AUSTRALIAN NEWS
COAL TROUBLE,
TO-MOPPOW’S CONFERENCE
(Australian Press Association.)
SYDNEY, May 10
'l'he representatives of the northern mine-owners and of the miners am meeting' at Newcastle on Wednesday to discuss final arrangements lot the reopening of the coal mines. It in expected that some of the important nits will Ibe. ready for voile in ten days.
U.S.A. CAPITAL
OFFERED TO AUSTRALIA
SYDNEY, May 19.
The Federal Treasurer, Hon Mr K. G. Theodore, states chat overturns have been made to him by a group ot New York financiers to loan the Commonwealth twenty millions sterling. Their terms, however, he found to be not attractive, and the negotiations are off.
LONG JOURNEY ENDS
(Received this day at 8.30. a.in., MELBOURNE, May ‘2O. Alter a voyage of a hundred and fifty-six days from a Baltic port to Melbourne with - a cargo of lumber, the Finnish barque, Olive Bank, reached Port Phillip.
RAILWAY REVENUE DECREASE.
MELBOURNE,' May 20
The decrease in the Victorian railway revenue since July Ist. compared with the corresponding period of last financial year passed the million sterling mark.
EFFECT OF TARIFF FELT.
CANBERRA. May '2O.
The effect of the Ministry’s tariff surcharges and prohibition is already sing felt. To balance the estimated revenue of £44,400.000 front customs and excise duties nearly seven and a half millions must be collected before the end of June, but it is unlikely that more than six,millions will lie received from those sources.
The Treasurer (Mr Theodore) budgeted for a surplus but it is now expected there will be a deficit of from a million to a million and a half sterling-
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Hokitika Guardian, 20 May 1930, Page 6
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267AUSTRALIAN NEWS Hokitika Guardian, 20 May 1930, Page 6
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