Denton and Haughton Examiner, etc. — 1888-09-22 (Denton, Greater Manchester, England)

THE FINANCES OF RUSSIA. ENORMOUS ISSUE OF CREDIT NOTES.  An Imperial ukase, addressed to the Minister of Finance, has just been promulgated, authorising the Imperial Bank of Russia to issue credit notes as the necessities of the currency may require, with the reservation that the previous assent of the Minister must be obtained, and on condition that the issues shall be guaranteed by the deposit of gold which belongs to the State Treasury and the Imperial Bank. The deposits must be handed over to the issue department and placed to a special account in which the amount of the metallic value as well as that of the credit notes will figure according to their nominal value only. The notes must not be withdrawn until the position of the market permits it, and only after the withdrawal of the credit notes may the gold deposited as guarantee be returned into the State Treasury of the Imperial Bank. 'fo the above ukase is appended a report of the Finance Minister, which rays : "As there is at the present time reason to expect that the extent of the existing currency will soon no longer suffice for the requirements of commercial transactions,which have already increased considerably and will increase still more, I have decided to carry out the measure provided for in the ukase, and I fix the amount of the notes to be issued this time at 15,000,000 roubles. To this end I have given the following instructiors to the Imperial Bank : From the gold belonging to the Imperial Treasury,which at present lies in the Imperial Bank on account of the metallic currency, coin to the value of 15,000,000 roubles is to be taken away, and when the amount has been verified at the bank in the presence of the Assistant Finance Minister by the revising committee and by delegates of the bourse committee, and of the foreign merchants established in St. Petersburg, the sum named is to be paid over to the issue department as a deposit, and the issue of credit notes to the amount of 15,000,000 roubles, for the purpose of strengtlening the available resources of the Bank, is to be proceeded with. This issue is guaranteed by the previous payment of the nominal amount in coined gold into the issue department. As soon as the amount of credit notes in the hands of the bank reaches a figure which the directors of the bank deem sufficient to make the withdrawal of the credit notes appear expedient, the directors shall immediately ask the Finance Minister for the necessary authority, and as soon as the withdrawal has been effected the guarantee deposit shall be held at the disposal of the Imperial Treasury."  AN explosion occurred the other day on board the Cork, Blackrock, and Passage Railway Company's steamer Glenbroke, but fortunately it did not result in loss of life. The steamer was engaged in carrying passengers, and after leaving Crosshaven she had not proceeded far when the pipes leading from the steam chest to the boiler burst. The engineer and one of the stokers were badly scalded. Subsequently the disabled vessel received assistance from one of the company's steamers, and later in the day was towed up the river for repairs.  •Lnweranswr EDLONDS, of the Northern Division of Royal Artillery, in charge of a detachment at Bovisand, near Plymouth, committed suicide the other evening by shooting himself with a revolver. The deceased was a member of the court which recently inquired into the fatal accident at Bovieand, where two men were killed and four injured through the blowing out of the breechlock of a gun,