AUSTRALIAN NEWS.

Akaroa Mail and Banks Peninsula Advertiser, Volume V, Issue 475, 11 February 1881, Page 3

AUSTRALIAN NEWS.

(By TKI.KGUAPiI)

Special to Thk Mail

Sydxry, Feb. 10

The ITon J. Watson, Colonial Treasurer, introduced his Financial Statement last night. He estimated the revenue for this year at L 5,440,000, and the expi'tiililuru at L 5,232,000. No material changes are proposed in the estimates of expenditnre,exeept a reduction of one-third in the Immigration vote Mr WnteoTi announced that the railways of the Colony art , paying 4-| per cent on the capital sunk in their construction He disclaimed any intention on the part of Government to raise a new loan in London at present, but stated that a loan for LCOO,OOO possibly be issued in the colony at an early d^te

SIKLItOUI!NK Feb. 10,

The following aiv. some fivthcr Exhibition i , wards :—Clnrles Fulton of Blenhiem for flnx ; Edward Shccdy of L) lined in for hams and bacon.

Feb. 10.

Per Merchant Shipping mJ Underwriter's Association, London, Feb 8 — Arrived—ship Lyttelton, from Tort Chahner?, Nov. 15; Crusader, from Lyttelton, Uov. 17; ileltfi Denny from Auckland, Nov. G.

From the Lyttelton Times.

Mkmjoukne, Fub. 8

Mauritius advices to Jan. 28 report that engagements of sugar for Adelaide amount to -455 fcrms; for Hobson's Day to 2500, but tonnage lias not yet cleared, The market has a hardening tendency in consequence of decreasing stocks of sugar.

The election of a member for East Melbourne, in room of the late Mr A. K. Smith, took place to-day, and resulted in the return of Mr Walsh, Constitutionalist, by a large majority,

IVkth, Feb, 8

Nf ws has been received that a cyclone of most severe character has vistc d the town of I'oeburn, in the north-west of this Colony, the site of the pearl fishery. Twelve bo its used by pearlers have been totally lost.