AUSTRALIAN NEWS.

Kaikoura Star, Volume XIV, Issue 746, 12 June 1894, Page 6

AUSTRALIAN NEWS.

Sydney : Sir T. M'llwraith, interviewed on return from England and America, appears to be impressed, by his American experience, with hopelessness of attempt to develop country satisfactorily under Govt railway management. He declines, however, to reveal his new railway policy till he lays it before his colleagues. There is, he says, abundance of unemployed capital in London seeking investment at very low interest, but it will not be lent as inscribed stock because new issues would again demoralise colonial stock market. Cardinal feature of any railway policy must be ear-marking of securities for loans to be raised in future.

Barton, addressing electors, said he did not agree with Premier’s plan, which was not federation but rather unification.

Parliament practically closed.

Adelaide : Banks have notified Govt that practices of allowing 3 per cent interest on their floating balances is to be discontinued.

Hobart : Philip Samuel, of Sydney, said to be sole proprietor of Mount Huxley mine, requested Govt to again send geologist to mine, and urges he should take his own staff - with him. He adds he is convinced geologist made great mistake, and adheres to former estimate of richness of discovery. Pardon, ex Governor of Noumea, appointed Chairman of French Commission in connection with the Hobart Exhibition. Two magnificent collections of paintings and statuary valued at £BO,OOO, and which are now being displayed in Antwerp and Lyons, will shortly be shipped here.

To-day’s News.

PERTH (W.A.), June 11

Two miners who have returned front the scene of new find, to Eastward of Coolgardie, are stated to have brought lOjOOOoz of gold back with them. BRISBANE, June 11 Power, leader of Opposition, has disclosed policy of his party. It is opposed to reappointment of Railway Commissioners; unjust taxation and unjust retrenchment; it will encourage the export of frozen meat and dairy produce; and support ‘ one man one vote ’ principle, and referendum system. The party will favor fair taxation, and generally adopt New Zealand political programme. It also intends to put a stop to land grant swindles and private monopoly of railways. Heng Kong declared an infected port.

MELBOURNE, June 11

Report of two delegates sent to India by Victorian Govt to investigate trade prospects is somewhat discouraging. It would be useless, they report, to attempt to introduce frozen meat into India, unless proper provision is made for cool storage. Demand for the best quality of meat is small, principle business being done with the medium (?) article. With regard to supplying the Army, the delegates found fresh meat could be obtained locally at much less cost locally than frozen article could be supplied at.

Latest.

MELBOURNE, June 11

A prominent politician who is understood to be in confidence of Dibbs, has unfolded latter’s scheme for unification of Australian Colonies. Dibbs has drafted his Bill in ten clauses, which provides that N. S. Wales and Victoria should enter into partnership, and the indebtedness of each to be a Federal debt. Tariff to be assimilated ; lands and other assets combined, and Federal Govt be established with Sydney as place of meeting. Local Parliaments are to be retained in the form of huge Municipal Councils, to look after local affairs.