EUROPEAN.

Te Aroha News, Volume I, Issue 34, 26 January 1884, Page 3

EUROPEAN.

London, January 1(5. — The traiticthrough the Suez Canal has been resumed. It is believed in political circles that if a Federation Bill brought forward it would be certain to pass. At the annual meeting of the Australian Mortgage and Agency Company (Limited) held yesterday, the report was adopted. Owing to Earl Oanville's parleying it is rumoured that France will not send any more converts to New Caledonia, and possibly not to any of the other Pacific Islands. Loxdox, January 17th (evening.)— The fire which broke out at Cornhill this morning caused the destruction of Messrs Silver and Co.'s building, the whole premises being completely gutted, Through the efforts of the fiiemen the flames were prevented from spreading to the aijoining buildings. London, January 17. —An outbreak of fire has occurred at No. 07. Cornhill, on the premises occupied by Messrs Silver and Co. , and is increasing rapidly.

L VTKIt. The premises of Messrs Silver and Co., Army, Navy, and Colonial Agents, Sun Court, Cornhill, have been completely destroyed by tire. Twenty-five engines were working' at the tire. A portion of the adjacent buildings occupied by the Commercial Bank of" Australia and by Henry S. King, East Indian and Colonial Agent and Manufacturing- Stationer, weve also damaged by the lire. London, January 17. — In its issue this morning, the "Daily News,'' in referring to the proposed Victorian four million loan, doubts whether it will be successfully floated. The " Standard says that the wholesale financial houses consider the minimum fixed for the Victorian loan as too high, and that unless the public subscribe liberally the banks will have to fall back on a syndicate. The Union Bank of Australia ha^ declared a dividend for the past half-year at the rate of IS per cent, per annum, and carries forward €55,000 to the reserve fund. The homeward mails, via Brindisi, dated Melbourne, December oth, were delivered yesterday. London, January 17. — A rumour has gained currency to the effect that England intends to immediately est\blish stations along the coast of New Guinea. It is believed that the Government will recognise the principle of Sir George Grey's Pacific Annexation Act. It is leported that the Murquis of Normanby has resigned the Governorship of Victoria. Sir Julius Vogel has written a letter to the " Times" strongly urging the passing of an Act to legalise the investment of trust funds in colonial stocks. London, January 18. — The sum of L 200,000 gold has been withdrawn from the Bank of England for Australia, and it is expected that further withdrawals w ill shortly be made. London, January lb. — 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 oi the British rule. London, January IS. — The late&t information from Cairo states that Baker Pasha is unable to relieve the troops at Sirkah— a town threatened by the followers of El Mahdi. Several other garrisons are reported to be surrounded by the rebels. The merchants in the Soudan are appealing to France for assistance. In consequence of the threatened attack on Khartoum by the False Prophet,' a laige number ot the civilians ai'e leaving that town. The Pope hasapprovedofthe nomination of the Right Rev. Patrick Francis Moran, D.D., Bishop of Ossory, formerly Professor of Hebrew in the College of the Propaganda, Rome, to the Archbishopric of Sydney. The formal appointment will not, however, be made until the existing vacancies in the Irish Sees are filled. London, January IS. — Victorian stocks have risen I per cent. A quarter of a million of gold has been withdrawn from the Bank of England for export to Australia. The "Daily News'" states that this sum is desired to strengthen the reserve of the Australian banks. London, January IS. — The P. and 0. Steamship Mirzapore takes t'300,000 gold coin for Sydney. London, lanuaxy 19. — It ha? transpired that, at the request of the British Government, Gordon Pa«ha has accepted charge of a special mission, and has started for Khartoum. Gordon Pasha will be answerable only to the British Government as regards his expedition, and has not accepted any command in the Egyptian army. The " Pall Ma ll Gazette " says that England having in reality invested Gordon Pasha with supreme authority in the Soudan, it is necessary that Mr Baring should be given equal authority in matters of finance. London, January 19. —The homeward mails, via San Francisco, dated Auckland, December 12th, were delivered to-day. London, January 19.— The "Times" today announces that ac a result of the recent Conference at Sydney, the British Government will probably undertake the maritime defence of New Guinea. London, January 19. — The s.s. John Elder took 100,000 sovereigns, and the s.s. Mirzapore 300,000 sovereigns for Australia. The heavy gold export to Australia is stiffening the money market, and the secrecy attempted to be observed about the matter has produced unfavourable comment. It is inferred that the Australian banks have run short of gold owing to the operations of the new loan agencies. The Union Bank of Australia (Limited) and the Australian Mortgage Company have each shipped 200,000 sovereigns, and the total withdrawals of gold for Australia has reached the most unexpected amount of one million, London, January 20.— 1t is reported that there are 15", 000 unemployed in the city of Paris, and violence is threatened, Senor Castello has formed a new Tory Ministry in Spain, the policy of which is unfavourable to the English treaty. Marshal Guisata, a personal friend of the King, is Minister of W ar. The " Times " says that England should undertake the maritime defence of New Guinea if the colonies will become jointly responsible for the Europeans on land. The " Economist " considers that the colony of Victoria is in a favourable position, and whatever may be the faults of the administration the colony cannot be considered at all overwhelmed with debt. Australian wheat cargoes have been sold at 435 ; but the present value to London direct is 41s 6d to 425. Rome, January 17.— The Propaganda has selected Bishop Moran as successor to the late Most Rev. Roger Bede Vaughan in the Archdiocese of Sydney. Madrid, January 17.— The Spanish Ministry were defeated in the Cortes last night by a large majority, and demanded a dissolution, and threatened to resign unless an appe|| to the country was granted. MadSld, January 18.-— A new Ministry is being formed by Senor Candyas, The

present crisis! lias arisen in consequence of disunion having occurred, among the members of the Liberal party in the Cortes. Host) Koxu, January IS. —lt has transpired that, yielding to British representatives, tho Chinese Government ha? suspended operations for blocking' Canton lii\ or with torpedoes. Cat no, January 17. — The latest news to hand from the Soudan states that tho insurgents have cut oft 1 any possiblo retreat of tho Kjyyptian garrison from Sennaar, and have blocked the river Kile below Duem. Cairo, January 10. — The Minister for War has abandoned the journey uhieh ho proposed to make to Khartoum, in order to supervise the evacuation of the town by the Egyptian garrison. The statement made yesterday that a colonel of the Egyptian army was about to raise a corps of Albanians for tervice in Egypt is not correct. Cairo, January 19. — Ko furthei intelligence is to hand from the Soudan. Tho telegraph lino from Upper Egypt to Khartoum has been cut by vebol Arabs. ISew Youk, J uiuary It). —The steamship City of Columbus, bound from Boston to Savannah, has been Avrecked, with great loss of life. According to tie lalc&t intelligence, 1:20 per-ons were drow ned.