AUSTRALIAN.

Globe, Volume XXIV, Issue 2675, 2 November 1882, Page 3

AUSTRALIAN.

By Electric Telegraph—Copyright.

[reuter's telegrams.] Eeceived November 2nd, 12.30 p.m. MELBOTJENE, November 2. Sailed—Yesterday afternoon, steamship Wairarapa, for Bluff. Malting barley is firm at 5s 2d to 5s 4d; wheat, weak at 6s Id ; New Zealand oats quiet, at 4s 2d to 4s 4d for feed, and 4s 4d to 4s 6d for milling. SYDNEY, November 2.

In the Legislative Assembly last night the Hon. James Watson introduced his financial statement. After referring to the increasing prosperity of the colony he stated that the revenue for the past year amounted to .£7,160,914, and that there was a surplus of £1,827,695. He estimated the revenue for next year at £7,356,200 with a credit balance of £580,351. He proposed to remit a number of specific duties on household requisites, andjbuilders' and manufacturers' materials. Further railway construction to the extent of 710 miles will be proposed, besides various extensions of the tramway system. It will not be necessary, as was supposed, to float another loan at the end of next year. The Treasurer concluded by stating that the revenue for 1882-83 may probably reach eight millions. BEISBANE, November 2. The Legislative Assembly has passed a vote of £70,000 for defence purposes. The estimate includes the purchase of two gun boats. Eeceived November 2nd, 1 p.m. MELBOUENE, November 2. Messrs Goldsbrough and Co. (Limited), during their recent wool auctions, have sold 5317 bales out of 7177 catalogued. There has been a large attendance of buyers, and brisk competition throughout.