AUSTRALIAN CABLES.

Feilding Star, Volume XVIII, Issue 26, 30 July 1896, Page 2

AUSTRALIAN CABLES.

(Per Press Association). Melbourne, July 29. The Treasurer said last year's railways showed a profit of 1:888,500 on workirg, but, counting interest, they were short by £362,501). He estimated the I rcveuue for the coming year, excluding I railways, at 1*4.078,000, aud the exp«ndi Hire Ht £'3,788,000, leaving a surplus of 4290,000, of whicli £'250,000 would be required in reduction of Treatury bonds and railway deficit. It was intended to expend during the next Jew years over a million and a quarter on public works, including improvement in the railway lines. £150,000 would be spent in developing the mining industry. The money would be raised by local loans. Sailed -Wakatfpu, for the Bluff. This Day. A meeting of shareholders of the Commercial Bank sanctioned the alterations in the Articles of Association necessitated by the reconstruction scheme. Pkrth This Day. The Prettier introduced the Constitution Act Amendment Bill providing an increase of the Members of Assembly to 43 and Council to 34. ! Buisbaxk, July 29. ! In the Budget the estimated revenue for the past twelve months was L 3,467,880, 467 ,880 while the actual receipts were L 3.641.553. Taxation yielded L 1,566,000,, 566,000, being an increase of L 92.000 over anticipations, while the receipts were L 75.000 in excess of the , estimate. The expenditure was estimated at L 3,331,503. while the uctual amount expended was L 0,567,947. The surplus | would be handed over to the trustees ap- j pointed last year, for the purpose of the extinction of public debt. The Stock Inspector has received a private lettter stilting 'that the Goyerninent of New Zealand prohibits iho importation of Queensland's hides till they learn a little more about the disease from which the cattle are suffering. This resolve is in consequence of hides arriving in the colony covered with ticks. Sydney, July 29. Sailed — Tarawera, for Auckland.