AUSTRALIAN NEWS.

Taranaki Daily News, 28 October 1920, Page 6

AUSTRALIAN NEWS.

By Telegraph.—Press Assn Copyright, London, Oct. 2ii. A brief cabled summary of Air. Theodore's speech at Aiackay created some apprehension among holders, and especially small holders, of Government stock. Mr. Hunter (Agent-General) inquired of Mr. Theodore regarding the accuracy of the report. Mr. Theodore replied that it was garbled. He said that investors in Queensland securities could rest asured that the Government would honorably meet its obligations. Mr. Hunter, in issuing the statement, says it is unthinkable that it could be otherwise, since one of the first charges on the State revenue was iirterest on its securities: He adds that Mr. Theodore is confident that, the £2,000,000 works loan will be fully subscribed. Adelaide, Oct. 27. Mr. McGregor, a woollen manufacturer, who has returned from a trip to the Old World, says that the woo! position in Kiigland is entirely artificial. Wool values will probably drop within twelve months to the pre-war basis, and instead of the £80,000,000 expected by the Commonwealth for the lp2o-21 clip it will be lucky if it gets £25,000,0011. Mr. McGregor anticipates keen competition, profit cutting, and cheaper clothing. Sydney, Oct. 27. Mr. Storey (Premier) will visit Loudon in February to deal with financial matters. Mr. Justice Edmunds lias accepted a commission to inquire into the question of increasing the salaries of members of Parliament.

Melbourne, Oct. 27. The liquor poll shows that 144 districts favor continuance, 08 reduction, and 2 no-license. Brisbane, Oct. 27. Mr. Theodore (Premier) states that Australian meat is marketed in inferior condition at Smithfield, whilst South American k shown in splendid condition. The latter is sold on arrival, but Australian is left lying in open trucks for sixty hours, and sometimes has been stored for a period of three yeans.