CABLE NEWS.

Manawatu Standard, Volume IV, Issue 17, 18 December 1883, Page 2

CABLE NEWS.

General NeW3. Turkish Opinion of the Rebellion. Duty on Colonial WineNew South Wales Loan. The Press on the Federation Question. (BY EtECTRIC TRLKdRAPH — COPYRIGHT ) (SPECIAL TO U SITED PR' f SS ASSOCIATION.) London, December 15. Cherif Paslia considers that either iTurkey or England should take steps to subdue the rebellion in the Soudan. Sir William Me Arthur has written to the London Chamber of Commerce, inviting thorn to support the claims of the colonies in respect to wiues, and uhat concessions should be granted to them, similar to those given to Spain. The Daily news supports the annexation scheme of the colonies. Three thousand French troops have left to reinforce the army in Tonquin. The French Chamber will shortly be requested to vote twenty million francs as an additional war vote. > The bombardment of certain ports in Madagascar by the French still con- . tinues. ■ ' ' Commenting on the New South Wales loan, the Standard states that the sysCein of rapid borrowing either indicates bad management or pressing nocesaity, and is likely to injure the credit of that colony in the English market. In the event of the loan notbeing covered, (a syndicate will probably be formed to take up thp balance. Latkb.. , The announcement of the New South Wale* loan has caused" consfderI able excitement, and the brokers are bearing New South Wales stock, seeking to compel the colony, to give. a pledge to refrain from further borrowing next year. There is almost a panic created, in the stock market and in one instance fours, were offered at twenty-eight (sic.) Westgarth's Circular reports that the market is entirely upset, and that New South Wales four per cents, hare dropped two per cent in price. The brokers threaten to refuse the loan altogether unless it is withdrawn for six. months. The Pall Mall Gazette says that investors must remember that the new policy decided on by the Australian colony in regard to their foreigu relations will mean increased expenditure and additional debt. The Spectator" considers that the decision of the Convention in favor of federation is a great step in the right direction, andthat the scheme is capable of being moulded into a definite practical shape. The convict question is a most, serious one, as, on the one hand, ib may involve the declaration of their independence by the colonies; and, on the other, may lead the Empire into a European war. The Economist thinks that instead of establishing an Imperial Council for the colonies, possessing ill-defined power**, it would be more desirable, to develop the present system of informal representation of the .leading colonie's, but with separate envoys for smaller groups. The Saturday Review approves of the principle of federation, but disconrages the extension of our claims in the Pacific, more especially,, at the present time, when America disputes the validity of the Clayton-Bulwer Panama treaty.