AUSTRALIAN TELEGRAMS.

Hawke's Bay Weekly Times, Volume 1, Issue 46, 18 November 1867, Page 286

AUSTRALIAN TELEGRAMS.

; SYDNEY; ; October 25. , The Governor has given his assent to the Eederal Council Act, the Post Office Laws Amendment Act, and the Volunteer Forced Act;; and the latter came into operation; on the 11th inSt. • • ... V The colony is once more passing through a Ministerial crisis, the Government having been defeated by 32 to 30 on :!the second reading of thef Land Bill.: 1 The Ministry asked for time for deliberation, and at the reassembling of the House yesterday the Premier, Mr Martin, stated that the Government would consider it to be its duty to retain office until met by a direct of: want of confidence. The leader of the Opposition has given notice of a motion expressive of want of confidence in the Government, which will come on : for discussion to-day. .Upon the resumption of the financial debate, the budget was agreed to without division. . The Legislative Assembly has affirmed the expediency of borrowing 1,000,000, for the purpose of completing the railway lines already sanctioned. The Chinese Immigration Act Re peal Bill has passed both Houses of Parliament. The sentence of.death passed upon Bertrand has been commuted to imprisonment, for life, with hard labor, the first three years in irons. The south and south-western portions of tlie colony have been visited by heavy floods, but in other parts the weather has been dry but exceedingly warm.. The, A.S.N. Company’s s.s. Telegraph, the fastest Ocean steamer on the coast, has been totally lost. No lives lost;

:■. Bonded and other stocks of imported goods,, are . considerably reduced, and trade gives' indications of greater activity ; but there is an entire absence •of confidence’in the'markets, aud buyers restrict operations to the smallest quantities suitable for trade requirements.

The new wool clip is coming in freely. The Queensland grown is mostly affected by seed, but New South Wales wool is. moderately clean and well;grown, r The few sales already made show about ope penny decline on the opening rates of last year, and there are several lots in the market on which a greater decline will be submitted to. .

Tallow is from 20s to 30s. lower, owing to high freights.