CALOGRAMS.

Thames Star, Volume VIII, Issue 2848, 1 April 1878, Page 2

CALOGRAMS.

(Rectib's Special to Phess Agbhcy.)

THE "WAR.

London, March 28.

Lord Derby has resigned. He approved of the policy of the Cabinet regarding the Congress, but not of calling oat the reserves. ,

Lord Bcaconsfield defended this on the ground that it was intended as a measure of necessity for the peace and security of the empire.

The Papal allocution approvei of the past papal policy.

At a special Cabinet held to-day to consider the Russian reply to British demands, Sir Stafford iVorthcote stated in the Commons that Russia's reply, received yesterday, adhered substantially to previous declarations to the effect that the signatory Powers may raise such objections as they think fit, but Russia reserved full liberty either to accept or decline the discussion. This, added Sir Stafford Northcote, naturally closed all further diplomatic correspondence on the subject.

Lord Beaconsfield explained in the Lords that Lord Derby's resignation was consequent on the warlike attitude which it had become necessary for England to assume. He also expressed a hope, now that all probability of the assembling of a Congress had ceased, and the balance of power in the Mediterranean was disturbed, that the advice tendered by the Govern* ment to the Queen to call out all the available reserves, would be thoroughly approved. March 29. The Marquis of Salisbury succeeds Lord Derby as Minister for Foreign Affairs.

Lord Beaconsfield said the Government policy was not aggressive, but to be prepared for war while they hoped for peace.

The Opposition was expected to resist tho calling out of the reserves.

The ascendancy of the Premier in the Cabinet causes a check to General Iguatieff at Vienna.

Count Andrassy is attempting to reconcile England to liussia.

The Bank of England has raised the official minimum to 3 per cent. Semi panic on the Stock Exchange owing to the political outlook.

Consols extremely depressed, failing to 94|.