AUSTRALIAN

Hokitika Guardian, 18 May 1922, Page 3

AUSTRALIAN

AUSTRALIAN AND N.Z. CAULS AHHOi IAI lON

SYDNEY CITY COUNCIL. SYDNEY, May 17. Sir G. W. Fuller, referring to the recent reiterated request by the City Council for a Royal Commission to inquire into civic affairs, states that it is. impracticable to appoint one for an inquiry over the whole period o* Ii , .a.-s, but lie will acquiesce if a special period is stated. CO-OP. COMPANIES. SYDNEY, May 17. The Common wealth High Court today delivered a decision affecting cooperative companies in an important way as regards restraint of trade. The Court has upset a Lower Court’s decision. The Higli Court holds that, whore members to supply all their produce to the company for a long period, the rule is invalid, and is in restraint of trade, unless a member can cease to become a member whenever lie pleases. In this ease, the defendant’s share was lint fully paid up, however, so lie could not get out when lie pleased. The decision is the first of its kind given in Australia liv the High Court. GOLD REEF DISCOVERED. SYDNEY, May 17. ' Rich gold-bearing reefs have been dis covered at Muriel Tank, near Canbelgo.

VICTORIAN RACES. MELBOURNE, May 17. The entries for the National Hurdle total 78; and those for the Nations Staples, 66. I.ochella and Kohu are in eluded in both events. CONGREGATION AI AST UNION. SYDNEY. May 17. The Rev. Warner, of New Zealand was elected vice-president of the Aus tralsinn Congregational Union. HABAES CORPUS REFUSED. SYDNEY, May 17. The Banco Court refused the application on behalf of the two French prisoners for a rule nisi for a writ of habaes corpus on the ground that there was no illegal detention. FAIR RENTS COURT. SYDNEY, May 18

The quarter sessions of the Appeal Court refusing an appeal against the decision of the Fair Rents Court, ruled the* latter’s decision were final.

A COMPANY’S PROFITS. SYDNEY. May 18.

Sir James Burns presiding at the | annual meeting of Burns Philp Com- j pnny, said there had been a diminution i of two million sterling in the turnover ' l ist year. The reduction was niaiiil*- j due to reduced values of exports and j imports, and lessening prices. The net j profit equalled two per cent on t• j total easli receipts for the year. T l '" j future was regarded as uncertain, in j view of the fear of strikes and tin- I settled European affairs. TDK BASIC WAGE. SYDNEY, May " Cabinet decided that regulations g.v- |

citing the new wage were insufficient j and accordingly decided to approach the | Arbitration Court for an award of £3 , l*t s from Ist July. It is understood • j move will he made to secure a reduc- j lion in the cost of commodities and > public utilities, particularly where , <ost had been previously increased on, recount of increased wages.