AUSTRALIAN NEWS.

Taranaki Daily News, 3 July 1916, Page 2

AUSTRALIAN NEWS.

•at-. SHEEP SHOW. By Cable.—Press Association—Copyright Brisbane, July 1. At the Sheep Breeders' Show, C. II Ensor was awarded second prize for a pen of ten fat wethers suitable for export. At the Sheep Show luncheon the Chief Secretary, Mr. Black, said that a reliable estimate of the present season's woo! clip was 800,000 bales, compared with 900,000 in the previous season. The latter had sold for twelve millions sterling but, owing to the higher prices, it was estimated that the present clip would return £325,000 more. The President sounded a warning that the home countries and the Allies, owing to the crippled buying powers, were unlikely to require so much wool after as before the war and said that Australia would be faced with the problem of disposing of her surplus. He urged the neeu of caution in adjusting post-war trade. One patch of silver lining was that Russia and Japan were likely to buy more wool. 3'HE WAITOMO ASHOK& Brisbane, July I The Waitomo is ashore near Rattray Island, but will not require assistance. NEW SOUTH WALES. Sydney, July 1, The State revenue for the year was £10,023,390, and the surplus 'over expenditure £149,000. VICTORIAN DEFICIT. Melbourne, July 1. The Victorian revenue was £11,009,584, and there will be a deficit of probably £250,000. THE INSPECTION OF MEAT. 1 Sydney, July 1. The Federal authorities are taking ovej. the inspection of all meat for export. ' \USTRALIAN MEAT TRADE. Sydney, July 1. Meat traders approached Mr. Tudor to endeavor to obtain freer export for frozen meat in the ensuing season. Now the bad spell was broken they considered Australia should get the advantage of the high prices. The figures of meal afloat from New Zealand, etc., showed an alarming situation as far as Britain was concerned. The position was being jeopardised because ships being insulated meant the diversion of trade to New Zealand and the Argentine. Mr. Tudor thought it best to consider local commerce. Instead of asking the British Government to release all Australia's meat he would prefer to ask it to take control of that from the Argentine. WAR CHEST COLLECTIONS. Brisbane, July 1. The court of the War Chest collections is incomplete, but so far it is about £23,000. CONSCRIPTION QUESTION. Sydney, July 1. The Political Labor League executive has decided to abandon the consideration of conscription provided membora of the Labor Party refrain from openly advocating it and await Federal I action.