LATE CABLES

Evening Star, Issue 18332, 20 July 1923, Page 8

LATE CABLES

Press Association—By Telegraph—Copyright. Australian and N.Z. Press Association,

SHIPPING COMPANY’S HEAVY LOSSES.

SYDNEY, July 20. (Received July 20, at 11.30 a.m.)

Tlio Patrick Steamship Company, is going into voluntary liquidation, but the company’s interstate services will bo continued pending the sale of tho assets to another concern. Tho company was inaugurated in 1919 with a capital of £BO.OOO. Tho sum of £IO,OOO was added in 1921. Tho company was not associated with the Australian Owners’ Federation, and it was unable to survive tho latter’s competition and tho general depression. The assets may _ balance tho liabilities, but the share capital is wholly lost.

THE MISSING YACHT,

MELBOURNE, July 20. (Received July 20, at 11.30 a.m.) Fishermen found the missing yacht, capsized off the Moniington fishing grounds. There was no trace of MThevsou or Davies. A coat and hat found later in the day me believed to have belonged to the missing men. All hope has been abandoned. [A Melbourne cable of the 7lh inst. stated: “During a storm at Western-port on Sunday a fuming boat overturned, and two men named Uaobich and lloscoe were drowned. Two others managed to swim ashore exhausted. Another disaster is feared. A yacht with uve- mm; and a bov aboard went out in the same storm, and tho vessel is missing.]

IMPRESSIONS OF AUSTRALIA.

A CANDID FRIEND,

SYDNEY, July 20. (Received July 20, at 12.30 p.m.) Major C. P. Allen, P.C., after a short visit to Australia, has sailed for New Zealand.

Interviewed in regard to his experiences hero, he caustically criticised Australia. He declared that Australians did not like criticism. It simply bored them. They were cocksure people. They were sure that they won tho war; but every nation was sure of that. He came expecting to find that Australia, as a new, democratic country, had solved many of the problems which troubled the Old Country, but his experiences led him to ask: “Have you solved one'.’ You certainly have not solved the drink traffic, nor found any better way of settling strikes.” Then, economically, how could Australia hope to bo progressive as an exporting or_ manufacturing country while she remained in her present vicious circle, bred of protection and tho high wages which irresistibly follow high prices, and act and react upon one another? Australia’s high duty ■‘an sugar, dried fruits, and other products did not make for imperial unity. Ho commented on tho aggregation of the. population in the cities to the neglect of the development of the country. In sailing along the coast and seeing wide stretches of unpeopled country, ho had many times said to himself: “A great unused continent.” Regarding schemes for the settlement of Britishers', ho had been informed that deliberate birth control had prevailed in Australia since 1886. It could therefore be said that Australia was not doing its duty towards finding population for itself. [Major Allen was 31. P. (Liberal) for the Mid or Stroud Division of Gloucester from 1900 to 1918. Ho is a newspaper proprietor and barrister-at-law. He served in tho Great War.]

AN INDIAN BANK

GOVERNMENT CENSURED,

DELHI, July 19. (Received July 20, at 1.20 p.m.) After a heated debate, the Assembly passed a vote of censure on the Government of India, with a majority of nine, for its intervention in connection with the Alliance Bank’s affairs. The motion was moved by a prominent Indian member, and was strongly supported by other Indians. Their contention was that the Government had no right to afford relief to the Alliance Bank sufferers unless it was prepared to give relief to other bankrupt concerns, which it had refused to pledge itself to do. The Minister of Finance, in replying, declared that the Government took the action it did in order to prevent a financial panic. He denied that there was any racial feeling on the part of the Government because many of the depositors in the bank were Europeans.—A. and N.Z. Cable.