AUSTRALIAN NEWS

Waikato Times, Volume XXXI, Issue 2497, 12 July 1888, Page 2

AUSTRALIAN NEWS

(By Elkctkic Telkciuaph.—CorvuiGiiT.] Sybsky, July 10. The Sydney Morning Herald, commenting on the last New Zealand loan, remarks that tin; confidence of British investors in the colonies has been submitted in the case of New Zealand to a severe tost. Borrowing to pay oft* debt cannot always be regarded as a satisfactory way of reducing obligations, and the issue of Treasury bills, pending an engagement not to go upon the market for throe years, is an indication of great monetary pressure and inconsistency. While the general outlook of the colony's financial affairs may not prevent the purchase of its securities, the actual character of its finances must affect their price. Hanlan and Korap have arranged to row the noxt match for the championship of the world on September 28. Melbourne, July 11. The brig, Restless, for Sydney, which was disabled during a heavy gale, has arrived. Her master reports that the force of the hurricance strained the vessel severely, causing her to leak badly and throwing her on her beam ends. The masts had to be cut away, and at one time there were eight feet of water in the hold, the crew working continuously at the pumps. Arthur Daly, a solicitor, charged with forging signatures to some land transfer applications, has been acquitted. Perth (W.A.), July 10. Fifty pounds of stone from the Jubilee reef at Kiuiberloy have boon tested, and yielded eight pounds of gold. The general character of the stone is fairly equal, and is expected to give an extraordinary yield. A suspicious death has been reported to the police as having occurred at Botany, and is now under investigation. A man named Collins died on Sunday. Mrs Collins' first husband, a man named Andrews, died thirteen mouths ago, and his widow married Collins a few days later. The doctors in both cases were puzzled by the symptoms. Andrews, the first husband, had his life insured. Brisbane, July 10. Intelligence has been received from New Guinea that the blacks have massacred six inhabitants of Biona, and kidnapped three children. The Commissioner succeeded in punishing the natives, and the children were recovered. July 11. The Government intend to pursue a vigorous public works policy.