AUSTRALIAN NEWS.

Feilding Star, Volume XIII, Issue 16, 6 August 1891, Page 2

AUSTRALIAN NEWS.

1.P38 UNITED PBGSB ASSOCi A.TION. j h Adelaide, August 4. The ship Theophane, 1519 tons, I Captain Nelson, is ashore on the Sir i Joseph Bank's group in Spencer Gulf. . The vessel is full of water, but there is no , immediate danger of her breaking up unless stormy weather sets in. The crew are safe. The Theophane recently arrived ' at Port Pirie from Hamburg. [• Hobaut. This Day. I Many cases of grave hardship have , been caused by the failure of the Bank of \ Van Dieman's Land, especially among the shareholders. The chairman said no doubt overtrading was the principal cause s of the smash. The bank had only ad- ' vanced £10 on mining ventures, chiefly by the security of mining grants, and ; only i>sooo was advanced against scrip. ! Another director estimates that the loss. * even at the worst, will not be more than £15,000. Eepresentatives of the Union i Bank and Bank of Australasia have arrived here to investigate affairs. The [ English Banks are willing to assist to > prevent anything like a financial crisis. \ There is no panic, and mining stocks are \ firm, holders declining to sell. i Sydney, This Day. The Sydney Morning Herald says Mr Ballance's opposition to Federation is ap--1 patently founded on his inability, or un- [ willingness to recognise any connection ' between the interests of N.Z. and tha other Australian colonies. ! Nearly all the local officers had risks ' on the cargo of the steamer Wallarah, ' which was wrecked near Capetown on her maiden voyage to Australia. Bbisbane, This Day. The Queensland Assembly agreed to the clause in the Postal Bill imposing postage on newspapers, by 38 to 10. Melboubne, August 5. Sir B. O'Loghlen's amendment to exclude New Zealand from the Australasian Federation was negatived by 35 to 27- ( The eh lef argument used in its favonr was t!iat if New Zealand were included it would injure Victorian farmers. Mr Patterson advised Sir B. O'Loghlen to take a broader view of Federation than was involved in a bag of oats.