AUSTRALIAN NEWS.

Hokitika Guardian, 5 January 1927, Page 3

AUSTRALIAN NEWS.

[•Australia & N.Z. Cable Association.]

N.Z. BUTTER. SYDNEY, Jan. 4. The local supplies of butter show an increasing tendency, and this is considered likely to affect the imports from New Zealand. Twelve thousand boxes of New Zealand butter were imported last week. It is reported that the holders of the imported butter are selling at concession rates. It is also stated "that contracts for supplies of Now Zealand butter have been made for a spread delivery up to March next.

SYDNEY’S LORD MAYOR. SYDNEY, Jan. 4

Alderman Mostyn is the new Lord Mayor of Sydney. Addressing the heads of the City Council departments, he plainly told them that, whatever their civic or political convictions, they must carry out tho determined policy of the C■amici! or leave the service. Economy would be the keynote of his policy. He was determined that they must live within the Council’s income, so that an iiicren.se in rates should not

fie necessary. YOUTH BURIES CHILD. SYDNEY. Jan. 4. In a st.■icmcnt made to t lie police bv James Hughes, whose arrest was cabled on December 30th.. in connection with the disappearance of the child Joan Smith, at Polnntacea Station, near Broken Hill, he said that he put Joan Smith on a horse, which became frightened when lie pulled out his handkerchief, and it threw tlio girl. As she showed no signs rf life after a quarter of an hour. and. fearing that lie would be blamed for putting her on flic horse, he buried her bodv in a rabbit hole, which lie deenenod. He was sure that she was dead when buried. POTATO PRICES. SYDNEY, Jan. 4. The price of potatoes has dropped by five pounds per ton. Prime Tasmanian a re-offering at £2l per ton. YOUTH’S HEROISM SYDNEY, Jan. 1. According to the police report, the youth Gibbs, j tunned from the launch across the shark’s hack when the fish attacked A Hum, and then heat it off front the victim with his fists. VACHTMAN’S ESCAPE PERTH, Jan. 5. Frevland of the capsized yacht, cabled yesterday was found exhausted on the beach at AVoodman’s Point. He said he had no knowledge of two companions.

AUSTRALIAN FINANCE. ■ SYDNEY. Jan. 5. The State revenue for the first six months of the financial year discloses a deficit of £1,369.*270. Receipts were £19,264,830 against £17,836,672 for the corresponding period last year and expenditure £20.634.102 against £19.091.620 the previous year. Sydney hank clearings for'the past year were 954 million sterling compared with 909 millions for the previous vetir. MELBOURNE, .Tan. 5. Clearings wero 790 millions compared with 703 millions for the previous year. Shareho'ders in the Commercial Banks Company of Sydney have authorised an increase of capital from seven to twelve millions sterling preparatory to the amlgamation of the Rank of Victoria with the Commercial, which is issuing two hundred thousand new twenty-five pound shares. POCKET PICKED. (Received this day at 11.0 a.m.) SYDNEY, Jan. 5. Walking in a crowded city street, Laurence Goodman, a visitor from New Zealand had his pocket picked of a wallet containing £230. EASY AY IN. SYDNEY, Jan. 5. Tn the three hundred vanls invitation race, at Newcastle, lakaishi won easily in 3 min. 23 2-5 secs, a world’s record.