AUSTRALIAN.

Poverty Bay Standard, Volume I, Issue 62, 9 February 1884, Page 2

AUSTRALIAN.

[BY ELECTRIC TELEGRAPH —COPYRIGHT.] [Reuter’s Telegrams.] Melbourne, Feb. 8. At their wool-sales this week, the N. Z. Loan and Mercantile Agency Co, (Limited) offered 1,550 bales, of which 1,870 were sold at satisfactory prices. Low crossbred wools and inferior qualities generally are easier, in sympathy with the London markets. For scoured and high-class wools good competition was experienced, and the present quotations are equal to those ruling during the seasoii. The several parcels of New Zealand wools sold fairly well, Sydney, Feb. 8. It is considered likely that Government will postponed the consideration by Parliament of the proposed revision of the tariff, and proceed with the Property Tax scheme, and the increased duty on tea and tobacco, Later. A motion setting forth that the financial proposals of the Government are not satisfactory has been tabled by Mr. Young in the Legislative Assembly. It is understood that the mover is not acting in concurrence with the leader of the Opposition party. Further details in connection with the proposed tax on property have transpired. Under the Bill to be introduced the Banks will pay the full amount of the tax on the whole of their shares, charging a proportionate amount against each shareholder. Foreign banks will be called upon to pay in proportion to the extent of their operations in the colony.