LATEST AUSTRALIAN NEWS.

Wairarapa Daily Times, Volume XVI, Issue 4940, 1 February 1895, Page 3

LATEST AUSTRALIAN NEWS.

(Received Feb, 1,11.15 a.m.) Sydnev, February 1. Tho Wickham miners have accepted the reduction offered by the company. United effort is to bo made to send an Australian team to England in

1891), I «Yory rough weather is being ox- { perienced along the const, The Bcboonor Margaret Jane is ashore in Trial Bay, and likely to bocomo a total wreck i At a meeting of tbo Joint Stock Bank, the Chairman stated that an offer was being made to tho holders of. the first instalment of the extended deposits, due in 1897, that tho prepayment of one half be made in several half-yearly instalments, on tho condition that the remaining half be deferred until 1903. The amount thus released would be about £300,000, and the suggestion was likely to bo largely availed of Since tho reconstruction tho liabilities <4 have been reduced by £209,000. The directors he said, believed that the amount placed aside to provide for losses on the business would be sufficiently covered by the reserve funds, this conclusion was arrived at after again recently considering the position of affairs. (Received, February 1, 1 p.m.) Melbourne, February 1. jA The sugar maiket is somewhat ™ excited, over the prospective competition with beet sugar, but the prices are unchanged. The small-pox patients from the ship Cloncurry, are progressing! satisfactorily, and no fresh cases haveoccHiTed. A heavy gale is raging on the coast, the ketch Scotsman has been wrecked. | At the half-yearly meeting of the Broken Hill Proprietory Company, the net profits for six months were shown to be £3-10,000. Tho report stated that there was sullicieni oxidized ore, to keep the plant running at the present rate, for two years. The efforts to find a method of treating the sulphide ore, were still unsuccessful.

Brtsiiake, February 1. A gale has greatly interfered with the shipping, and many vessels are lying under shelter aloug the coast. The pilot boats Laura and Govornor Cairns are missing. Hobart, February 1. The Temperance Convention is » meeting here, all colonies oxcept "Western Australian being represented. Resolutions were carried in favor of universal adult suffrage, and the alteration of the law to prevent the sale of liquors, except medicinally.