TELEGRAPHIC.

Globe, Volume XX, Issue 1600, 5 April 1879, Page 2

TELEGRAPHIC.

ENGLISH &_ FOREIGN. SPECIAL TO TUB GLOBS. London, April 3. ENGLISH FINANCE. In the Budget it is proposed that the cigar duty shall bo increased 2:1, and that the currency of Exchequer bonds shall be extended for a year. Sir S. Northcote said it was not desired to increase taxation. The condition of the country was unsatisfactory. SOUTH AMERICAN AFFAIRS'. Peru and Bolivia are fighting against Chili. BURMAH, There is a rebellion in Burmah. [special to press agency.] London, April 3. SIR B. O’LOGHLEN’S SEATThe Committee have decided that the Attorney-General of Victoria’s place being one of profit under the Crown, Sir B. O’Loghlen has thereby vacated his seat. [reuter’s telegrams.] London, April 3. NEW GUINEA. In the House of Commons to-day, the Secretary of State for the Colonies, in replying to a question, said that it was not yet intended to establish a British settlement in New Guinea, but that Sir A. Gordon, in returning to Fiji, wouid, however, report on the steps advisable to be taken. THE WEST AUSTRALIAN XOAN. The minimum of the Western Australian loan is fixed at 06. THE ENGLISH BUDGET. The Chancellor of the Exchequer made his budget statement to-day. The revenue of the past financial year is £83,125,000. The expenditure for the same perion is £85,375,003, including the expenses of the Zulu war. The estimated revenue for the present financial year is £83,030,000. The estimated expenditure is £81,125,000. The Chancellor of ths Exchequer hoped that the surplus would suffice for the Zulu war, and would enable the redemption of £600,000 of Treasury bonds. The balance, £1,750,000 of Treasury bonds, to be prolonged for twelve months. The budget proposes an increase of twopence duty on cigars.

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