AUSTRALIAN NEWS.

Hokitika Guardian, 21 November 1924, Page 3

AUSTRALIAN NEWS.

IOHTItALIAN AND N.Z. CAULK ASSOCIATION. A NEW SENATOR, tßeceived this day at 8 a.m.) SYDNEY, Noc. 21. A combined meeting ol the Legislative Assembly and the Council elected ,). M. Power. President of the Australian Labour Party, to fill a vacancy in the Senate caused by the death ol Senator McDottgall.

SURCHARGE TO RE REFUNDED. SYDNEY, November 21. The .Inter-Slate Steamship Companies have decided to remove the surcharge placed oil freights in consequence of llic overtime strike and to refund the surcharge- where it lias been charged. -MELBOURNE. November 21. At the Ballarat wool sa.V.s two separate merino comebacks brongTit fiftyone pence per pound, which is claimed to lie an Australian, return. PRODUCE PRICES. SYDNEY. November 21. Dais 2s 9d. -‘is 2d. Barley (English) 5s 9d. Cape Is fid. Is 791. Potatoes £l. Union; £.ll. Hides There was spoiled compeli lion, nolalily lor light kips. \ allies were unchanged. THE WORLD’S PETROLEUM. MELBOURNE, November 20. (living evidence before the Federal .Joint Committee of Public accounts, which is inquiring into the oil operations, the directors of the Institute o Science and Industry, Sir K. XiMos, said that at the present rale of <onsumption the petroleum production cannot possibly continue •much longer nor can there be any relief from the growing demands for spirit for power and limning. The world’s supplies would be exhausted within twenty years, lie said that producing countries were certain to restrict the oxpoitaO.m i f their oil supplies.