The Million Loan.

Thames Star, Volume XV, Issue 4685, 12 January 1884, Page 2

The Million Loan.

Tenders for the-New Zealand loan of one million sterling, bearing interest at the rate of four per cent were opened to« daj\ The total amount offered was found to be five millions. Tenderers at £100 5s will receive 54 per cent of allotment, and those above that price will receive,in full. The minimum fixed was £$8 10s. > .Hong Kong, January 11. Le Hung Chang, the Viceroy of China, arrived at Canton, and officially notified to the foreign Consuls, that the approaches to thejport of Canton are to bejforthwith blockaded by torpedos, but that a channel 90 feet wide will be left for the passage. of vessels along the river. The Eight Hon. H. C. Childers, Chancellor of the Exchquer, has informed the colonial Agents-General that the concession recently made to Spain with regard to duties on wine will be extended to the colonies. The communication states that a limit of' thirty degrees of spirit strength must not be exceeded, adds that the proposal of the Agents-General, that a sliding scale of duties should be adopted, will be taken into consideration.

London, January 11. John Herd and partner, of Liverpool, traders in corn on a large scale, have become insolventrand been arrested on the charge of fraudulent dealings. Cardinal Manning, Archbishop of West j minster, is suffering from indisposition. Salvage operations are being actively pushed on board the stranded steamer Duke of' Westminster. The vessel has not yet been floated. ■ Hongkong, January 10. A force of 2000 Chinese troops are about to be despatched to Hainan, as a corps of defence for the island against a possible attack by the French naval force, now stationed on the coast of Tonquin.

[Specials to the Pbess Association]

London, January 10. Telegrams received from Zanzibar state that the parleying between the Hovas and the French for a cessation of hostilities has failed. Truth mentions that Mrs Langtry has abandoned her intention of visiting the colonies. It is proposed to hold a World's Fair at San Francisco in 1887. There is a decided recovery in colonial stocks, and money is easier. The Exchange prefers that the whole of the Victorian loan should be placed in the market at once. Mr Murray Smith will deliver his lecture on Australia at the Colonial Institute on February 12. The Shaw, Saville, Albion Shipping Company have contracted to carry 200,000 frozen sheep during the present year. The sailing of the Victorian gunboats has been postponed until the end of this month. The latest information from Tonquin is to the effect that the fighting between the Annamites and the. French has been renewed, and that Hunghow has been evacuated. Pasha Gordon advocates the defence of Khartoum, and the retention of the Soudan as far east as the White Kile, and north to Sennaar.