LATEST AUSTRALIAN NEWS.

Wairarapa Daily Times, Volume XVI, Issue 5042, 4 June 1895, Page 2

LATEST AUSTRALIAN NEWS.

Rcnuwl June -I, IO.HO u.m. Sydxev, Juncl. The experts are of the opinion thai the kaolin development in the Central Jlinc eclipses anything yet discovered there. Tho character-i isties arc similar to those of a find! in illoek X. some years ago, and are thought to be a continuation of that lode. Ai)Euii)i:,.lune4. Tho shareholders in the Central Mine, in view of the new discovery, are calling a meeting to arrange to prevent the sale of the property. Some large sales of wheat have been transacted for export to the oilier colonies, and include 10,000 hags at 3s for shipment to New Zealand, which colony is also making large purchases of Hour.

BIiISHANK, June -t. In consequence of the recent strictures during a trial at Georgetown, the Government has withdrawn from the District Court its criminal jurisdiction for twelve months, Kenived, Jnue-l, WAS n.m. Svuxty,,lnni'4. The Banking returns of the Australian Colonics, show the position to lie much strengthened since ISO 3, when there was £l4 of proprietory capital per £IOO, as compared with £22 per £IOO now, and the nett earnings shown by tholast two half-years. The dividend payments by the banks not reconstructed have decreased as compared with 189:3 by £1(33,000 and the reconstructed banks by £281,000. Approximately the dividends paid on the unreconstructedi banks' paid up capital has been reduced from 100 per cent to 57 per cent and the case of the reconstructed blinks from 100 nor cent to 2-li.

The Scaham colliery has been closed down because it is not paying, A heavy gale is raging on tho south coast.