AUSTRALIAN NOTES. A MILLION FOR INVESTMENT IN NEW ZEALAND. (FROM OUR OWN CORRESPONDENT.) Sydney, August 21.

Te Aroha News, Volume VI, Issue 296, 5 September 1888, Page 3

AUSTRALIAN NOTES. A MILLION FOR INVESTMENT IN NEW ZEALAND. (FROM OUR OWN CORRESPONDENT.) Sydney, August 21.

J Mr James Russell, of Auckland, arrive here to-day overland from Melbourne. It is rumoured that Mr P. J. Fink (of Bent, Fink and Co.), a very wealthy firm in Melbourne will leave Melbourne for New Zealand in a few days with a view of investing over one million of money on city properties in Dunedin, Wellington and Auckland, and (agricultural and pastoral lands. The schooner Waitemata, Capt. Ohtson, Failed for Kaipara to-day. Mr E. W. Allison, who, it was rumoured, came across with the view of disposing of the steamers Osprey and Eagle, has gone on to Melbourne. Since his departure a meeting has been held for the purpose of forming a new company to run to the North Shore. If anything is done I should not be &urprised to hear of the company negotiating for the Auckland steamers.

THE SHIPOWNERS' ASSOCIATION AND NORTHERN STEAMSHIP COMPANY. The "Sydney Telegraph" says :— The shipowners still continue to subsidise the Northern Steamship Company, and so far as can be ascertained show no indication of a desire to yield in any way. Yesterday the annual meeting of the association was held, under the presidency of Mr Burns, but beyond the adoption of the' customary report of the year's doings and the disposal of some private business nothing transpired. It is believed, however, that an eftort is now being made by the association and the colliery proprietors towards bringing about a complete amalgamation of the capitalists with a view to resisting in future any demand of an undue character that might be made on behalf of the labour organisations. At a meeting of the Seamen's Union la3t night the question of the struggle between the Jubilee Company (the seamen) and the Northern Steamship Company was considered, and it was resolved that the federation should send a further sum of money to aid the Jubilee Company.

EXTENSIVE PROPERTY SALES IN ADELAIDE. The value of land in Adelaide and suburbs appears to have been brought under the notice of capitalists in the other colonies by means ot the Jubilee Exhibition. Within the pa&t twelve months, hundreds ot thousands of pounds have been paid over to owners of land in South Australia, and it is certain that more money will yet be expended in the acquirement of real estate in Adelaide. C. H. Matters and Co. have just completed the sale of the fine warehouses in Grenbellbtreet now occupied by Gibbs, Bright and Co. and Kaufitnann and Co., at the corner of Freeman-street", formerly in the occupation of Haslan JJro^ and Wilson. Negotiations have been proceeding ior some time at £20,000, and the property has been sold to Melbourne purchasers, who have thus secured one of the best business positions in Grenfel I -street. The land is freehold.

THE SAN FRANCISCO MAIL SERVICE. The "Sydney Morning Herald" says* The refusal of the House of Representatives in New Zealand to continue the subsidy to the Pacific Mail Steamship Company for the carriage of mails to and from San Francisco materially alteis the situation. Hitherto it has, been supposed that this service was specially advantageous to New Zealand, and that if no other colony gave its &uppoit she would accept the responsibility alone. How the Government of this colony will act in the changed circumstances remains to be seen. The question for their consideration is, What is the San Francisco service worth to the colony ? Its uselulness for postal purposes has been lessened since the Peninsular and Oriental and Orient Companies have given us a weekly mail to and from Emope. Still, in this respect the San Francisco service is not valueless and in time of war an alternate route via America would keep open a second line of communication. As a passenger service it has its value, and for the furtherance oi trade between Australia and America it would serve an end ; though perhaps on these grounds its development should be left to private enterprise. But all the purposes for which the San Francisco service is useful would be available for the Australasian colonies generally, and therefore if a subsidy is required for its continuance other colonies should be asked to pay their share of it. Looking at the immense developmcntof intercoui-se between the AngloSaxon communities in Europe, America, and Australia, we can scarcely imagine that an important line of communication which has been open for more than twenty yeais will be allowed to be closed ; and yeb it can hardly be for the colony of New South Wales, embracing one percent, of the whole, to do more than take a share of the responsibility of keeping it open. Doubtless Sir Henry Parkes will take counsel \* ith the Piemier of the other colonies on the subject."'

DISGRACEFUL CONDUCT OF UNIVERSITY STUDENTS. Some disgraceful proceedings by the University btuctents took place at the Melbourne Exhibition-building. They marched in a body a couple of hundred strong, in their caps and gowns. On reaching- the turnstiles they pretty well blocked the way, and those who could not get through leaped over the fence. They entered the building and marched down the avenue, carrying a tlag displaying a skull and cro.sa-bone&. Some of the leaders were armed with human thigh bones. As they went along they bang Englifch and Latin doggrcl composed for the occasion. They took possession of the % erandahs lound the lake in the western annexe, where they held a concert. They then took to smashing the furniture. The police can^c upon them there, and took several of tneir names.

THE CONVICT GASPARINI. Sydney, August 22. 1 ha\ejust seen Detective Walker, who returns to Auckland by the Manapouri next week. Ho is quite satisfied that the missing man jumped overboaid the night before the arrival of the steamer in Sydney "Detective Walker accompanied the &teainer to Newcastle, and upon arrival made another search with a large body of Newcastle police. He remained on board all the time the vessel was taking in her coals, and returned to Sydney this morning. The purser of the \\ akatipu, who speaks French, says that Gasparini told, him that lie would never go back to, New Caledonia.

The pink of fashion— Artificial blushes. How to Avoid Getting Dvuuk.— Keep sober. Obituary .Notes. —The mu&ic of the Dead Sea.