LATEST BRITISH AND FOREIGN INTELLIGENCE.

Kumara Times, Issue 2889, 1 February 1886, Page 2

LATEST BRITISH AND FOREIGN INTELLIGENCE.

[REUTER'S TELEGRAMS.] By Electric Telegraph—Copyright. >—< RESIGNATION OF THE SALISBURY MINISTRY. THE HON. W. E. GLADSTONE SENT FOR. ELECTION OF H. C. E. CHILDERS. COMMERCIAL INTELLIGENCE. COLONIAL WOOL SALES. (Received January 30, 9 p.m.) London, January 30. In consequence of the resignation of the Salisbury Ministry Mr Gladstone has been summoned by her Majesty. The Right Hon. Hugh Childers has been elected by a large majority to represent one of the divisions of Edinburgh in the House of Commons. (Received February 1, 1.15 p.m.) Later. It is announced that Mr Gladstone has been sent for for the formatiou of a Miuistry ; but nothing is known as to its constitution, except that the Marquis of Hartington will have a seat in the Cabinet. Consols have advauced to 100 i. Colonial breadstuff's are without alteration.

The valae of tallow has fallen 6d ; but Australian beef tallow, of a fair average quality, is 25s 6tl per cwt., ditto mutton, 265.

The bank rate of discount ia 3 per cent., and the market rate If. At to-day's wool sales some 11,000 bales were submitted. The market remains qniet, but steady. The present series of colonial wool auctions will close on Saturday week, 13th February.

[special to press association. ] London, January 26. In an article upon the Victorian L>an, the Standard states that the brokers consider the price a dear one. The loan is, however, quoted at 24premium. Sir Francis Dillon Bell, Agent-Gen-eral for New Zealand, in a letter to the Times, says—«lr is uncertain whether New Zealand will place a loan i'> the market before June. The Victorian stocks are now firmer. At a meeting at the Mansion House on the question of State emigration, Sir Saul Samuel, Agent General for New South Wales, and the Hon. J. F. Garrick, Agent-General for Queensland, stated that the colonies preferred to select for themselves the class of people j that should be sent out.

Sir Saul Samuel and Sir Daniel Cooper, formerly of Sydney, have been appointed Acting-Commissioners for New South Wales at the Indian and Colonial Exhibition. At the Exhibition it is the intention of Queensland to work a quartz battery. Sir Saul Samuel denies the statement that New South Wales will shortly place a loan of two millions on the market.

January 27. The Government were defeated by 329 against 250. Mr Gladstone supported Mr Collings' amendment, and the Marquis of Hartington, Mr G. J. Goschen, Sir Henry James, Sir John Lubbock, Mr Leonard Courtney, and other Liberals vote«l with the Government. The Marquis of Salisbury has tendered the resignation of his Ministry.

The Spanish Government have notified thiit they arc not at present pn>pared to renew parleying in conn, ction with the Anglo-Spanish treaty. The Melbourne tramway loan of £500,000 at 4|- per cent. | ias been placad on the market. Tenders will be opened on Febraary 4i.li. Minimum is fixed at £lO4. January 28. The defeat of Lord Salisbury's Government is generally regretted on the Continent. The Powers have decided to spnd warships to Piiaeus. The Manchester Guardian approves of the proposed sepnntion of Queensland into two distiicts. The Chronicle states that Mr Henniker Heaton will shortly l, e knighted for his colonial services.