COMMONWEALTH CABLES

Hawera Star, Volume XLVII, 10 March 1928, Page 8

COMMONWEALTH CABLES

HEIMS OF INTEREST. THE IRON INDUSTRY. BT CABLE—PHEBS ASSOCIATION —COPY Bid HI SYDNEY, March 9. A new British Australian company has been formed to develop the iron anti steel industry at Port Kcnibla. Two leading British companies and two Australian companies are co-operating, and between them "ill supply an initial capital of £5,000,000 to develop the industry. FIRE CAUSES HEAVY DAMAGE. SYDNEY, March 9. The dauiage at Hudson’s lire is estimated to exceed £60,000. The fire was not discovered till it had obtained a. strong hold. The absence of wind greatly assisted the iirrmen. N.SAV. MINING !INDUSTRY. SYDNEY, March 9. The value of minerals won in New South Wales in 1927 was estimated at £18,497,000, a decrease of £444,000 as compared with 1926. The quantity of coal won last year was eleven million tons, valued at the pit mouth at £9,782,000. This value is the highest on record. The value oi the output of silver, lead and zinc, however, was £4,484,000, a decline of £l,264,000. The iron and steel manufacturing industry continues to expand. The output from ores mined in New South Wales was 119,000 tons, valued at £654.000 an increase of £75,000 as compared with the previous years. The yield, of gold amounted to 18,0320 z fine, valued at £76,000. ' NO ORDER MADE. MELBOURNE, March 9.’ Mr. Justice Starke in the High Court refused to make an order m the Abrahams’ income tax case, and proceedings were adjourned sine die. Judge Starke, in his judgment, said that' the avowed purpose of the proceedings was to use the judgment of the court for the purpose of executing and enforcing an arrangement with the defendants, and so long as that arrangement and purpose subsisted, he was not prepared to., give any judgment lending the aid of the court to any such purpose. -