AUSTRALIAN

Hokitika Guardian, 24 May 1922, Page 3

AUSTRALIAN

I j AtbUIALIAN AND Is.Z. OAtll.B AS.,I,NATION

- ' GOLD RUSHES. 1 ' SYDNEY, May 23. Sydney speculators are investing in ; , Lhc Muriel Tank gold find. They are i dispatching several parties to the field, j Another strike is reported from tne j town of Young. A gold reef has been i iii n.-ered at Bribaree, 30 miles west I o, the town. A rush for miner’s rights I lias set in. ' LITIGATION OVER WOOL SALES. SYDNEY, May 23. 'l'lie hearing was commenced of what is known as the Wcoltops Case, . in • which the Commonwealth and the Coiij trnl Wool Committee are proceeding I 'if gainst the Colonial Splinning and Weaving Company. Ltd. The plaintiff’s claim is for money allegedly due by the defendant company as license 1 fees for allowing the company to sell : wooltops to foreign countries. Two ; hundred and fifty thousand is claimed ias damages for breach of agreement. I and for £2B2,(XX) paid by plaintiffs conI ditional upon sue!) release, i A cross action is indicated involving ! about £1 .ODO.OfK) in which the defendj ant company alleges the Commonwealth | Government to be guilty of breaches of j agreement in refusing to consent to I any further sales of wool-tops except j on conditions which give the Goverti- | ment a greater share of profits from I the company’s operations than they are ! entitled to. | CITY ECONOMY. j (Received this day at 8.30 a.m.) j SYTINEY, Mnv 21. j With a view to securing economy and j better and more efficient control, biisiI ness undertakings iun by the City I Council are in future t:> be conducted j on strictly commercial lines. A start j has already boon made with the elcoj trieal supply, liv which it hoped to I transform the present substantial loss j on working to a profit, without inj creasing the cost of current. As an example of the expensivencss of the existing system, an alderman declared under public tender, instead of the present einlhods, the cost of cleaning the city could be reduced by fifty thousand annually.

BROKEN HILL. SYDNEY. May 21

An exhaustive report on the geological survey of Broken Hill milling field extending over four years, states the outlook for a long life of the mines on the line of the barrier lode is good. It is estimated twenty million tons arc available, which on an assumed depletion seven hundred and fifty thousands tons yearly, will give a life of twentysix years to Broken Hill, with its present populations. The report indicates the probability of development of the mines, prospecting disclosing furthe'extensive reserves of ore.

THE STATE ORCHESTRA. fßecei'od tins day at 1D.15 am ' SYDNEY. May 21. Sir Arthur Rickard. Chairman of the guarantee committee, inis received a letter from Verlmggbeo stating il lie returns it must be at the end of a petty interferences with his work and tlk- moneys due miist be paid him before returning. The committee meets to-dnv to discuss the position, also to consider the disbanding of the orchestra, or reducing its strength. THE SYDNEY BRIDGE. SYDNEY. May 21. Cabinet have d'srus«ed the vi-it to America of Bradlield. the Government ongincer who I s * iiniiiirios abroad respecting the construction of Ihe Sydney Harbour bridge. Cabinet lias decided to advise Bradfield to remain in America pending further instructions.