AUSTRALIAN NEWS

Hokitika Guardian, 10 March 1930, Page 6

AUSTRALIAN NEWS

SYDNEY BEACHES

INFESTED AVITH SHARKS

(Australian Press Association)

SYDNEY, March 8

Pilot Captain Holden flying his Canberra plane from Coifs Harbour to Sydney reported sharks in the vicinity of every beach along the coast. In some places there were so many in a group that lie circled close over them but they did not move. Aeroplanes will patrol all Sydney beaches over the weekend.

FOUND DROWNED

SYDNEY, March 8

Egdar Simpson, well-known city I),'inker and manager of the branch of tne Austral an Bank of Commerce, was found drowned in the baths, at Middle Harbour. The drowning was concurrent with investigations into certain alleged defalcations in hank accounts.

AUSTRALIA’S CREDIT,

ANNOUNCEMENT MISLEADING

SYDNEY, March 8

The announcement by the Commonwealth Bank that the privilege of cashing Australian notes abroad had been withdrawn and the statement regarding embarassment of persons taking notes abroad, led to the belief that an embargo had been placed by the hanks upon the granting of credit facilities has been curtailed as it has been for imports. It may have been refused in certain cases, but there has not been a general refusal. In many cases a traveller has not been able to obtain all the facilities he required.

HEAVY C LOUDBURST

SYDNEY, March 8

A heavy cloudburst between Parker and Co tided)] in resulted in a terrific downpour of rain, which washed away three miles of railway. Five inches fe’l in twenty minutes. Five square miles of low country is under water. The banks and dams burst, fences were washed away and homes were flooded. A message from Darwin states : Record floods are reported from various parts of the Northern Territory. There liavL been numeous wash a ways on railways. Farms have been destroyed and a portion of the telegraph line is down. Twenty-one inches foil in ten hours. The police station at Daly is under water.

OVERSUBSCRIBED

AUSTRALIAN INTERNAL LOAN

SYDNEY, March 9

The Commonwealth Treasurer, Hon. Mr Theodore, announces that the Common;wealth’s six per c-ent conversion and redemption joan, with a currency at seven years,' lias beeii oversubscribed. AVliile the National Debt Sinking Fund provided one and a half millions sterling, the public are supplying, by cash or by conversion, about nino and a half million.