London.

Manawatu Herald, 9 June 1894, Page 2

London.

The applications for shares in the New Zealand Loan and Mercantile Agency Company have exceeded the anticipations of the directors, who are also highly satisfied with the way in which the payment of calls is being met.' The Committee of Inspection is divided on the question of suing the old directors for the amounts 'of dividends improperly paid out of capital. Mr Playford, Agent-General for South Australia, has had an interview with Lord Bipon on the subject of the salary to be paid to the Acting-Governors. He urged that the interregnum after Lord Kintore's departure should be rather longer than usual. Lord Ripon replied that he could not commit himself to an expression of opinion until the question arises. The House of Commons, by a majority of 104, adopted' the principle of graduated taxation as proposed in the new Income Tax and succession duties. Sir George Grey denies that Mataafa was harshly treated in Samoa. Mr Johnson, the British Commissioner, reports that he has defeated Mankapera, and inflicted the death blow on the slave trade in Nyassaland. He also states that the Australians are beginning to prefer Central Africa to Paraguay. It is expected the cab strike will continue for some little time yet. The men are offering on an average 11s 6d per day, but the owners insist on the payment of 18s 10d, and there seems very small prospect of a compromise being effected. " . Edison is producing in London the third act of Gruqdy's " Sowing the Wind " jointly by telephone and his new instrument^ ' -^th& f fcibetograph. The latter reproduces 75,---000 photographs. .--,•■ Mr Bruce, of New South finds there is little encouragement in Germany to push the trade v in Australian produce. .'.r>-u. .-. : u The Pall Mall Gazette declares that the Chancellor's proposal to levy death duties on colonial estates without first obtaining the assent of the colonies is dangerous anj^ revolutionary. . '.;■ >?:„ s-