AUSTRALIAN NEWS.

Hokitika Guardian, 5 July 1924, Page 4

AUSTRALIAN NEWS.

lUSTHALIAN AND N.Z. CABLE ASSOCIATIO)

A PROMISIN'!! OUTLOOK

(Received tliis day at 10. lid a.m.) SYD.VEV, July d.

Speaking at an official luncheon in connection with the Sheep Show, C'haffey said he was of opinion that we should he optimistic regarding the futjiiie. Staitisfcics disclosed that i in lull! the value of wool, and frozen inutton and land) exported from the State was £11i,0di!,407, while a decade later it had increased to £lMrlli:).!>.‘!o. Tiit'if should he no interference with the stud breeders who are aide to produce flocks that were responsible for a higher standard of wool. The more they left it alone the better results would ,he obtained. New Zealand given a lead in this dilection and Xew Zealand lambs enjoyed a reputation. In 1012. the value of frozen mutton and lamb exported from Xew South Wales was Cddb.d-'I. A decade later it increased to £1 .(ido,:i27. He thought there would he a tremendonus increase in the near future.

FEDERAL ITXAXCH. MELROFRXE, July d.

Mr Rage in his hnamial statement revenue were customs excise £(>,100,added that the principal increases in 752, post olliee £ I OH,Ob!), estate l duties lI2(i,021. The decreases were income tax £l,-102,0i l ; interest on loans to States lor soldier land settlement £IIO,!!7;k The decrease in income tax was largely due to the delay in assessing the tax, following on the amalgamation of Commonwealth and State taxation olliees.

The principal increases in expenditure were ordinary votes of departments Cl ,017,(110. special appropriations, other than war Cl i 0.777, war am! repatriation services CUB!),.IPS. AUSTRALIAN' I!HITESEXTATKIX. ME-LBOURXH. Julv I. In the House of Bopersentativos Mr Bruce announced that Australia would he represented at next Conference ol the League of Xatnins by Sirs Lyttelton (froom. Cook mid Charlton, with Airs Allan of the “Argus” as substitute delegate. Mr Bruce announced the Commonwealth Ministry had decided not to approve of a bounty on exported beef, lint has approved of payment of a

bounty of ten shillings per head on exported live cattle. During IPliO the bounty oil frozen canned beef and live cattle amounted to £ 1-11.01!!'. Inrptirics show prices the growers were obtaining were higher this year without the bounty than they received last year with it.