AUSTRALIAN NEWS
X.S.W. LEGISLATURE. INSURANCE ‘COM PA NIKS. (Australian Press Association) SYDNEY, May 22. The New South Whiles Legislative Council in committee amended the Insurance Companies’ Deposits Bill so /as to permit the companies to lodge approved Government securities in lieu of cash deposits as a guarantee of good faith with the members. It was pointed out if the. Government insisted on huge cash deposits several smaller companies would he crushed out of existence. The general opinion wag that Air Lang required c-fish to finance public services.
BASIC WAGE REDUCED. MELBOURNE, May 22. The basic wage has been lowered by the Industrial Court. Adult males rate u'as reduced by three shillings to £3 14s per week; adult females by 6d to £1 19s. WHEAT MARKET. MELBOURNE, May 22. Wheat is 2s 8d to 2s 9d; flour £7; bran £-1 ; pollard £4 10s; o°ts 2s id; barley 2s Bcl to 2? 9(1: maize 4s Id. MELBOURNE, May 22. An investiture which was to have been held, was stopped on tile order of the Governor-General. The Victorian Consul for Czecho Slovakia, M' E. R. Peacock, was to have been invested with the Czecho Slovakia Republic Order of the White Lion, which is bestowed on distinguished citizens of foreign countries, hut before the ceremony was held, a " aS received from toe Military Secretary to the Governor-General, stating it was not possible for Mr peacock accent the. insignia, until lie had permission to do so horn tlio Tving. I investiture was then postponed.
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Hokitika Guardian, 22 May 1931, Page 5
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249AUSTRALIAN NEWS Hokitika Guardian, 22 May 1931, Page 5
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