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

North Otago Times, Volume XXXVII, Issue 8172, 2 May 1895, Page 3

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

Received May 11, at 11 a.m. Sydney, May 1. In the Assembly Mr O'Bullivfm'B motion wan negatived on tho voices, and the House adjourned. The Premier, who was interviewed on the position, oxpressed his indignation at the Opposition voting for the amendment, though tho mijoriiy of them wero known to he averse to it, simply to embarrass the Government. They would have ta bear the blame for the loss of the Bill, because with such a provision there was no other course open but to abandon it. Though he deeply regretted having to do so, he would have to revert to tha old system of providing roads and bridges. Tfio Opposition by their action had simplified the position immensely. Tho Financial Statement would now have to be simply a broad outline of tariff reform, and tho deficit in tho Customs would have to be rande good by direct taxation, including a land taz.

Received JMay 1, at 11.20 a.m. Melbourne, May 1. The impostor Rtnd has boeo sentenced to eight years upon the more serious charge preferred againtt him. The Metre politan Board of Works intend to floit a half a million four per cent loan locally. At » meeting of the Colonial Bank of Aastr*liaia the Chairman said ihut tt w*a impossible co continue paying the high , y«re of interest fixed under the reoonWruoUon soherae. It w&s if}tended to A»k the depotitora to ooaient to a substantial reduotioo.

Sydhiy, May 1. (DatielVt Oompapy ftrre notified two mining compdDJei Wo that they will (oitituto proceeding! for infringement of (faf c»»nlde patent.

laf mi cans of leproif »rt rtPQi»»d to

the authorities. One is said to be a white boy In ing in a Urge northern town. Tho operations of Ihe Government Savings Bnik for 1894 show tho deposits to bnvo decro'sed L 03.000 compared with the prmioui year, and the withdrawftls L 42.000.

Perth, M*y 1. Stil) anobhrr big find is rcpirfed near tlio Eisti-rn (Jift disovory — n rotf of ironstone formiitioa with n thousand tons of s'ono in sight. S ».no tftkon from a ilipth of four fo. t bristles with gold. Guodnllutitl has alao been found in tho fifttne loctlity.

Adelaide, May 1. During the nino months of tho Hiunciiil ycvir cnrtud M;»:ch 21->t, the rovoinic ftll shnit of tho Treasun r'rt ostimnte by Ll7'i,ooo. As a 8»t-oO there wf\« «« B»ving in the cat im i ted oxnondituro of L 54,000.

Received Mtiy 1, nt 2 p.m. Hobaiit, Muy 1. Arrivod, 8.30 n.in.— -Doric, from London, vh Cipotuwn. She resumes hur voyago to Wolliiißton ftl 4 p.m. S!)o has oi^lit passengers for Australia and 41 fur Nun Zealand.

Sydney. May 1. Arrived— Hnuroto, from Wellington.

Received May 1, at 7 ?>.m. Svdnby, May 1. At the half-yearly mooting of the ' Manic | of New South Wales tho profit was shown to bo L 51 ,700. Tho diructois recommend the payment of a dividend of 9 per cent, and that the sum of L 22.000 be carried forwaad During tho half year the paid-up capita! increased by L 59,000 and tho resc vc fund by L 14.000. The Chairman, in his nddress, said the directors were more froely adapting tho policy of investing in Government and other safe securities. It was gratifying to see a wider intccst aroused in tho export of their products. Tho ciitical stages in many new exports and industries had to bo overcome, and they could fairly claim to have secured a footing in the Homo markets. With pronor means of distribution at the other end the colony had every chance of holding its own m the export trade with American and other competitors. Tho settlement of tho land question was calsulatcd to allay a largo amount of unrest that had kept back tho progress of tho colony. Tho report was adopted and the dividend agiecd to At tho half-yearly meeting of the Colonial Sugar Company a dividend of 10 per cent was cauied, and the sum of LHB.OOO carried forward. The profit amounted to L 90.600. The Chairman said the cheap rates at which Queensland and Fiji sugars were produced enabled tho company to successfully compete at the abnormally low rates ruling for imported sugars. It was expected this year more sugar would bo producid than could be consumed in tho colonies, necessitating prices being kept very low. The company, however, had made such arrangements that there was reason to be'ievo the competition would not causo any loss to its trado.