AUSTRALIAN NEWS

Dominion, Volume 8, Issue 2523, 26 July 1915, Page 7

AUSTRALIAN NEWS

FEDERAL WAR LOAN

APPRECIATIVE COMMENT BY, THE NEWSPAPERS. 1 By holograph—PrcJSs Association—ConTriVM.

Sydney, July 21. Tho newspaperte accept the war loan philosophically. They describe itas.a good investment, and predict that it will bo heavily subscribed for. The "Telegraph" says: "If the Government has erced in the matter of term 6, it lias been on the side of" liberality. Tlio loan represents an unproductive clubt of £8 per head of population as against England's £40. There is a Bet-off which at jcresent does not appear in concrete form'and cannot be treated as a negotiable asset. This is,the enormously increased prestige of Australia, which it will enjoy at'the conclusion of the war."-, ■ . ' The newspapers, in special articles, strongly press thie need for publio and private economy, and tlie devoting of savings to war purposes. PROSPECTIVE PROBLEMS. Melbourne, July 24. Senator Millen: declares that £74,000,000 will have to be raised by loan or taxation in Australia in the next twelve months, and with no guarantee that existing loans : will be renewed, which greatly accentuastcd the seriousness of the financial position. WAR CENSUS BILL THROUGH THE SENATE. Melbourne, July 24. Th'o Senate lias,passed the .War Census Bill. EMPIRE'S. WAR ANNIVERSARY. TO BE MARKED BY RECORD RECRUITING IN SYDNEY., Sydney, July 24; ■ To mark the anniversary, of the commencement of the war, the Government has decided on strenuous, efforts to mako August 5 a record recruiting day. It is' now claimod that New South August 5 (? 4) ia record recruiting day. erages is due to the inclusion of men from. Broken Hill,- Riveri.ua, and the Northern Rivers in the lists of tlie three adjoining States: y FREIGHT FOR SURPLUS WHEAT. A TASK FOR TWO SHIPPING COM- ': ' PANIES. Melbourne, July 24. Under an arrangement with the wheat producing States the Federal Government has placed the providing of freight for the surplus wheat in the hands of the Elder Smith. Company and theGibbs, Bright Company, who are confident of securing sufficient shipping to meet all requirements. ' . \ PRIZE SHIPS AS PROFIT-EARNERS. - M elbourne, July 24. Seventeen German prize ships .in Australia, whicii have been utilised as transports, earned £300,000. ATTEMPT TO TRADE WITH THE ENEMY. DRUGr IMPORTER FINED. ; - Sydney, July 24. 'A city drug importer has been fined £200 for attempting to trade with the enemy. ANOTHER MINISTERIAL SUIT FOR LIBEL, SENATOR PEARCE FOLLOWS FEDERAL PREMIER'S EXAMPLE. : . ' (Rec. July 20, 3.45 p.in;) Melbourne, July 25. Senator ]?earce (Federal Defence Minister), has issued a writ claiming £1000 damages from James Spencer for alleged slander on tlie sanie occasion as that which led to Mr. Fisher's writ against the same individual. [The allegation suggests that an offence had .been committed which would prejudice tho holding _of Mr. Fisher's post as Federal Premier.] ITEMS IN. BRIEF. 'AUSTRALIA DAY FUND. '. (Rec. July 25, 3.40 p.m.) i Sydney, July 25. The Australia Day Fund has topped £100.000. . ' : ' ■ . "BRISKETS" FROM QUEENSLAND, (Rec. July 25, 3.45 p.m.) Brisbane, July 25. The State Government has stopped tho 'meat companies exporting "briskets"- to i the other States... 'ZINC CONCENTRATES FOE AMERICA. (Rec. July 25, 3.45 p.m.) Melbourne, July 25. The British Government has granted permission to the Amalgamated Zinc Corporation to export 50,000 tons of con- 1 centrates to the Edgar Company of America, at £9 lis. 6d. per ton, THE MAKING OF HIGH EXPLOSIVES. ; (Rao." July 25, 3.45 p.m.) Melbourne July 25. A munitions sub-committee has been appointed to inquire into tho possibility ot producing tohieno, one of tho principal essentials required for the manufacture of high explosives, in.Australia.