AUSTRALIAN FINANCE.

Taranaki Daily News, Volume XXXXV, Issue 156, 6 July 1903, Page 3

AUSTRALIAN FINANCE.

00MMINT8 OF LONDON PRESS. Received 3,4 36 p.m. London, July i. The Financial Newt, wiring as to tin surplus announced by Victoria, gays it is the mora notable inasmuch as the result was achieved in a year of unparalleled drought. The DaUy Mail hopes the example will be followed by the other States of Australia. The Daily Telegraph states tta announcement is a reassuring factor as regards the Australian colonies. The Morning leader considers the news of the surplus is gratifying. The Morning Advertiser says this earnest eudeavour will go far to reassure investors whom advene criticism ef olonial financial poliey may have disturbed. Beceivtd 6, 1.5 a.m. Sydney, July 5. At the sheep-dog trial in connection with the Bhow, a dog owned by H. L. little, of New Zealand, won the second priz\ Presiding at the sheep breeder? annual meeting, Mr F. B. Sutton said that assuming there were at present ten million breeding ewes in the State, and allowing for the ordinary rate of consumption for food and the yearly increase of 20 to 25 per cent, in four years the flocks would be brought up to the strength of the year, about 40 millions. Sine 1860 this State alone received 266 millions from the sale of wool. Newcastle, July 5. Arrived, New Guinea, from New Zealand.