 sovereigns, and the total withdrawal of gold for Australia has reached tho most unexpected amount of one million. Tho Economist considers that the colony of Victoria is in a favoroblc position, and that, whatever may be the faults of tho administration, the colony cannot be considered at all overwhelmed with debt. January 21. Tho health of Her Majesty the Queen is unsatisfactory, and she is unable to stand for more than a few minutes. The Russian paper Novoevormya attacks Baron Macleay for favoring the projects of England in New Guinea. Queensland is offering to convert two and a half million bonds into inscribed stock.

By Elkoteio Telegraph.—Copteioht

("Rkutkb'b Tkleoeams.]