AUSTRALIAN CABLES.

Feilding Star, Volume XVII, Issue 23, 26 July 1895, Page 2

AUSTRALIAN CABLES.

» PEB PRESS ASSOCIATION! Melbourne, This Day. Sir Graham Berry was examined before the Banking Commission, and warmly favoured a State Bank, making the note issue a legal tender, which would greatly relievo the gold in circulation, and it could bo kept as a reserve. There wa" no need, however, fora State Bank to keep anything like as large a reserve as private bank 1 :- It should bo started on safe lines, aud afterwards extendended to carrj-iug on the C?ed t launder system. This would greatly assist land holders, and increase the productiveness of the land. He believed had a State Bauk been in operation the late banking crisis would io a large extent liavo been moderated. The Imperial Colonial Defence Committee, at the request of the Victorian military authorities, forwarded a report adopted last year dealing with the floating defences and fortified ports of the colonies. It states that as long us the fixed defences remain incomplete floating defences helped to give security. Benson and Linsday have been committed for trial on the charge of setting fire to the Hilaria. Adelaide, July 24. The Premier (Mr Kingston), in a speech at Tannnda, defended the reciprocity treaty with New Zealand and the State Advances to Settlers Bill. He argued that the former was a Federal Act,, while the latter was onl.y hated because it would exterminate the Shylocks. The Premier has promised to introduce a motion roi* the adoption of the treaty with New Zealand on Tuesday. The report of tbe Hoyal Commission respect. ng the Northern Territory recommends that offers be invited for the eon strnction of the trans-continental railway on the land grant system. Two members of the Commission disagreed with the recommendation. Brisbane, July 25. The Premier delivered his Budget speech in the Assembly to-night. The revenue for the year is £"3,413,000, i-63,---000 more than the estimate. Tiio exponditure is £3,805,000, i.39,000 under the estimate. A portion of the surplus will be applied to the reduction of the funded debt of a million aud a half loan. This Day. Many of the men at Bowen Downs station are in a bad state though most of them are out of danger. Sydney, This Day. The cable repairing steamer Sherard Osborne left Singapore on Wednesday for New Zealand via Sydney. Perth, This Day. The Government having announced they will deal with the Education question this session, Mr Leak has withdrawn his adverse motion.