AUSTRALIAN NEWS.

Taranaki Daily News, Volume LV, Issue 178, 14 December 1912, Page 2

AUSTRALIAN NEWS.

i PROSPEROUS MELBOURNE. ) . {By Cable—Press Association—Copyright, j Melbourne, December 13. J A property in Swanston street, op- | posite St. Paul's Cathedral, was sold by j auction for £23,500, over. £1175 per foot, {a record for Swanston street. ] SYDNEY BtIILDING ROOM. ! Sydney, December. 13. j In 1012 £6,250,000 'was expended in J new buildings in Sydney, an increase of ] £750.000. The new buildings number nearly eight thousand. Both figures are , records. A VICTORIAN LOAN. Loudon, December 12. Victoria is borrowing £2,000,000 for ] the construction of railways and rolling stock and £1,000,000 for various works. A LOAN THAT MISSED. Sydney) December 13. Mr Cann, the Treasurer, has received , a report from Mr. Coghlan, Agent-Gen-»cral, of the partial failure of the recent three million loan. Only half the amount is available after he believed it had been touted. Mr. §oglikn thought the money was available, and is unable to offer a reason why the negotiations were suddenly declared off by the London and Westminster Bank, the Government is I negotiating a further loan to an amount I exceeding one and a half millions. { EARLY CLOSING. Sydney, December 13. The -Shop-Butchers' Union has decided jto give the legal week's notice, but the .men will not be open to re-engagement except on the understanding that the shops will close at six o'clock on Saturdays. The barrier to an agreement with the master butchers is the existence of small shops without employees If those refuse early closing it is probable that slaughtermen will take action to prevent these receiving supplies