AUSTRALIAN SUMMARY.

Manawatu Standard, Volume XII, Issue 1747, 30 June 1886, Page 2

AUSTRALIAN SUMMARY.

; riu(UNiTED PRESS ASSOCIATION;): (Perß.B.Rotomahaua, at the Bluffy :. At a meeting of the Associated .Banks yesterday^ the |s:reemenl? dejali|^*^ith| ttfe current accounts fate of interest* on* overdrafts,, was practically cancelled by the London Chartered Bank 'announcing their intention of paying a higher interest, than 5 ?per centum on twelve mouths' deposit, the 'figure 'stipulated under the agreement. The other banks wiH probably follow suit. '^ f - Sidney, June ?2. :r ij i Sir Johnißober'tion; m his fareWell address to the electors of Mudget, says 'thac'iincreased teeblenesß compels.; himreluctantly to resign, as his own business . affairs demand what powers he possesses. '"Besides," ne adds, "niy Tetireirient may facilitate new and beneficial combination m the Assembly!" On Friday last Sir P: Jennings, - having vfeeliogly : referred to .Sir; John Robertson's political , career, and to the high esteem m which ; he i was held, moved a resolution that his letter of resignation which had just been read be entered uippn the records of the' House. Sir H. Park«s also eulogised' Sir John Robertson. Sir H. Parkes has been elected leader of the Opposition, ml the place of Sir John Robertson. The break up of the drought and the news of the increase m the price'of wool has caused '■-, commercial '4 excitement throughout this colony. The aspect ef affairs is considered more hopeful.