REUTER’S TELEGRAMS

Kumara Times, Issue 887, 4 August 1879, Page 2

REUTER’S TELEGRAMS

[new ZEALAND PRESS ASSOCIATION.] LATEST EUROPEAN NEWS. London, July 31. New Zealand Five Per Cent. Loans !04L The English harvest prospects are improving. The weather has been showery for several days. The harvest is a month late. European harvest prospects are unfavourable except Russian. The prospectus of tho Panama Canal has been issued. The capital is to be x>lb,000,0()0. An official statement of Admiral Araont, uf the United States navy, declares that the Panama route is impracticable. The Goudwood Stakes—lsom.my, 1 • Bear, 2 ; Parole, 3. A supplementary army estimate was asked fur the Zulu war of <£3,000,000, which converts the surplus shown in the budget into a deficit of £1,163.000, which tho African Colonies reimburse. The deficit is proposed to be met by Treasury bonds. [special. ] London, August 1. Mr Gladstone’s article in the Nineteenth Century denounces the ILiAI; .Coreign policy in connection with, the Berlin I'ieaiy and of the Afghani-nan

and Zulu wms, and con-u iers Earl Bcaconsfield has created obligations impossible for tbe nation to fulfil. It declares that the Home legislation is utterly neglected, and that Liberals arc justified in having reoource to obstructive tactics, I he L itramontane state of Germany is gradully relaxing the enforcement of the laws relating to Catholic clergy. Count Chambord has issued a manifesto reiterating his adherence to Legitimist principles, and has declared his willingness to await the course of events in France. A gun burst on a German gunboat, killing five and wounding fourteen. Mr Childers telegraphs to Berry that Mill withdrew the resolutions relating to the Victorian crisis, because he considers Sir Michael Hicks-Beach’s Embassy Dispatch so well calculated to settle the dispute, and that it was inadvisable to risk a controversy with the House of Commons, LATEST AUSTRALIAN NEWS. Sydney, August 2. The steamer Menmnir arrived from China with a cargo of tea for Sydney and New Zealand. Serious floods are reported from Tamworth.