EUROPEAN.

Te Aroha News, Volume II, Issue 58, 12 July 1884, Page 3

EUROPEAN.

London, July 2.— Consols have declined to 99§. The market rate of discount has fallen to 13s Sd, and is now at 5s Sd below the bank rate. New Zealand securities : 5 per cent, loan ]05i; 5 per cent. 1S89 loan, 103* ; U per cent. 1S79-1904 loan, 101£; 4 per cent, inscribed stock, 1OO£. Colonial breadstuff's' quotations on store are nnchanged viz. .-—Adelaide wheat, 40s ; New Zoaland, 34s to 40s ; Adelaide flour, 2Ss. Tallow : Australian average quality beef remains at 35s 8d ; ditto mutton, 37s ; stock in London to-day, 18,800 casks. London, July 2.— The Egyptian Conferonce continued its deliberations to-day. MiEdgar Vincent, financial adviser to the Khedive, recommended that the tax now levied on Egypt should be largely reduced. The reported resignation of Nubar Pasha, President of the Egyptian Council of Ministers, is authoritatively denied. The cricket match at Sheffield between the Australians and Players of England was centinued and concluded to-day, resulting in a victory for the visitors by six wickets. The agitation in favour of a subsidy to the German direct steamship service to the Australian colonies is increasing, and it is believed the vote will ultimately pass the Reichstag. The cargo of frozen mutton, ex steamship Liguria, has been sold at 5d per lb. The death is announced of General Francis Edward Todleben, the celebrated Russian military Engineer. London, July 3.— Arrived : Waitangi, from Lyttelton, March 10th. London, July 3.— In the House of Commons to-day, Mr Chamberlain, President of the Board of Trade, announced that he would not, during the present session, proceed further with the Merchant Shipping Bill. S London, July 5.— The death of the Rev. Thos. W. Aveling, pastor of the Kingsland Independent Congregational Church, is announced. The report of the Congress Committee advises the establishment in Canada of a Commercial Union similar to the German Zollverein. London, July 5. — A match between the Australians and a combined team from Nottingham and Yorkshire was played at Huddersfield, and ended to-day in a draw. The Englishmen made 255 in the first innings, to which Scotton contributed 101. The first innings of the Australians closed for 175, and having followed on, they made 124 for the loss of seven wickets. London, July 6.— Lord St. Leonards, who was committed for trial on May 8 foi- an indecent assault on a servant girl named Cole, has been sentenced to seven weeks' imprisonment. His Lordship having been in gaol since his committal, bail having been refused, his sentence was dated from that time, and he has now been released. The fate of Berber is still uncertain. Ifc is stated that El Mahdi is paralysed by the successes of his rival, the new Mahdi. The fall of Dongola is daily expected. The Governor's loyalty is suspected, and he is supposed to be intriguing with the enemy. The Arabs will advance after the end of the Mahommedan month Ramadan. Fire hundred Egyptians are stationed at Wady Haifa, the same number at Morosko, and three thousand with artillery at Assouan. The Souakim railway has been commenced. Fifteen deaths occurred at Marseilles and 11 at Toulon on Saturday from cholera. London*, July 7. — In "the engagement at Debbah, the rebel loss is estimated at two thousand. Tho cholera is still increasing, and at Toulon on Sunday 19 deaths were registered, while at Marseilles no less than 15 succumbed to the same disease. Dr. Koch, of Berlin, who has made a special study of cholera, pronounces that the disease -w Inch has broken out at Marseilles and Toulon is of the virulent Asiatic kind, and he declares it almost certain to extend overall Europe. A case of cholera has occurred at Paris, and a panic has taken place there in consequence. The Hon. Evelyn Ashley, in the House f Commons, announced that an additional Commander of the Pacific Mould be appointed, with a protectorate over New Guinea. London, July 7.— The steamship British King arrived from Lyttelton to-day. One death occurred on the voyage. It is announced that the appointment of a Resident Commissioner over New Guinea will, in the first place, be only for one j ear, the question of permanently appointing a British officer being deferred, pending the final settlement of the proposals of the Sydney Conference, and their approval by the various local colonial Legislatures. It is as yet undecided whether the adjacent islands in the Western Pacific will be placed under the supervision of the Commissioner resident in New Guinea. London, July 8. — Consols have advanced by 3s Sd, and are now quoted at par. New Zealand securities are unchanged. The market rate of discount has further declined to 1J, and is now £ below the minimum bank rate. Colonial breadstuff's — Adelaide wheat off coast is selling at 38s 6d ; quotations ex granary are unchanged. Australian tallow — Beef, average quality, 35s Gd ; mutton ditto, 37s. The Australian mails per steamship Iberia, from Melbourne, May 30, were delivered to-day. London, July 8. — The frozen meat, exs.s. British King, is realising from 5d to 5£d per lb. The exodus of the inhabitants of Marseilles and Paris is increasing. Rear-Admiral J K. E. Baird will succeed Rear- Admiral Algernon Lyons, in charge of the Naval Station in the Pacific. Paris, July 2. —No fresh outbreak of cholera has occurred, and it is believed that the precautious which have been taken -will prevent the further spread of the disease. Several deaths, however, are reported daily at Toulon and Marseilles. Another despatch says : — The spread of the cholera in Toulon is gradually increasing. Paris, July 2. —The French Government have demanded from China an indemnity of twenty millions sterling (?), on account of the recent action of the Chinese troops in opposing, by force of arms, the occupation of Langson by the French forces. Paris, July 3.— The Bill introduced by the Government for the revision of the Constitution of France has been finally passed by both Chambers. Paris, July 3.— It has transpired that M. Ferry has informed his colleagues that the Chinese Government has not disavowed the action of its officers in opposing the occupation of Langson by the French troops, but on the contrary, has admitted \ that it ordered the retention of the town, ' contending that its evacuation was dependent upon the ratification of the treaty concluded at Tientsin by Li Hung Chang and Captain Fournier, the French Commissioner. Paris, July 5. — Latest accounts to hand from Toulon and Marseilles state that the epidemic of cholera is increasing in these towns, the precaution taken to prevent its spread having been futile,

Twelve deaths occurred at Masoilles and eleven at Toulon on Saturday from cholera. In consequence of the spread of Cholera three-fourths of the inhabitants of Toulon have fled. Paris, July 7.— In the Chamber of Deputies to-day, M. Ferry, the Premier, made a statoment regai'ding the recent engagements betwoon the French and Chinese troops at Langson, in Tonquin. He announced that from the accounts which had been received by the Government it was clear that tho French force, which was going to occupy Langson in accordance with the treaty, had been led into a regular ambuscade by the Chinese. M, Ferry further stated that it was the intention of his Government to demand from China ten millions sterling as reparation for the outrage. It is currently stated hero to-day that the Government will order tho occupation of Foochow by the French troops, as a a guarantee for the payment of the indemnity to be demanded from China. Cairo, July 2. — Reports have reached here from Assouan that the town of Debbah has been attacked and captured by the Arab rebels, and that all the garrison were massacred. It is stated that tho Arabs numbered 12,000 men. Cairo, July 3. A report cuiTent hore yesterday that Berber had fallen into the hands of the rebels is now proved to have been without foundation. Cairo, July 7. News has been received to the effect that the Arab rebels attacked Debbah on the 1st inst. The garrison resisted the assault and repulsed the enemy. Heavy losses occurred on both sides.

("Age" Specials.) London, 26th June— The negotiations between the British and the French Governments as to the conditions upon -which the proposed Egyptian Conference is to be held have concluded satisfactorily. One of the terms agreed to between the two countries is that France shall never send troops without the consent of the English Government. Public dissatisfaction with the Government and their policy in Egypt is daily becoming more intense. In the House of Commons the supporters of the Government aie diminishing, but it is probable that the Opposition will remain quiet until after the conference on Egyptian affairs has been concluded.

j Bank of South Australia. The Bill which the Bank of South Australia has introduced into the Imperial Parliament for the extension of its charter is now before the House of Lords. It is opposed by the Treasury on the ground that one of its provisions is intended to limit the liability of shareholders in regard to the note issue. When the Bill was under consideration last night Earl Redesbale insisted that the liability of shareholders in respect of the note issue should be unlimited.

The Oriental Bank. The "Pall Mall Gazette " last night contained reference to the decision given by Justice Molesworth in favour of the local winding-up of the aftairs of the Oriental Bank in Victoria, and expressed the opinion that this decision would be reversed on appeal. The prospectus of the now Oriental Bank Corporation is now being issued, and it is expected that the Company will be floated next month.

Germany and Pacific Islands. Speaking in the Reichstag yesterday. Prince Bismark referred to the proposed annexation of New Guinea and other islands of the Pacific, and ridiculed the idea that the Australian colonies had any claim to monopolise them. The Berlin newspapers deny that England is entitled to annexe New Guinoa.

The South Australian Gunboat. The announcement that the South Australian gunboat Protector had sailed for Australia was premature. Every arrangement was made for her departure, but at the last moment it was found necessary to delay her departure for a month. She is now lying at Lifne.

Unpopularity of the Marquis of Normanby. The banquet to be given to the Marquis of Normanby does not promise to be a great success. The names of those who intend to be present are coming in very slowly, and amongst them is a notable absence of Vic torian colonists at present in England.