LATEST CABLEGRAMS.

Manawatu Times, Volume III, Issue 23, 22 January 1879, Page 2

LATEST CABLEGRAMS.

[PER PRESS ASSOCIATION.!

Lojjdow, January 17The rapid and continuous advance of Briti«h troops on Cahul has produced complete disorganisation amongst the Ameer's troops nnd complete anarchy prevails m the city There 13 a political crisis m France, and the Ministry *ill probably resign. The Pirecters of the Bank of England hare reduced the rate ol discount to 4 per cent. M'Coman nnd Cc, of London have failed for £80,000. Their failure'is attributed to depression m the wool market. The Germsinjwar res «Is Ari-idne and Nautilus are directed to exact satisfaction for the outrages at Samoa. It is announced that the existing division of postage between Hd-ne and Colonial G-ovennents continue* until the expiration of the ore-tent P and O. contract. A dcfl.iite treaty of peace was signed to- »• Vt»!ii Ru*«i:i and Turkey. New Zealand Five., 101 j Fours, 1». 6d. lower. Tlie French Ministry made their statement of policy today. Thpy declared that, like the country, they were Republican, an-.l they said they wpre iictuated by p.icific motires. Thfy promised vij;or<m< mtj-ijurna to make tl>e tpmiinati><n of the existing cimnierciil treat io« pri>fitable to the Republic, without dtn>:»rtin<jj from the principles of Tree trade. Changes of an anti-Re-pu'-lin nat lira should he avoided as detrimental to the interests of the country. Th# i*lute:uent was cobUy received. The Frinoli Press condems the Ministeriiil statoinent to the Chambers, as too moderate, and I lie position of the Ministry is therefore materially weakened. January 18. Sir M. Flicks-Beach, m a speech at Stroud admitted that the Engliih goods were un dersokl by European nnd American competition. The Government m eonsptjuence would endeavor to provide a fresh outlet m Africa.