London.
Tho " Financial News" advocates thit the colonies should be absolved from the n*»w taxation. Much doubt exists in the city about the exact working of the proposed new stamp duties. Bankers and brokers consider the duties will affect the colonies very littte. Loans, it is understood are not to be affected, but a fiva shilling per centum duty will apply to bonds debentures and shares. A further evidence of the utility of M, Marconi'd systen of wireless telegraphy has baen through the establishing of communication be tween French warship 3 extended in a chain covering eighty miles. Borne of the English railway companies and the Atlantic liner com panics are investigating the system for the purpose of transmitting business and other message?.
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Manawatu Herald, 22 April 1899, Page 2
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123London. Manawatu Herald, 22 April 1899, Page 2
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