AUSTRALIAN.

Thames Star, Volume XIV, Issue 4536, 19 July 1883, Page 2

AUSTRALIAN.

[Received July 19, 1.20 p.m.]

Sydney, This day

At a banquet given to the Ministry last night at Woolongong, Mr Stuart, the Premier, in the coarse of his speech in replying to the toast of the evening, promised to introduce a Land Act Amendment Bill early next session, and stated that the Ministry would stand or fall by its measures. The Premier further announced that the Government would submit an extensive railway policy of a more comprehensive character than any yet placed before Parliament. ■:■■•■■"■"■ Melboubns, This day. The Colonial Treasurer announced in his'statement last sight, that it is proposed to raise a new loan of one million, for the construction of new lines of railway, and in order to utilize the rolling stock and rails now on band. It is further intended to issue a new loan of three millions, to meet old loan* falling due. The public debt or the Colony is now £26,000,000. The Treasurer showed that the revenue from railway* and waterworks, after the payment of all expenses,

wan sufficient to pay 4 per cent on the' capital invested. , j MelboubniS. Yesterday. The manager of the National Mortgage and Agency Company of New Zealand, reports of the local grain market as fol lows :■—Wheat steady, but not in active demand at 4s lls to 5s for shipping i>ar« eels; malting barley quiet at ss ;to 6s; New Zealand oats quieter and weaker at 2s 9d to 3s Id for feeding qualities, and 3s Id to 3s 2d for milling sorts; New Zealand oats, under bond, are slow of sale at 2s Id to 2d 4d. . . ........ Sailed, this morning: The Union steamship Wairarapa for the Bluff. The Colonial Treasurer delivered his Financial Statement in the Legislative Assembly to-night. He estimates the revenue for the present year at £6,100,000. and the expenditure at £6,060,000, leaving a surplus of £40,000. The revenue for the past financial year amounted to £5,770,000, and the expenditure to £5,690,000. Melbourne, July 17. Messrs C. S. Ross and Co., of this city, report the sale of kauri timber, ex Grasmere, at the following average prices: —At per 100 feet super hewn logs, 12s 9d; sawn flitches, 15s.