CABLE NEWS.

Wairarapa Daily Times, Volume IX, Issue 2766, 5 December 1887, Page 2

CABLE NEWS.

Paris, December 1.

M. Grevy lias intimated to the Ministry that, owing to the change in the political situation, lie does not intend forwarding the message to the National Assembly to-day. M. Rouvier the Premier, after announcing the President's intentions to both Chambers, will again tender the resignations of himself and his colleages to M. Grevy, in order that the latter may proceed with the formation of a Cabinet, as he proposed,

AUSTRALIAN.

S\eney, December 3,

Mr G. 11 Dibbs has given notice of a motion of want of confidence in the Government on their financial proposals. The House has adjourned until Tuesday next, when the motion will come in, but there is little likelihood of it being carried. Tho German barque Livingstone,' from Hamburgh, 21st July, arrived here yesterday. She reports having rescued the crew of the .British ship Mora, which was lost at sea whilst on a voyage from Hull to Natal with a cargo of timber,

NEW SOUTH WALES BUDGET.

Sydney, December 2,

The Colonial Treasurer delivered his Financial Statement in the Legislative Assembly last night. The surplus of £910,000 prognosticated by his predecessor was not realised, but instead it was estimated that at the close of the current financial year there would be a deficit of upwards of £150,000. 'ilie' chief increases in excess of estimate were Land Fund, £340,000; ad valorem pd specific customs duties, £119,000; spirit and beer duties, L 130,000; railway revenue, £150,000, all other sources of revenue being less than estimated. In addition to specific appropriations, a sum of £190,000 has been expeuded over rabbjt extermination and providing relief lor the unemployed, The Colonial Treasurer proposes to meet the deficit by readjusting the salaries of civil servants, imposing a property tax of one halfpenny in the £, unimproved land, and also the capital, reserve funds, and deposits of financial institutions being similarly taxed. The Customs tariff provision, provides for the levying of duties on! imported timber and dairy produce. The Statement announces the determination of' the Government not to float a loan for some time, but to is?ue Treasury Ijiljs, The estimated ?evepq foj: the c.qming financial.year amounts t.o £8,781,(!(j0, ajid jibe expenditure <£8,515,700, leaving a surplus