AUSTRALIAN NEWS.

Waikato Argus, Volume VI, Issue 448, 15 June 1899, Page 3

AUSTRALIAN NEWS.

[UNITED frkss association.] (BY ELECTRIC TELEGRAPH.—COPYRIGHT). Sydney, Juno 13. Mr Reid has sent instructions to the Agent-General, similar to those sent by Sir George Turner, in reference to the Pacific Cable Conference Brisbane, June 13. The Federal Bill has passed the Legis lative Assembly, and has been read a first time in the Council. Melbourne, June 13. The weather is stormy and bitterly cold. Snow is falling in the hilly dia tricts. Adelaide, June 13. Judgment has been given in the insolvency case of Harrold Bios., merchant?, of Adelaide and London, after being before the Court for ovfr two years and a-half. An enormous amount of evidence was taken, showing a total deficiency on the joint estate of £343,000. Commissioner Russell, after dismissing the trustees' charges on technical ground, dealt with the charges of fraudulently obtaining large sums of money to carry on the business of the firm. He said Arthur L. Harrold, one of the partners, had gamble! iuthe fullest sense, plunßed for fortune, and borrowed on all sides without any reasonable expectation of repayment. He scathingly commented on offences against commercial honour. The three insolvents ware not equally culpable. Leonard Harrold, who_ was iu London, was in a different position to the others. The question of granting his certificate would be dealtjwith subsequently. Earnest Eyston Harrold, one of the brothers in Adelaide, knew the condition of the firm, but was gre tly controlled by Arthur.. He would take a second-class certificate, suspended for three years Arthur would take a second class certificate, suspended for three year*, and on the charges proved against him Arthur would be sentenced to two years' hard labour. The solicitor for the insolvents intends to appc 1.