AUSTRALIAN

Ashburton Guardian, Volume IV, Issue 795, 17 November 1882, Page 2

AUSTRALIAN

[rk.OXEr’s TELEGRAMS—COPYRIGHT.] ' Wool. Melbourne, Yesterday. The New Zealand Loan and Mercantile Agency Company during their wool sale for the past week have catalogued 2,230 bales, comprising some very choice clips. There has been a large attendance of buyers, and a brisk competition fot the lots offered. The high prices realised earlier in the season were fully maintained, to the satisfaction of the growers. Good sound w.ellgrown wools continue to command- extreme rates. During the week 2,000 bales have been sold, the balance being withdrawn. A marked feature in the sales for the present season has been the attendance of a large number, of buyers operating directly on behalf .of various Home and Colonial factories. Middlemen and speculators have found themselves compelled to stand aloof. The Victorian Loan Proposals. In the Legislative Council to-night, Sir Bryan O’Loughlen stated that he was willing to modify the Loan Conversion Bill, and provide for three Bills in its place—one for a loan of L 3,800,000, one for an inscription of the stock, and one for a small loan to be raised in the colony for certain necessary public works. The House, it is undersrood, generally of . the Premier’s amended proposals. . [Received Nov. 17,1 p.m.] Fully Confirmed. Melbourne, To-daj.. The statement recently current that the Hon W. J. Clarke will be shortly created a baronet is now fully confirmed,

' A Crisis Averted. At a late period of last night’s sitting in the Legislative Assembly Sir Bryan O’Loughlen’s motion for the modification of the proposal *e loan conversion was carried, and the threatened crisis has consequently been averted. Defeat of the N-S. W. Ministry. Sydney, Yesterday.In the Legislative Assembly to-night tho debate on the second reading of the Land Act Amendment Bill was closed, and on going to a division the Bill was rejected by 43 to 33 In consequence of the result of the division, the Premier, Sir Henry Parkes, moved the adjournment of the House, which was agreed to. It is generally believed that the Ministry will resign in consequence of its defeat.