INTERCOLONIAL.

Evening Star, Issue 9771, 30 July 1895, Page 2

INTERCOLONIAL.

[By Electric Telegraph—Copyright.] lPeb Press association.j

MELBOURNE, July 30.

A meeting of the shareholders of tho Mount Lyell - Company endorsed. • the action of the directors in issuing £150,000 worth of 6 per cent, debentures with the view of developing the. company. These debentures are to rank as a first charge on the property. A section of the shareholders had previously refused to endorse the issue.

Mr Ferguson, the El Dorado hero, lias been awarded ,a certificate of bravery by the Department of Mines. A prospector named Brown found a 2380z nugget at Yondoit, near Daylesford.

At tho annual meeting of the Federation League it was decided to ask the Premier to introduce the Federation Bill adopted by the Hobart Conference without waiting any longer for New South Wales.

HOB.ART, July 30,

In their half-yearly report, the directors of the Bank of Van Diemen’s Land state that owing to the failure of tho lottery it is feared that the entire liability of the shareholders will have to be called up. The liabilities are £350,000, a reduction of £606,000 since August, 1891. SYDNEY, July 30.

The banking returns of the colony for the June quarter show a decrease of liabilities to the extent of £423,000. Deposits bearing interest increased by £BO,OOO, those not bearing interest by £203,000. and private deposits increased by £30,000. The aggregate average assets decreased by £94,000 and the advances by £187,000. The note circulation decreased by £99,000. Coin and bullion were £423,000 in excess of the amount held at the end of the last corresponding quarter. The ‘ Herald,’ commenting on these returns, says: “The tendency shown in the previous year to withdraw money from fixed deposit has apparently ceased. Other noticeable features are that advances continue to shrink, the decline having been almost continuous for two years, and that, with a more ample supply of gold, the banks arc not anxious to force the note circulation. The reserves arc far in excess of what they were before the panic at the end of 1892.”

The railway revenue of tho colony for tho Juno quarter shows an increase of £43,000 compared with last year. The captain of tho brigantine Anthons, which sirnve.d here from Lvaipava, pleaded guilty to overloading his vessel, and was lined £o. BRISBANE, July 30. Tho Treasurer, in his Financial Statement, referring to the Pacific cable, said that the political, commercial, and social aspects of the proposal should commend themselves to every patriotic Quecslander. The saving to the public of the colonics would be £200,000 a year, in which Queensland would largely share. They were now endeavoring in every way to extend the export trade, and moderate cable rates would be an immense assistance.