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

North Otago Times, Volume XXXVII, Issue 8171, 1 May 1895, Page 2

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

1 Received April 30, at 11 10 a.m. Syonbv, April 30, Arrived— llo f omah»n*, from Auckland. The Promier 6t*tos that tho Govern* monthas no present intention of raising a loin, even under the present very oppor* tune conditions. Tha action of Now Zfa« land in raising a 3 per cent loan is regarded by him simply as the outcome of an extraordinary favorable state of tho market. A year or two ago, ho soya, such a proposal would have invited certain failure, and its success is »n evidence of the favor in which Aus'ralian securities are regard d in England. A record in long-distance telegraphy was mado on Sunday, when the Sydney officials communicated diroofc with those in Perth, tho distance being 3140 miles. A splendid circuit was obtained. At a meo'hiß in tho Town Hall, at* tended by 14,000 people, it was reaolvod to nek the Government to eppoinb a Royal Commission to re-open the case of Dean, tho alleged wife poisoner.

Melbourne, April 30. The Premier douied the rumorod intention of Victor a to plnco a loin on the market, and states that there is amplo money in hand to nu-ot all prosent requirement's and tf funds aro needed ho will r<u c o money l<cally. Tho Direcois <f Oont'al Brokon Hill mine recommend th i shnielioloVra to uell the proporty for L 175.000 to a New York syndicate. At a meeting of the Riyorina Frozen Moat Company tho chairman stid thtt he had chartered a 6teamor capable of carry* ing 750 head of live cattle, and ib wai intended to thoroughly test tho trade on a largo eotlo. lie also raontioned thitAus* tralimi tinned meats ate tapidly forcing their way into favor in Engluid, to tho exclusion of tho American article.

Brisbane, April 30. Mr Plunkott, & merubor of tho Legiola* tive Assomb'y, intends to introduco next) session ft Bill providing for the reduction of the Governor's salary by LlOOO, and those of Judges by LSOO each.

Received Api il 30, at 11.30 a.m. Sydney, April 30. Tho Tel graph says tlut New Zealand, in making her loan venture, his one dia-« tioct Bdvantago ovtr her Australian neighbors, as neither syndicates nor dealers hold Any of her existing loans, all having gone into the hands of bona 6do steady invea'ora. Both Now Zealand and South Aus'iMlia, it considers, hava sho*n by tho best of all evidoaoe that) they oin ahape their finances so at to r«* aiib tho tcnip' at lon to borrow In England, and, therefore, it i% n»turi>l that thetf

securities should atund rolativoly high in London. New Zo^Hnd, it adds, is now, in the face of ninny drawback?, reaping her reward, and the paper wonders how much of the advanco9 to soltlers loan will 6nd its way into the banks. Possibly, a considerab'o amount ; and last year's strained condition of some of her local institutions will Hiorcry bo nmw widely relieved. The Telegraph con«idor3 tint if Now Zetland o«n borrow »t 3} per cent nef, and loud at 5 par cent, (hero will be a tafer margin upon which to conduce hor agricultural buaimen than tho one per cent marzni originally proposed.

Received April 30, at 1 0 p. m. { Sydxey. April 30. Arrived, this morning — Arawa, from j 'Frisco, via Auckland.

Melbourne, April 30. Application was made to-day, before Mr Justice Molesworth, a Judge of the Court of Inaolvoncy, for an unconditional discharge in the estate of J. B. Davies. His Honor asked if it would not bo better to have the case decided by a Judge of tho Supreme Court, whose position was permanent, and who could not bo intor fered with by politicians or friends as a County Court Judge could bo. A Supreme Court Judge could hear tho caso without fear or favor, but when a case was brought before a tribunal liko the present one the result might be very unpleasant. Mr Daviea refused to wi'hdraw i he case from the jurisdiction of the Insolvency Court, and Judgo Molesworth gave a written judgment. He aflirmed the opinion that the Judges of the Insolvency Court should be as independent politically as the Judges of the Supreme Court. It was unfair to place him in a position that if ho did his duty ho would offend persona who could bo unpleasant to him. The present application was made by one who had bi?en a prominent poli'lcian and head <>f a Government department, and a Judge might be told that the Sutes demanded a reduction of his salary or that he had been long enough in Melbourne, imd the political head required his removal. In refusing the application of Mr D. vies for an unconditional discharge, Judgo Molesworth said it was a case of reckless speculation aud gambling, and to encourage such things would be destructive to all proper ideas of commercial morality. Premier Turner haS instructed the Solicitor General to obtain from Judge Molesworth an explanation of his remarks, and the matter will bo brought before tho Cabinet.