CABLE NEWS.
Ter Electric Telegraph—Copyright.] [Beuter’s Telegrams.] London, Jan. 18. President Kruger, of the Transvaal, has suggested a compromise in the matter of the modification of the frontier line as proposed by the British Government, in order that certain native chiefs might be afforded the protection of British rule, The sum of £20,000 has been withdrawn from the Bank for Anstralia. It is expected that further withdrawals will shortly be made. The total reserve in the Bank of England in notes and bullion is £12,000,000, an increase of £-500,000 during the week. The proportion of reserve to liabilities has advanced to 40 per cent. The bank rate of discount remains at 3 per cent.; the market rate has been raised. Consols remain at 101 j, and New Zealand securities as follows 5 per cent, 10'40 loan, 105; o per cent. 1880 loan, 103|; 4J per cent, 1879'1904 loan, lOlf; 4 per cent, inscribed stock, 99|. There are no changes in the markets for colonial produce. Hong Kong, Jan. 18. It has transpired that, yielding to British representations, the Chinese Government has suspended operations for blocking the Canton Rives with torpedoes.
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Poverty Bay Standard, Volume I, Issue 45, 21 January 1884, Page 2
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190CABLE NEWS. Poverty Bay Standard, Volume I, Issue 45, 21 January 1884, Page 2
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