MONETARY AND COMMERCIAL.

Temuka Leader, Issue 2540, 10 August 1893, Page 1

MONETARY AND COMMERCIAL.

London, August 6

The provision trades gave a dinner recently to Mr Wilson, the Victorian rsp:resentative, at which Sir A Clark, who presided, said that igiiQriynt writers cast slurs on the Qoiyniesi because of their debts, forgetting that the money was expended in developing country, establishing dftiry and other industries, mil rendering the position, geoiw. Mr Wilson said that Victoria produced bnUor to the value of £1,000,000 annually. She possessed the largest factory in the world. He was convinced that QODRiguees were honest. Cool storage unlit be provided, in order to, '4y^ i nlate the market and preserve uniformity in price. Tallow, medium mutton and beef, both 265.

The English whipat market is lifeless, the Continental dull 3 and the American depressed. The cargoes of wheat, ex Beechdale mid Cordillera, from Lytielton, were «oki at, about 3d and 24s Gd respectively. Tiie London Chart' Bank reopens in the colonic; ',>n Monday, and in London 0,.i Tuesday. August". 'i ho Calcuita correspondent of the Times says that the efforts have failed to farce the rate of exchange for the rupee below Is 3Ad.

Washington, August 7

Somytor Bland will introduce a Bill providing for the repeal of the Silver Purchase Act, and substituting- a free coinage of gold and silver at u ratio of 1G to 1.

Bkikjunh, Augusts. The Royal Bank of Queensland has reopened. MKLr.ouKNE. August 8.

The finance Committee of the Metropolitan Board of Works recommend the withdrawal of the balance of the 4£ per cent loan for 10 years with a minimum of 98. Tenders will close on September 7th. The Government propose to reduce the.

rate of in tare <t ou deposits in the Savings Bank to 3J per cent. The committee appointed by the English creditors in Goldsbrough, Mort and Co's estate have unanimously agreed to the modified scheme of re-construction, with a Hritish representative on tho colonial directorate.

The complete returns of the cereal crops for the year show the yield of wheat to be 14,814,000 bushels, of oats 4,574,000 bushels, of barley 774,000 bushels, of potatoes 142,000 tons, and of hay 740,00 tons. The yield of wheat averaged 11.04 bushels per acre, and of oats 25.75 bushels per acre.