AUSTRALIAN CABLES.

Feilding Star, Volume XVI, Issue 184, 4 February 1895, Page 2

AUSTRALIAN CABLES.

SIR HENRY PARKES ON FEDERATION. THE COMMERCIAL BANK OF AUSTRALIA, VICTORIA 1 * REVENUE. (Per Press. Association.) Sydney, February 3 In the course of an interview with a representative of a local paper, Sir Harry Parkes said the Federal Council, though unfortunately constructed, was a tangible reality, whilst the Conference of Premiers was mere vapour, and very foul vapour at that. He thought it certain that no Australian Parliament would ratify what it proposed. He thought if placed in cap* able hands the federation of the Australian colonies could be easily effected. This Day, With a view to retrenchment it is understood the Civil Service Commission will recommend the introduction of Linotype machines into the Government Printing office, which, it is claimed, will save several thousand pounds a year. Melbourne, February 3. At the meeting of the Commercial Bank of Australia, Mr Service stated that a reduction of £20,000 had been made in the annual expenditure and the assets and realisation account bad bten reduced by nearly £700,000 The liabili> ties of the new bank were i: 1,000,000 and the assets £4,800,000 all of the latter being sound. The Bank had anticipated extended deposit receipts since the reconstruction to the extent of nearly half a million. The business of the institution was good, and the rumours as to the stability of the bank were without a shadow of truth. : This Day. The railway revenue for the six months ended December 31st shows a decrease of £70,400 compared with the previous year, but the expenditure was reduced £51,500. It is expected that by the end of the financial year the Joss in revenue will be made up by the saving in expenditure, i One-eighth of the Gulf of Bothnia's shipment of cattle died, and the others are likely to follow them as they refuse to eat the dry feed. J. Cloustan won the amateur sculling championship of the colony.