AUSTRALIAN NEWS.

Hokitika Guardian, 29 November 1927, Page 2

AUSTRALIAN NEWS.

(By Telegraph—Per Press Association. SHAREHOLDERS DECISION. (Received this day at 8 a.m.) ( SYDNEY, Nov. 2§. >< ' A meeting of the shareholders / of Smith AVaddington adopted the scheme approved hv the hank to carry on operations till a least the thirty-first of March. TARIFF REVISION. CANBERRA. Nov. 29. In the House of Representatives an increased duty of sixpence per pound ngainst New Zealand butter r»4. cheese was recommended. In the T - iff Board report tabled to-day, i- - ports of butter from the Dominion during, the last fiscal year was valued /• at half a million sterling. The landed cost was Is 6d a pound, whereas the net return of Is lid was necessary to Australian producers. Rho President and Vice-President of the Primary Producers Union left Sydney for Canberra to-day, to confer with Mr Bruce on the question of the tariff revision. The president of the union points out that under the existing reciprocal agreement between Australia and New Zealand any change of tariff will not affect New Zealand for six months. He understood an agreement favourable to the Dominion had already l>een reachedin regard to Australian flour. It- isrt only reasonable to expect that further progress in the same direction, might and ought to deal with the present butter position, .so-that the matter should bo satisfactorily arranged at an early date.

SLUMP IN POTATOES. SYDNEY. Nov. 28. Owing to the heavy supplies of potatoes. a further slump has occurred, new being quoted at £6 to £i, and at €3 to £5. SYDNEY WOOL SALES. SYDNEY, Nov. 28. At the wool sales there was good.qenera’i competition, and values were well up to late rates for all finer sorts. Thin yarn burry classes were irregular. Comebacks and crossv breds were very strong in demand and greasy merino fleece touched 35Jd.

KIWITEA DECLARED “ BLACK SYDNEY, Nov. 28. The Union Company’s steamer. Kiwitea was placed on the black list at Newcastle, where she arrived with a load of .zinc from Hobart. The wharf labourers refuse to unload the cargo because it was loaded by the Zinc Company’s own employees.

GOLD TAX. SYDNEY, Nov. 29. Following upon the New Guinea gold miners’ decision to divert their gold shipments from Australia, the Federal Parliament is passing legislation to exempt such gold from the heavy tax imposed on it by the Federal Tax Commissioner,