AUSTRALIAN NEWS.

Hokitika Guardian, 23 August 1927, Page 3

AUSTRALIAN NEWS.

(By Telegraph—Per Press Association.) ENGINEERS TO RESUME. SYDNEY, Aug. 22. At a meeting to-day the striking engineers decided to accept the terms proposed by Judge Booby, as cabled on August 18th. Therefore work will he resumed tomorrow. The other features of tho dispute will bo gone into at later sittings of the Arbitration Court.

THE RIVER INA. SYDNEY. Aug. 23.' The position of the stranded Riverinn is improving daily. It is expected that on next week’s high tides she will ho refloated. Since the beginning of operations the ship has moved thirty-one degrees seaward and is now resting on an even keel with deep water fore and aft, and a sandbank amidships, the latter rapidly diminishing. ENGINEERS’ A ORE EM ENT. SYDNEY. Aug. 23. The engineers agreed to return to work conditionally on all strikers being reinstated to their former positions. The men are influenced by the fact that Justice Beehy refused to hear an application for the variation of the award until work was resumed.

QUEENSLAND PREMIER’S VIEWS. BRISBANE, Aug. 23. Premier McCormack, speaking of his recent financial mission abroad, said it was obvious to him that Australia would have to do pend more and more on New York instead of London for financial accommodation. They would bo actually helping Britain if they secured financial requirements in New York, because the finnacial situation in Britain is most difficult. She is standing on her feet again, but the resources which existed prior to the war were no longer available. Speaking of the industrial position in the United States, he said there was evidence of prosperity on all sides. They were prone to believe on such evidence that America, was the most wonderful country in the world, lie wanted to tell his hearers that America was not. Prosperity existed among tho higher-paid classes of labour, and business men had money to burn, but at the bottom, among the industrial masses, the position was very different.

EMPLOYERS WITH DR AW. SYDNEY, Aug. 23

The New South Wales Employers’ Federation have decided to withdraw from the Federal Council of Employers as it is felt that bodies in other States did not fully realise the handicaps under which New South Wales employers were carrying on business Although New South Wales represents forty-five per* cent of the interests involved, it is claimed the voice of the New South Wales Federation was not heeded in the Federal Council.