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Waikato Times, Volume XIII, Issue 1165, 13 December 1879, Page 2

London, December 10. Lord Salisbury, m the course of a speech at Walfor.d, declared that ifc was impossible to establish a peasant proprietary m Ireland, which, although ifc rai^hb possibly ensure political safety, would be impossible to remedy the agricultural distress. 'Active business iii wool is expected after the now year. The Board of Trade returns report that the export of last month amounted to 17,062,500, showing an increase of 117,625, The New Zealand loan is quoted at £IOO£. St, Petersburg, December 10. The pacific policy of Russia is strengthened by a speech made by the Emperor m reply to a congratulatory address, m which he hoped that Russia would develope the resources of the country, and maintain paths of peace.. The Pall Mall Gazette has an article on the New Zealand five million loan, condemning- the gigantic borrowing 1 policy of the colony, alluding to the promisa not (o borrow for three years. It compares the condition to that of a drunkard promising to abstain from getting more stimulants until his stock is exhausted. Colonial debentures are dull, Madrid, December 10. Tho Ministry .has resigned m consequence of difference regardingthe reforms m Cuba. - A new Ministry lias been formed by Oandvas Castello. -