AUSTRALIAN NEWS.

Taihape Daily Times, Volume XI, Issue 3517, 2 July 1920, Page 5

AUSTRALIAN NEWS.

Received 8.55. SYDNEY, This Day. A recent feature in financial circles has been the investment of a large amount of new capital and the formation of several new industrial companies. It is announced two banks are also seeking to increase their capital, while a leading city firm is being re-formed with Increased capital of one million. Several others are making substantial increases in their working sinews. Received 10.5. SYDNEY, This Day. The New South Wales State deficit amounts to £1,804,000. Serious floods continue, damaging crops and drowning stock. Conditions are still unsettled. In view of the sugar shortage the Alliance Executive is ~ requesting Mr Hughes to restrict, the activities of bre \v cries. MELBOURNE, This Day. The Premier has submitted proposals for a settlement of the gas strike to the men and the companies, the feature being the appointment of a Wages Board, both parties to remain under its jurisdiction during the currency of the award. The parties will consider it on Friday. In view of the smallpox outbreak, New Zealand has been gazetted as infected. PERTH, This Day. The Prince arrived in glorious weather and was enthusiastically welcomed. The city was thronged, some of the visitors travelling two thousand miles. Received 11.55. SYDNEY, This Day. Sailed: Early this morning, Ulimaroa. In Border Leicestors Mr Donald Grant secured ffivst prize for a pen of rams under one year. In Corriodales Mr Elisor was awarded the grand champion for a ram under one year. From all parts of the country reports are coming in that the rivers are rising rapidly and floods are threatened. Boats have been despatched to Narrabri. where the town is in danger. MELBOURNE, This 'Day. The Federal Parliament has resumed its sitting. The House is debating the Tariff Bill. The Senate ha s elected Mr Givens as President. The new Commonwealth steamer Emitn, has been launched. Arrived: Kaiapoi, from New Zealand.