, 1891-04-25

furnishes a fresh proof that the Imperial 2
Bank. even in difficult circumstances, IS 2fulya
equalto the credit demands made upon ut.
Has the Emperor got 9 currency " view
Of his own, as he has an educational vIewf
In this country recently, the Ohanceilorot
the Exchequer praised the Bank OF England.
and M. Rouvier only last week extolled the
Bank of France but a testimonial given to-
a Bank by a great Sovereign has hitherto
been unprecedented, 1t would be moreadig-
nifed. one would think, even if the Emperor
understands all about "tufnovers,A - to- leave
the appreciation of such results to be express
ed by the Treasury. 9 "a
A difficulty of some Importance has arisen
between the Hone Government and New.
foundland. The French are pushing their
fishing rights under the Treaty of Utrecht
with such energy, that the Observation-Disclosures
fear the loss of their lobster trade, and are
besides harassed by the French interference
with their use of the fshing-coast. The British
Government has endeavoured to purchase
French rights, but NJ. Ribot rejects alloffers
until the extent Of those rights has beenas-
certained. Lord Salisbury has therefore
agreed to an arbitration, and to modus viU6H-
d.. until the arbiters have given in their
award. To enforce this modWs UiUeHdi, it Is,
however, indispensable that our naval officers
on the coast of the island should have GER.
tain powers of coercion and as the islanders
declare these powers uncOnstltutlonal and
their local Courts support them, Lord Knuts-
lord on Thursday week brought in a Bill
authorizing such officers to obey instructions
from the Admiralty without fear of conse-
duences. The Newfoundla nders are furious,
and threaten a declaration Of independence.
We have discussed the situation elsewhere,
- -1-+sl, horN +ho+ +hiu ooyn4rx1
having accepted arbitration, has absolutely
no option except to awai5 it8 result, or to
declare the French attitude designedly In
friendly, q proceeding for which there is no
Just ground. as Lord Salisbury comedies III
so many words that the French have some
rights, whatever their extent over the lob
sters. The trade is worth TO Newfoundland
about 100000 a year.
1t is a little difficult to understand the
Italian position and aims in Africa. Broadly
speaking, she claims Abyssinia and the Somali
country down to With as her share and
on the Oath inst. Marquis Rudini and the
MARQUIS of Dufferin and Ava signed q protocol
settling limits to the south. Italian influence
is to stretch southwark to the mouth of the
Juba, the interior line running north
from that river till it touches the Blue
Nile. Italy appears, however, to have given
up her claim to K@assala, and the new Gov
eminent has 50 reduced the African expen-
diture that she can DO nothing for the pre-
sent to utilise the Convention. Moreover,
she is involved in a quarrel with King
Menelko of Abyssinia, which may turn out
serious. That potentate, who has some very
brave soldiers, interprets protection" to
mean only alliance, which is not the Italian
view at all. The truth is, we suppose, that
" r. Il r. S~~
territory and influence, but wishes also, 70
make them pay, directly and at once, which
is impossible. 1t would not surprise, US to
hear Of an offer OF the whole concern to 9
British Chartered Company. ba45a % gniai3 b4sY