AUSTRALIAN NEWS

Hokitika Guardian, 24 October 1928, Page 1

AUSTRALIAN NEWS

A GENEROUS HONOR

(By Telegraph—Press Association)

t SYDNEY, Oct. 21. .Mr George Bosch, a wealthy importer .who recently made gifts or £220.000 to the Sydney University, sailed yesterday on a holiday cruise to Java, Japan and China. Interviewed before bis dopartuie Mr Bosch said that his doctrine was that the man who amassed wealth from business was no more than the trustee of that money, and that be was under a moral obligation to use it for some worthy cause. “I sincerely triyst.” be said, “that what 1 have done will prompt other men of wealth fo do likewise. Hundreds of men in Sydney are doing nothing but holding on to their property while its values rises. There are some men who derive immense satisfaction •merely from the senlse of possession and the accumulation of money. * am not one of tlie-e. T have received literally hundreds of letters asking for money from all manner of Persons. My friends arc saying: “You must get away from it all!” And T am going. 1 shall attempt to deal with the genuine eases on the voyage.” •

WOOL SALES. ("Received this day at, 8 a.in.) SYDNEY, Oct. 24. At, the wool sales there was an animated market for fine qualifies, taken chiefly for France at prices showin <: five per ‘cent advance. Other descriptions were in good request at, full late rates. .Japan and Germany buyers being most active. Russian n .nd Yorkshire competition was steady. Comeback sand crossbreds sought at late values. Greasy merino sold to 28',-d. The sales totalled 11,859 bales.

A COSTLY BRIDGE. (Received this (lav at 8 a.m.) SYDNEY. Oct. 21. Sydney Harbour bridge expenditure to bOth .Dine amounted to three and a half millions sterling. Another three and a half millions will bo absorbed by 1931. The current year’s expenditure will be nearly or.e and a half millions.

SOLDI FR SETTLEMENTS. ADEL VIDE. Oct, 91. The activities of the Soldier Settlements Department continue to involve heavy losses, the amount sunk in the past vear in Murrav over areas being one and a half m.llnur, sterling whereof 458 thousand was written off. SPLIT IN SEA A FEN’S FNTON. SYDNEY. October 93. The seamen to-day decided to attempt. a huge demonstration by Trades Unions, in the event of any effort to deport Jacob Johnson, and as a protest against his imprisonment. His pay is also to continue while be is in ' The meeting adopted a resolution,