AUSTRALIAN NEWS.

Taranaki Daily News, Volume LV, Issue 90, 2 September 1912, Page 2

AUSTRALIAN NEWS.

THE BROKEN' HILL COMPANY. j' By Cable —Press Association —Copyright. ? Melbourne, August 81. | At a meeting of the shareholders of | the Broken Ilill Proprietary Company, | the chairman explained the company's I proposal to manufacture iron and steel, j IThe deposits of ore were the most ex- | tensive in the world. Already 680,000 J tons of quartz had been quarried, aver- 5 | aging over 08 per cent, of metallic iron ! I and millions of tons were workable. | The industry would mean the prolongs- » ' tion of the life of the company for ;w '| almost interminable time.

ENTERPRISING MR. McINTOSII. Sydney, August 31. \ Mr. IT. D. Mcintosh's purchase of' j Rickards' run into six figures. I 'COMMONWEALTH NOTES. Melbourne, August 31. The value of Commonwealth notes in circulation is £0,340,200, against which, there is a gold reserve of £3,799,284, AN ABORIGINAL DUEL. Perth, August 31. Two aboriginals Had a duel with spears at Wanda. One was killed and the other badly wounded. TRADE WITH CEYlifr. Sydney, August 31, A representative of Ceylon is visiting Sydney with the object of increasing trade and tourist traffic with Australia. NERA-TAVIUNI COLLISION. .Sydney, August 31. The hearing of the Nera-Taviuni collision case lias concluded. Judgment was reserved. SUGAR COMMISSION. Sydney, August 31. The Sugar Commission has been reappointed in order to give it the increased powers of the Royal Commission Act, overcoming the difficulty which aroso with regard to compelling' evidence at the previous sittings.