, 1908-02-26

799,6ia against 983,1l1 in the preceding
year. MI. Haldane said that further reduc-
tons we're impossible without ~endangering
consumption.
The naval estimates amount to 32,310.O 600
pounds. an increase of 100000 pounds. The
personnel remains unchanged, only one inn
proved D~readnonght is to be built instead
OF three, and half q million is allowed for
other construction. Lord Tweedmouth
remarked upon the progressive diminu-
ton OF expenditure since 1905 and definite
~ announced that the construction of q naval
base at Rosyth would be proceeded with and
will occupy ten years. There is no indi-
cation OF any authorization for the sug-
gested inquiry into the efficiency Of the ma
val administration
Sir Henry Campbell Bannerman promised
an opportunity to discuss Mr.. Macdonald
motion that the House, relying upon the
friendly relations with foreign powers an
nounced in the speech from the throne, trusts
that further reductions in the military ex-
penditure will be feasible.
In the House of Lords Earl Cromer at
tackled King Leopold's Congo administra-
uon. Lord Fitzmaurice, replying, pleaded
Tor time for further negotiations as q critical
point had now been reached, he reioiced
that Englands feeling was fully shared by
the United States and he regarded their
cooperation as most important, as the Unit
ed States were unapproachable for ambition
Or interest.
The Edinburgh Scotsman, and Dundee
courier both assert authoritatively that Sir
Henry Campbell Ba%nnermann is willing to
resign and serve under Mr.. Asquith.
A Paris despatch reports that the Cham
Der OF Deputies has passed a vote of conf
dence In the Government by 366 against
III, after M. Jaures had bitterly complain
ed that France was being increasingly en-
tangled in the Morocco adventure. Gen.
eral Picquart denounced the attempts of a
section OF the press to represent the recent
operations as a>series of defeats, only fifty
seven men had been killed in seven months,
two thirds of whom were Algerians.
A telegram from Rome states, that the
Senate, sitting as a High Court, has convict
ed Signor Nasi, ex Minister of Instruction, of
embezzlement of state funds, and sentenced
him to eleven months and twenty four days
imprisonment and to be disqualified from
holding office for four " Ears. The full SET
tence will not be served, as eight months
nominal confinement has already been en-
dured during his trial, which is deductable.
His defence was that the money was spent
for public purposes which it was inexpedient
to include in the public accounts.
Victoria, british Columbia, Feb. 25th-
Gold has been discovered at Wreck Bay, Sgd
ney Inlet, Vancouver Island. Millions of tons
are reported estimated to yield five cents q
pan or forty three dollars a ton on la mini
mum assay, and a miners stampede is antici-
pated.
Jamaica, Feb. 25th.-A fire occurred in
Orange Street, Kingston, yesterday morning,
causing damage estimated at three thousand
pounds.
New York, February 25th
Flo IL, Blended Clear per barrel 5.O5-6.15
Meal, Kindred, per barrel 3.25-
New Seasons Pork
HeavyMess Pork, s13a-144
Sugar jCrystals per d., 8 11-16
sugar Mnscovado 8sotest 8 3-16
Molasses Eng. Islds. per gal. no quotation
Liverpool Cotton middling Upland. 6 800
Exchange, New York & London, 60 days
sight 4.8Sh
Exchange NewYork and London, sight S4.86R
London. February 25th
Dem. Crystals It's 3D.. -18s d.
s,~or Muscovudo, floating terms, in
Se bond, 9s.3d-9s.6d
German beet 1871. o. b IS. 1O1d.
Java Sugar 5000 Gibraltar or Channel for
orders, floating TINS. los Sd
Demerara Rum, Is 24d.-1s.4d.
Cocoa, Trinidad, good middling Rec. nominal
pr cwt us.
Cotton. medium Fine s. I. at Liverpool 1s cid
Bank of England Rate of discount 4
Consols 81 &
Three per cent. Rentes in Paris 81.