Largo Deficit In New South Wales.

Auckland Star, Volume XVII, Issue 236, 7 October 1886, Page 2

Largo Deficit In New South Wales.

SyiiNKY, this day.—ln tho Assembly last night, the Colonial Treasurer, stated that tho estim/Ued rovenu'o not being realised, the deficiency at the end of tho financial year -would bo over two millions. Ho announced that the Income Land Tax Bills would bo submitted to Parliament next session. Sottlemont In New Guinea. — Important Proposals. LonDON, October s.—Captain Everill has ! made an offor to Mr Stanhopa to expend a quarter of a million in establishing trading stations and exploring >'ow Guinea, if guaranteed concessions. Mr Stanhopo is favourable to the proposal, but haa not arrived at any decision Tho Queen and tho Imperial Institute. London, October 5 —Her Majesty the Queon has intimated that she would prefer a vote for the establishment of an Imperial Institute before tho contemplated purchase of a Capo diamond, worth at least a quarter of a million, which is in the market, or of a vote for the re°toration of Westminster Abbey, which would cost £300,000. The Proposed Imperial Institutu. Mklbourn'k, this day.—Tho West Australian Government havo offered to contribute five thousand pounds towards the proposed Imperial Institute in London. The South Australian Government expressed inability to contribute, because the expenditure would interfere with the Adelaide Jubilee Exhibition. Mr Gillia?, Premier, Victoria, proposes a joint contribution by the Australian colonies of £20,000.