AUSTRALIAN NEWS, By Electric Telegraph — Copyright. (PER PRESS ASSOCIATION.)

North Otago Times, Volume XXXVII, Issue 8170, 30 April 1895, Page 2

AUSTRALIAN NEWS, By Electric Telegraph — Copyright. (PER PRESS ASSOCIATION.)

Roooived April 29, at 10.45 a.m. London, April 28. Ariived — Walhroo, from Auckland. The Diily Telegraph snya that New Zea'and, in floating a loui at 3 por cent ia sot ing an oxamplo which ia sure to bo followed. Tho departure! tiny bo a bold one, but it is undoubtedly in the right direction Tho Herald can lutdly see what is to be giinud l<y tho change from 'A\ to 3 p^r coir, an tho money will pnba'ily bo borrowud at an equivalent to tint pric. The Hi-rild fa-ir* tha*i an objuo'ionablo u«O of iha nominal rate of 3 per cent will be made by gilitioUns, in order to make loana to fartnora appear to bj profi table.

Melbourne, April 29. The New Ze»Und bowlers beat the Fitzcoy gi^b by 46 bo 44. With a viflw to fcea'in? fcHo Japanese rotrket, Mr T«vernor ii Hrratjgiijo; i<> iQucji I tri»l ihi^mtnt o|[ liVf itoclf •nd fruit.

Hob art, April 29. Next sefs'on the Government will in* trorluoe a Bill lihoralisina the franchise for the Logisl'ttivo Council »nd proposing a oijc-mnn-nne-vcte (jualifioition for the Locißlative Assombly.

Pbrth, April 29. L»br details show that the npw find which Ins bion mado at. a locality 20 miles or so from Ccnlg rd'O cot sis'n of an an immense lode of ironstone outcropping 2't, showing largo ''ab<» md impregnated wi h Pino trolJ. Thouundn of tons are In s glr, and tho lode, whioh has already b on noted to n, depth of a oouplo of leet, phows inclina'innx of going djwn to a greater depth The find is nttrac'ing co»'-ilerabU ntti-ntion. Th« discoverers wore two lmd-up pr>Bpootor» who r«« cently arrived from Adelaide,