CABLEGRAMS

Wairarapa Daily Times, Volume VIII, Issue 2213, 6 February 1886, Page 2

CABLEGRAMS

(l!Y EIiKOTR'.O TELEGRAPH—COPYRIGHT) Kkutrr's Telegrams. Sydney, February 4.

The Colonial Treasurer brought down his Budget in the Legislative Assembly to-night. . He estimates the deficit for the current year at nearly one million seven hundred and four thousand pounds. Ho proposed to lovy a tax of a half-penny in tho pound real estate capital, All banks and dividend paying companies, and all descriptions of goods stored, and probate duties will also bo increased, Mr Burns exnects to realise six hundred and fifty thousand pounds per annum from projected new taxation. London, Februaiy 4.

Tenders were opened to-day for a loan of £500,000, placed upon the market by the Melbourne Tramway Trust. The rate of interest is 4£ per cent, and tho minimum fixed at £lO4. The total amount o subscriptions was £1,300,000. Tenders at £107103 will receive 73 per cent of their application, above that in full. Sydney, February 5.. Sailed, this afternoon—Hauroto, for New Zealand.

London, Februaiy 5. Mr Gladstone has issued an address to the electors of Midlothian on the occasion of his coming before them in consequence of his assuming office, In the address he states it is the duty of the Government to carefully examine the social state of Ireland, more especially as regards the occurence of 'Agrarian crimes. Mr Gladstone states the chief hope and purpose of his Government will be to examine whether or not it is feasible to find some method of dealing with the crisis by going nearer to the seat of the mischief. Sydney, February o.

New Zealand wheat, 3s fid per bushel, decline of one penny; New Zealand oats' also one penny lower; Maize 2s 4d, BGlbs 3s 4d.

Adelaide, Februaiy 5. Shipping what is steady at 4s 2d; town fiour is quoted at £Blos per ton, London, Februaiy 4,

Consols are now at 100§. New Zealand securities are unchanged, as are also breadstuffs, tallow, and wool. At to-day's sales 11,100 were catalogued, The tone of the market was quiet but steady, 15,000 bales have befen withdrawn since the commencement of the series. Hides are in but limited demand at jj to J lower.

The total reserve of note and bullion in the Bank of England is £13,400,000, ard the proportion of reserve to liabilities 45 per cent.