NEWS BY THE MAIL.

Temuka Leader, Issue 2732, 1 November 1894, Page 3

NEWS BY THE MAIL.

The Times, of September 17th, says—- " The new treaty between Great Britain and Japan fixes the duties on all articles imported into Japan exceeding an annual value of 50,000,000 dollars at a slightly increased rate, while Japan retains the right to fix her own tariff ou articles of lesser value. The treaty will be in force for twelve years, and in reiurn for these concessions the whole of Japan will be opeued to British trade and industry as soon as foreign jurisdiction is abolished, hi tho meanwhile British merchants may travol through tho country and prospective arrangements for *"" iV( j e » The Manchester P' fl » Cfl ; al ' Bharo . holders mot nriug thc week onding fceptem , or lgt> when iho fi uanc i tt i res ult °. tho iirst half year's work was seen. Tho total net revenue from the tolls on tho cauai amounts to £19,000, and the total net revenue from all sources to £35,000. Tho interest due ou debentures is £150,000. There is, therefore a deficit of much more than £IOO,OOO to be provided for. The Company has uuappriated resourcos amounting to £450,000, and can meet the interest duo easily Oiiough. These resources consist, however, of tho balance of tho last Corporation loan and of the reserve fund, ou both of which there are heavy calls for construction purposes and further half yearly interest payments ovor and abovo the revenue. The Directors, nevertheless have contidonco in a return. Thoy are- at proaent engaged in u bitUr cou •

troversy with Liverpool, which takeß the form of rate cutting. Liverpool hostility to the Manchester Canal is unmitigated. They are at odds with the railways also, between which and the Manchester docks there is at present but a Bingle connection. The Directors, however, are far from despairing, and the shareholders do not ! seem to have raised the slightest complaint at this meeting, distant as the day of dividends must be. The report was unanimously adopted and the Chairman's salary increased. The London Daily News of September 9th says that one of the wealthiest iron and steel manufacturers in England states that he and several of his friends are so satisfied with the prospects of tin plate making in the United States that they are forming a private company t-> commence business on a large scale. English purchasers complain of the high price of Californian fruits. This is caused by the high rate for transport. The railroads and Bteamship companies are the only parties who are sure of any profit from Californian fruit. The dealers aay that an English consumer must either be satisfied with his own fruits or pay American prices for ours. Callifornian shippers have lost steadily.