LATEST BRITISH AND FOREIGN INTELLIGENCE.

Kumara Times, Issue 2888, 30 January 1886, Page 2

LATEST BRITISH AND FOREIGN INTELLIGENCE.

f*« [REUTERS TELEGRAMS.] By Electiuc Telegraph—Copyright. >-.—< _ RESIGNATION OF THE SALISBURY MINISTRY. MELBOURNE TRAMWAY COMPANY LOAN OF £150,000. ELECTION FOR CROYDON. BANK OF ENGLAND WEEKLY RETURNS. COLONIAL WOOL AUCTIONS. PEACE ARRANGEMENTS BETWEEN SERVIA AND BULGARIA. NAVAL DEMONSTRATION IN TURKISH WATERS.

(Received January 28, 8.30 p.m.) LONDON, January 28. An official messenger has arrived at Osborne, where her Majesty the Queen is now staying-, announcing the resignation of the Marquis of Salisbury and his colleagues.

Tho Melbourne Tramway Company's loan of £150,000 has been placed on the market. The rate of interest is 4£ per cent., and the minimum price fixed at £lO4. Tenders will be opened on Thursday next, Febmury 4. Mr Herbert, a Conservative candidate, has been returned by a lame majority for Croydon, in the room of Mr William Grantham, Q.C. (Received January 30, 1 a.m.) Later. The weekly returns of the Bank of England, published to-day, shew the lota! reserve of notes and bullion to be £13,600 000. The proportion of reserve to liabilities is 43 per cent. At the colonial wool auctions yesterday 12,200 bales were offered ; and at to-day's sales 9800 bales were submitted. The market is quieter, but steady. (Received January 30, 1.45 p.m.) January 29. Her Majesty the Queen has been pleased to accept the resignation of Lord Salisbury and his colleagues Lord Carlingford aud Earl Rosebery are each mentioned as possible successors to Colonel Stanley at the Colonial Office. (Received January 30, 1 a.m.) Constantinople, January 28. The delegates appointed to arrange for peace between Servia and Bulgaria left for Bucharest to-day. A squadron composed of warships from each of the Great Powers is being arranged, and will shortly assemble. [special to prkss association.] London. January 22. H.M. warships Opal and Raven have been re-commissioned for service on the Austr tlian station.

Th(i Times has an article on the proposed separation of Queensland into northern and southern districts, and expresses the opinion that (he change is not needed.

The Victorian loan of a million and a half is being well received, and it will probably realise a premium of £2

The Powers, especially Germany, are supporting England in the stand she has taken against Greece. It is reported that Mr Farnell has expressed himself satis6ed witl/ the attitude taken up by Mr Gladstone, and that he will not insist upon any explicit assurance being given respecting an Irish policy.

January 26. The Parnellites are joining the Liberals, and it is expected that the combined parties will defeat the Ministry on Mr Collings' amendment, which favonrs only small allotments being made to tenants.

The Sultan and Prince Alexander have arranged a personal \anion respecting Roumelian affairs. January 27. In consequence of the Whig defection it is considered doubtful whether Mr Gladstone will be able to form a Cabinet. It is reported that Admiral Hay has been ordered to proceed to the Pirseus. Fifteen hundred Burmese have been defeated at Radal. The Greek fleet is at present in hiding.