AUSTRALIAN NEWS.

Taihape Daily Times, 31 July 1919, Page 5

AUSTRALIAN NEWS.

MYSTERIOUS FIRES AT BROKEN HILL. SYDNEY, July 30. Four mysterious fires occurred at the Broken Hill South sil'ver mine property during the past three Weeks The latest caused damage to the extent of £50,000, anfll will ‘fender Lhe mine idle for four mon_ths. A 4 A BENEFICENT M|LL'IONAIRE. DAMAGE TO BROKEN HILL MINE. "I Received 11.55 a.m_ ’ ‘ SYDNEY ,th_l's day. ~ It is understood the estate.of-vtne late Sir Samuel Mccaughey is valued at "between one and two millions, the gteatexj portion of which is to be devoted to educational and charitable objects.

* The greater ‘portion of the surface workings of the South mine at Broken Hsl] has been destroyed. The estimated damage is about £500,000. It wxil be from eighteen months to two years before operations are resumed, and one‘ thousand miners will be idled for that period. ‘lt is suspected the fuzwas caused by the I.W.'W., as it broke out in four places at}, once, and the telephones were tampered With, the firemen receiving alarms throll;.;h mine whistles. _

MELBOURNE, this day

In the House ‘of Representatives Mu. Poynton announced the war loan 9):penditure for the current year’ was estimated at fifty two millions, wh'eh left‘ a deficiency of £33,200,000. It was therefore proposed to float a peanloan of twenty-five millions at five per cent, but with bonds, of which the first interest payment. would amount to-53; per cent. for the whole perind of the loan, repayment of which would be made at par in 1927. The iiiterest would be subject to the Commonwealth income tax, but free of Sta-‘.2 taxation. If the response was unset isfactory the Government would 1:.sort to compulsion, and Ithose subjected to compulsion wou{l’(l be liable to :1 severe penalty in addition to the sub scription to the loan_

UNREST AND HIGH PRICES, AN APPEAIL Z‘; A WARNING. TO LEADER;B;‘_COMMERCE. . Received Jl-1;_.;, 11.55 21.111. SYDNEY, this day.

Mr Massey Green, speaking at the annual‘ dinner of the Chamber of Commerce, in referring to the strike, said Govlernment was ddfermirled to "see the law observed. He warned members of the Chamber against the, pre. vailing unrest caused by high prices, and appealed to them to tackle the problem from the eommunity’s stand. point, and thereby check the public oultcry for g~overnmental interference. Three great forces were working, which would sweep away all Governments if reinforced by the vast mo"dera.te element that is looking for some relief. He concluded by saying that he believed the leaders of commerce were able to do more to settle lthc unrest than all the Governments

of Australia combined. The chairman said as an evidence of prosperity, the value of exports between 1914 and 1918 amounted to 330 millions, purchases by Britain amounted to 220 millions, ‘