GENERAL CABLES.

Taranaki Daily News, 4 November 1916, Page 2

GENERAL CABLES.

BROKEN HILL LOAN r Australian-N.Z. Cable Association. Sydney, Nov. 3. The Broken Kill Proprietary Company is floating a loan for £400,000, the balance of a million authorised to provide further extensions of the Newcastle Iron and Steel Works. The Commonwealth Bank is the principal underwriter; TAXATION PROPOSALS. Adelaide, Nov. 3. In the Assembly the Treasurer renewed taxation proposals similar to those the Council rejectd last year providing an increase of a halfpenny in the £ on the land tax, and a reduction in the income-tax exemption from £2OO to £l5O. WHEAT. The Government Statistician reports that the agricultural season is most favorable. He estimates the wheat yield at 11J bushels to the acre, totalling twenty-eight to thirty million. MORE INCOME TAX. Brisbane, Nov. 3. In the Assembly, the Budget was delivered. It provides for an additional income tax, which is expected to realise £160,000. AUSTRALIAN STRIKES Sydneyfi Nov. 3. All prospects of a speedy termination to the coal strike have been disipated. It is expected that to-day every colliery in the eastern States will be idle. Already shipping at Newcastle is paralysed, and the trouble has spread to Lithgow, where a thousand men are idle. A gratifying feature is that the transports will not suffer, as the authorities, anticipating the trouble, secured large supplies. The State coalminers have ceased work in sympathy with other strikers.