SOUTH AUSTRALIA.

Hawke's Bay Herald, Volume XXX, Issue 10018, 17 June 1895, Page 2

SOUTH AUSTRALIA.

Adelaide, Satarday. The liquidators of the Federal Bank of Australia have' obtained permission of the Court to remit a inither £7000 to London to pay another dividend of a shilling to the British creditors. This makes six shillings la the pound paid since the stoppage. Theßegister, commenting on the recent local loan, saya the fact that those with surplus oaßh are eager to accept 3J per cent for their money should make the Government pawe before undertaking the business of money-lender on what must be presumed to ba doubtful mortgages. Where the security is goad plenty - of money is available, but the possibility . of securing <* money-letider who can be lDflaenced by politicians ia want of rotes is a consideration that appeals to many voters who put self-interest fired and the credit of the conutry after. IF the Government continne to ignore the danger, Adelaide may have to go throngh the same bitter experience as Canada and. somff other countries, where State money ' "'" loans were tried with disastrous efftcts. TASMANIA. „, . . HOBAET, Saturday. Ine Income t*x is not nearly realising the estimate, and the Government Intend to propose a separate dividend tax In order to reach business man who escape the income tax.