AUSTRALIAN NEWS

Hokitika Guardian, 22 August 1930, Page 5

AUSTRALIAN NEWS

SUGAR EMBARGO. (Australian Press Association.) MELBOURNE, Aug. 21. A representative meeting of various organisations in Melbourne to-day passed a resolution emphatically protesting against the continuance of the sugar embargo “By which,” the motion declares, “many millions of moneys are annually being extracted front the impoverished community.”

Senator Colebach declared that the Colonial Sugar Coy had made colossal profits out of the Australian consumers and had returned, to its shareholders more than the original capital, and that it is now paying large dividends.

INVESTMENT DECLINES. SYDNEY, Aug. 22. The decline in th© prices of investment stocks on the Sydney exchange is very heavy. In the mining market all sections weakened and investors are showing nervousness through the realisation of the critical position in the country’s finances. A SUICIDE. SYDNEY, Aug. 22. 11. Ballantyne was found dead in the bathioom of a city residential flat with his throat cut. The body was in a crouching position leaning over the bath and there was a terrible gash in his throat, A bloodstained razor lay nearby, N.Z. HORSES AT SYDNEY. SYDNEY, Aug. 22.. The “Herald” says except for possible unannounced visitors, the racing teams from Now Zealand have now arrived for the spring campaign. At Chisholm’s (Rahdwick) fifty New Zealand horses are stabled and it would not b© an umler-estimat© to place the value of the thoroughbreds at £45,000. AUSTRALIAN FINANCE. SYDNEY, Aug. 21. Sir Otto Niemeyer’s report was released. late to-night. It, is of considerable length and reviews the Commonwealth and States indebtedness. It says the situation can only be met by united action, facing the facts fairly and squarely. Other countries had to extricate themselves from a worse position.