AUSTRALIAN.
[BY ELBOTRIO TELEGRAPH—COPYRIGHT.] [Reuter’s Telegrams.] Melbourne, Feb. 21. The Marchioness of Normanby, who has been indisposed since the 3rd inst., is progressing favorably towards recovery. The Melbourne manager of the National Mortgage and Agency Company of New Zealand (Limited) reports of the local markets as follows :—Wheat per bushel, 3s to 4s 0|d —the market is rather firm ; malting barley, 4s 4d to 4s 9d, with a hardening tendency ; New Zealand oats are quoted at 2s fid to 3s 6d—the market is rather weaker. New Zealand oats under bond are slow of sale at 2s 3d to 2s Bd. Sydney, Feb. 21. In the Legislative Assembly last night the Government announced that the taxation proposals made by the Treasurer in his Budget Statement had been withdrawn, except in so far as the increased duty on tobacco was concerned. The Government propose to meet the expected deficiency in the revenue by retrenchment to the extent of three quarters of a million sterling (£750,000.) In addition to this the Government believe that the Customs revenue will show an increase of one hundred and seventy thousand pounds sterling (£170,000) during the year.
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Poverty Bay Standard, Volume I, Issue 73, 22 February 1884, Page 2
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190AUSTRALIAN. Poverty Bay Standard, Volume I, Issue 73, 22 February 1884, Page 2
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