AUSTRALIAN CABLES.

Feilding Star, Volume XV, Issue 233, 7 February 1894, Page 2

AUSTRALIAN CABLES.

RICH FIND OF SILVER AT BROKEN HILL. | Per Press Association.] Sydkey, February 6 The Broken Hill Consols mino has struck a fine pocket, consisting almost entirely of pure silver. This Day. The City Council has decided to prohibit the system of subletting of municipal contracts. Bhisbane, Thi3 Day. The search for the missing boat from the foundered steamer Kanahooker has been abandoned. Melbourne, February 6 At tho half-yearly meeting of the Bank of Victoria, the net profit was shown to be Jt'Bl,ooo. A dividend of 5 per cent on the preferential shares and 5 per cent; on the ordinary shares, was passed, and the sum of £4900 carried forward. The liabilities of the firm of Phipps, Turnbull and Co., importers, are set down at £16,800, and the assets at £3000, This Day. The Premier has addressed a letter to the other Premiers suggesting as the prosperity of Australia is largely dependent on the k cheap exportation of products, representatives to the Postal Conference in New Zealand should be instructed to give the question of the mail contract, and the transport of products at low rates in connection with it, their first attention and greatest prominence. The co-operative principle, which was tried at the Kardella village settlement, has been a failure, and a deputation of the settlers who waited on the Minister of Lauds, stated Home desired to work independently, while others are willing to continue the co-operative principle. The Minister recommended them to come to some agreement amongst themselves, and then he would see what could be done to subdivide the land.