AUSTRALIAN.
[PER PRBSS ASSOCIATION.) Reoeived February stb, 12.4 p.m. A SCARE IN THE MINING MARKET. Melbourne, February 5. A scare occurred in the mining market yesterday almost amounting to a panic. Broken Hill Proprietary shares fell to £74, but afterwards recovered to £18. The cause is supposed to be the fact that the output last week fell below the average, but there is nothing else known to warrant the alarm. THE WEATHER. Intense heat stili prevails. EXTRAORDINARY DISCLOSURES. The actuarial investigation in the affairs of the Premier Permanent Building Association which recently closed its doors, reveals an extraordinary state of affairs. During three years loans amounting to a million and a half were issued. As an example of the loose way iv which advances were granted, it is stated one person borrowed a hundred thousand pounds, though he was already responsible for five previous L .as amounting to -£50,000. Not o■ of them was paid. Received February 6th, 1.30 a.m. CHINESE RESTRICTION. Brisbane, February 5. The Queen's assent has been given to the Chinese Restriction BilL
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP18900206.2.33
Bibliographic details
Press, Volume XLVII, Issue 74518, 6 February 1890, Page 5
Word Count
176AUSTRALIAN. Press, Volume XLVII, Issue 74518, 6 February 1890, Page 5
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.