AUSTRALIAN NEWS

Taranaki Daily News, Volume LII, Issue 388, 13 May 1910, Page 5

AUSTRALIAN NEWS

THE ABERDEEN LINE. | ity Cable—Press Association—Copyright. Sydney, May 12. The agents of the 'Aberdeen line art! advised that the steamer Norsemen w ; U take .up the running of the Pericles,' pending the completion of a steamer now under construction. STORM IN WESTRALIA.

Fremantle, May \Z. j During a storm mi Tuesday the tid'!, which was the highest on record, ctiu considerable damage. Mtemy small boats were smashed. There was a severe earth tremor along the mining belt yesterday morning. The ground perceptibly heaved. MOUNT LYELL MINING CO. Melbourne, May 12. The report of the Mount Lyell Mining Company for the half-year ended March shows a net profit of £115,5?5. After writing off £24,031 for development and depreciation a dividend 01 is 3d and a bonus of fid per share is Jielared, payable on June 15. The surplus of liquid assets over liabilities totals £450,147. INDUSTRIAL PROSPECTS. Sydney, May 12. The report of the Labor Bureau states that the industrial prospects are generally bright, and a good winter ,s assured. NATIONALISING-'THE DRINK TRAFFIC. Sydney, May 12. Speaking at a luncheon of the Li censed Victuallers' Association, the State Treasurer declared that the proposal that the Government should take ovor the drink traffic and make it a State concern was one which would not «iar close investigation. The Government would have to find £12,000,000 to do if. which was a practical impossibiltiy, w cept over a long course of years.