Foreign.
The Portuguese scheme for the settlement of the national debt proposes a reduction of 50 per cent in interest on the foreign debt, and the raising of a new loan of four millions. The Government proposes to assign the Customs duties to the payment of interest and the redemption of the new loan. The surplus will be applied to the payment of deferred interest.
The German Education Bill be will be dropped. The majority of the German newspapers commend the Emperor's policy with respect to the Education Bill.
The Russian envoy has threatened to leave Constantinople unless the supposed assassin of Vulcovitch is deported to Russia. The Novosti says Russia will not tolerate the separation to Bulgaria.
The deficit in the direct taxation of Russia this year is four and a half millions.
The French Bank Generate des Chemins de Fer et de l'lndustrie has stopped payment. Its liabilities are 24 million francs (£960,000). One director has committed suicide, two have absconded, and a fourth has been arrested. It is largely interested in the Russian loan. Subscribers not receiving their bonds have complained to the police.
A revolt has broken out in Venezuela. Severe fighting has taken place, in which the rebels were repulsed.
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https://paperspast.natlib.govt.nz/newspapers/MH18920324.2.10.2
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Manawatu Herald, 24 March 1892, Page 2
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205Foreign. Manawatu Herald, 24 March 1892, Page 2
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