AUSTRALIA

Greymouth Evening Star, 26 January 1929, Page 7

AUSTRALIA

(Australian Press Association.) (By Cable—Press Assn.—Copyright.)

WOOLLEN MILLS LOSS. SYDNEY, January 26.

The directors'of the Goulburn Woollen Mills, Limited, have decided to submit to the shareholders a proposal for voluntary winding-up, as they are unable to provide funds to carry on. Continued trading losses through various causes amount to £BO,OOO.

SEIZED BY CROCODILE. SYDNEY, January 25.

A Cairns message states that while bathing in the city swimming enclosure last night, Wevin Conlon, aged 24, was attacked by a large crocodile, which bit a ‘large piece of flesh from his hip, and inflicted deep gashes in Ills back with its claws. He is ixx a critical condition. The crocodile got In through a hole in the baths.

CYCLIST’S SUSPENSION. SYDNEY, January 26.

J. Standen, the Olympic cyclist, who was disqualified foi’ becoming a professional and not honouring a bond to remain an amateur, has replied to the report of his disqualification, stating that he intends to continue to race until he receives propel' official noti-

fication, and will then appeal. In any case he intends to continue to earn

living as a professional. Standen is been billed to appear at the Velo■ome to-night.

UNPROFITABLE PURCHASE. SYDNEY, January 25.

Richard Hyman and his wife Flora, arrived in Sydney from New Zealand in 1926, and invested their life’s savings, £3OOO, in Darlinghurst flats. They have lost everything, and they appeared before the BankruptcyCourt to-day.

In examination, they told the Judge they were victims of misrepresentation, both regarding the respectability of their tenants and the profits from flats. The Court, having heard their story, released them from jurisdiction. They are returning to New Zealand.

QUEENSLAND FLOODS. BRISBANE, January 26.

The weather in North Queensland has improved, although rain is still falling. Traffic generally has been disorganised by floods at Bundaberg. However, the flood waters are receding rapidly. The Proserpine River is in'very high flood, and only a few inches off the record mark, it is still raining heavily, and water is two feet over the railway lines. The - Burdekin River is rising also. Yesterday, the water was over the bridges to "a. depth of two feet. Twenty inches of rain have been recorded since Monday, and there is no indication of a cessation. It is feared that the low lying country will be submerged.