HOWARD SMITH COMPANY. RECONSTRUCTION SCHEME. Preas Association—By Telegraph— Copyright. MELBOURNE. November 27. (Received November 27, at 10.55 a.m.) The Board of Directors of the Howard Smith Company decided to submit a scheme for reconstruction. Tho proposal is to form a new company with a capital of J85.000.0C0 in £1 shares to take over tho interests of the present company as from December 51. 1914. GOAL PRICES. NO CHANGE MADE. SYDNEY, November 27. At a meeting of the Northern colliery proprietors it was decided to make no alteration in the selling price of coal during 1915. VICTORIAN ELECTIONS. LIBERAL VICTORY LIKELY. MELBOURNE. November 27. Manv of the election returns are incomplete. " The indications are that they will result in maintaining the Liberal Administration in power with practically an undiminished majority. The LiberaL went to tho country holding 41 out of 6-5 seats in tho Legislative Assemblv, and the promises are that they will come bade with at least 43. The citv and suburban constituencies have. a- fiir a, can bo seen, all been held by the -ilting members, and the country eiectorales .-bow but little change.
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AUSTRALIAN AFFAIRS, Evening Star, Issue 15661, 27 November 1914