CONDENSED GABLEGRAMS.

Manawatu Herald, Volume III, Issue III, 17 January 1891, Page 2

CONDENSED GABLEGRAMS.

London. It is believed ttiat the London aDd Westminster Bank and other first holders of the stock of the previous Victorian loans still retain tho sum of three millions. The directors of the Bank are dubious whether it is desirable to float the Victorian loan at present and the syndicate dealing with colonial loads is decidedly hostile to it being placed on ihe market at once. On the other hand, some financial advisers consider the present a favourable opportunity, inasmuch 7 ; as the large sums offered for the French loan have now been released. • r.:-'. Traffic on the northern railway lines is In a congested state. There are miles of trucks at the various stations waiting to be unloaded. The Lord Provost is mediating between the railway companies and their men. Strikers are on the increase. General Booth refuses to allow trustees to be appointed for funds collected in aid of his colonisation pmjeet. An agitation is on foot in favour of Mr Dillon as the leader of the Irish Party. Dr 'Ihorold, who was appointed Bishop of Winchester in the place of Dr Browne, has resigned. Shareholders in the Bank of New Zealand have agreed to the changes suggested by the Directors in the deed of settlement, excepting the substitution- 6f ; an annual meeting for the* two half-yearly meetings. In tho course of an address at Newcastle, Mr John Morley, M.P., said that no proposal of a binding nature was made to Mr Parnell at the Ha warden interview. The question o'i-the control of the, lrish police and^tlil^a^pointment of magistrates in Ireland was not mentioned, nor was. any proposal whatever made to concede the appoiutment of Judges iv Ireland. The statement that the Chief Secretaryship of Ireland was offered to one of the Parne 1 parly was also untrue. In conclusion, he declared that the Liberal party would stil' press for Home Eule. Mi' J. Chamberlain, speaking at. Birmingham, taunted Mr Gladstone with having disclosed his plans to Mr Parnell, and of being afraid to trust the people. The Victorian loan has been delayed a fornight, and possibly will be further delayed until April. A bad impression has been created by.increasing the amount to tf A-ee millions, as it is considered there would have been a better pivspect of success had it been issued for less, and at a minimum of 97£ or 98. One syndicate states that all Victorian loans they have dealt in for the last four year 3 have been profitless and that they would rather have colonial stocks depressed by the failure of the proposed loan than incur the further loss which the new loan may bear. Bumours are current that loaos from ail the colonies except Tasmania are impending, but, on the other hand, one high authority on financial matters declares that New South Wales will not go in^o the market pr at least six months.