AUSTRALIAN SUMMARY.
(per tararua at the bluff.) Melbourne, September 4. • The cable duplication has fallen through. The Press declined to give up their combination, and the Loudon board of directors refused to accept the subsidy unless the combination was given up. . The chairman of the Eastern Extension Company, in announcing the determination of the board, sent the following telegram to Colonel Glover :—“ Eastern Company have no power to allow combination. Board’s resolution of the 20th must therefore be carried out. Responsibility of breaking off negotiations must rest with the Press who will be the sufferers. They do not seem to appreciate the sacrifices which the Eastern Company makes to assist extension. Make your arrangements to leave Melbourne, as further concessions are impossible. Intimate this as the final decision.”
The sheep sales which took place last week realised about £25,000, the sales of one farm alone amounted to over £II,OOO. The weather has been very close for the time of the year. Betting on the Melbourne Cup has been very dull lately, owing to the absence of the ring in Sydney. Auckland has been backed for a large amount.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/NZTIM18780912.2.12
Bibliographic details
Ngā taipitopito pukapuka
New Zealand Times, Volume XXXIII, Issue 5448, 12 September 1878, Page 2
Word count
Tapeke kupu
188AUSTRALIAN SUMMARY. New Zealand Times, Volume XXXIII, Issue 5448, 12 September 1878, Page 2
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in