Notes and Events.

Manawatu Herald, 25 April 1893, Page 3

Notes and Events.

It is pleasant to turn from the paltryness of colonial politics to those of Qreat Britain. A pleasing sketch is given in the Bevtew of Reviews ot the Suez Canal coup. It is declared that Mr Greenwood, editor of the Vail Mall Gazette was dining at a club when he learnt that the Khedive intended to sell his Canal shares to the French. Ho afc once went to Lord Derby and informed him ; the Minister was astonished, the English representative at Cairo had left the Home Government entirely in the dark on the subject. Lord Derby promised to inquire and in a few hours the news was confirmed. Mr Greenwood pressed that the shares should be purchased by England, and Mr Disraeli concurred. Lord Rothschild supplied the four millions and the Government became posSissors of the shares. England was startled and the French anno3'ed. The shires purchased for four millions are now worth twenty millions This is claimed not to be a bad busimss to be affected for the empire by a public-spirited journalist. Apollinaris water. Has it not been well advertised? The lucky owner of this vein of wealth is a Mr Smith who previous to this venture had bought the Pall Mall Gazette. The paper did not pay then, and a drop of £25,000 had been made in trying it as a morning paper. Mr Smith sold out and purchased the sole rights of sale to English speaking countries of the waters of Apollinaris Bmnnen, which springs are on the right bank of the Rhine as you asoend to Cologne. The Bank of England started in 1695 and first issued notes of the value of £20. • In 1759 £10 notes were issued, and in 1793 £5 notes. In 1797 notes of the value of £1 and £3 were circulated and up to 1825 the Ban's of England had the monopoly of issuing notes. From a return published we find that the average amount of Bank of England notes in circulation in 1718 was of the value of £1.829,930 and in 1859 of the value of £22,705,780, a wonderful growth. In 1888 the account at the Bank stood at £8,121,939 to the good, the liabilities being £55,175,---887 and the assets, securities £88,---188,062 and coin and bullion £20,---164,214.

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