AUSTRALIAN NEWS.

Waikato Times, Volume XXXVI, Issue 2957, 27 June 1891, Page 3

AUSTRALIAN NEWS.

(BY JC.ECTKIC —(JdI'VUIOUT.) SYDNEY, -lull''. 'J~>. OVINi; to the satisfactory development of the mine tho directors of NcottyV, Coromandul, have decided to offer the (irst issue of reserved shares to the preOfint shareholders. Fifteen thousand of the shares have already been applied for out of a total of -JO,OOO. Applications close on 7th .1 ulv. Tho Intercolonial Stock Conference recommends the establishment of stock institutes, under the directorship of Mr Loir. The annual coat in estimated not to exceed .CKH'II, which the dillcroHt colonies will he asked to contribute in proportion 'o their stock. New Zealand would tlai.s pay 1 '■>- per annum. .Regarding the cr.tiiblishiiieht ot unitonn regulations the I wuferenee expects, fiom the terms ol a telegram received from the lion, I. Mcl\cii/.ic. Minister of Lands, that Now Zealand will agree to adopt them as far as practicable under the circumstances of the colony. June 'JU. At a meeting of the shareholders oi tlie North Kapanga syndicate, it was decided to carry out immediately the diiving of n tunnel lo cut the line of the Kapanga Company's reel, and for this purpose a call of JC-0 per share will he made. News comes from the Mauds of the wrcck of the American brigantino George Douglas at Kingswell Group. The crew are nil safe. A severe storm swept over the Ellice Croup, reaching the_ Gilbert Group. Heavy damage was inflicted on the latter, many islands being inundated by tho sea, and a large quantity of wreckage was washed ashore apparently from a Dutch vessel. M I'.i.iairttsr., .[i;ue _(>. C.ipt. Whitney his completed h'.s first half million ot cartridges, and received the bonus of £">OOO. Tie.', tests were satisfactory in every respect. The House pas;-ed the Addrcs.'wnKeply, the anieiidnient moved by .Sir b. o\Loughlin objecting to the I t deration liill meeting with no support. Aiiki,.\ll»t,, .lunc -I. The Kail of Kintore, Governor of South Australia, baa addressed a memo randutn to the Government on the subject of his overland tour, from which he returned a few days ago. He argues that cheap labour must be a prime factor in the problem of the successful development of the Northern Territory, which white men ate physically unfit to inhabit. Some active itcps must be taken to forward settlement, as I'almerston cannot long stand tho exodus that is^ taking plane, which extends even to the Chinese. The depletion of population much further will, His Excellency considers, render the place inoribuud.