AUSTRALIAN SUMMARY.

Taranaki Daily News, Volume XXXXV, Issue 125, 28 May 1903, Page 2

AUSTRALIAN SUMMARY.

FEB PBESS ASSOCIATION. HxDSMt, May 27. Two shipments, aggregating 7600 tone, of Argentine wheat, arrivtd during the present week. This year to date, wheat and fliur have been Imported representing 4,187,000 butbels, against 1,980,000 bushels for tbeiSAtK period last year, Perth, May 27. G,ll to tbe valoe of £119,000 Att been shipped to India. Melbourne, May 37. In the House of R p-eaanUtites, Mr Reid approved of the proposed naval tgreement, and said Australians joould aot justity anfustt to pay the .£200,000 per annum involved. He agreed with the deoision 1 f tbe Government to allow one question of preferential trade to stand over until af te? t he next si otuns, when, if the country deoided in, favour of protection, the doer might be opened t little mora to the Mo'norland than to foreign countries. He thoroughly bl4 lieved that if they were going to shut tbeir door against British trade, tbsy should shut it cloaer against foreign trade, Out of over 45,000 persons allowed to enter the Commonwealth last yaw without ar.y teat under the loniigration Restriction Aot, 15,266 were frost Z aland. Toe annual report on British <Hew Guinea shows thit the trade totalled £139,000, an increase of £IB,OOO ovsr th* previous year. The imports do* - creised, and tbe experts increased. The totil revenus was newly £17,000, an inorease of £I7OO. Reoeived 27,11.65 p.m. Stout,. Miy 27. Strong southerly gales are blowing, with heavy s-a. Shipping is shelter* iog. It is bitterly cdJ. Received 28,1.5 a,m. ' Melbourne, May 27. It is believed Stott has suicided. The police are. dragging the Yam. At the annual meeting of the Colonial Mutual Life Insurance Company, the report showed an inorease in premium incjme, a higher rate of interest on investments, reduction cf expense! and rates. Received 128,1.18 a,m. Melbourne, May 27. Fifty thousind sovereigns have been shipped for Sou h Afrioa. In the House, Mr Braddon continued the derute. He siid Tasmania had made miny sacrifices to come into the Federation and NZ. had mads none, therefore it was not right to give New Zealand tho same advantages as Tasmania. As a matter of high principle, he believed in retaining New Zealand du'ies. With regard to preferential trade, it would be better to wait till the full text of Mr Chamberlain's speech was avahb'o, but he found it difficult to b'libvo Brit tin had abandoned her histoiic policy of free trade.