AUSTRALIAN NEWS

Hawke's Bay Tribune, Volume XXII, Issue 205, 13 August 1932, Page 8

AUSTRALIAN NEWS

GOLD FROM N.Z. CASE IN EQUITY COURT. GOVERNMENT MAY BE CITED. Sydney, Aug. 12. At the Equity Court to-day further mention was made of £lOOO worth of gold from New Zealand which was the subject of an injunction arising out of proceedings against Wince. The Commissioner of Police, Sydney, was appointed receiver of the gold pending a decision on the injunction, which is being argued next Wednesday. Mr Weston, appearing on behalf of Garrett and Davidson, who desired to prevent the gold being returned to New Zealand, said that the gold was being hawked about in a most embarrassing way, the dispute being one entirely between his clients and the New Zealand Government, whom he proposed to join in the suit.

Percy Wince, described as a ship's steward, was before the court in Sydney on July 29, charged with evasion of duty payable on the export of gold from New Zealand. It was stated that Wince arrived a few days earlier bringing 350 sovereigns and £650 worth of broken jewellery for delivery to a Sydney firm of metallurgists. The gold was seized by the Customs authorities and the police subsequently took possession of the gold, intending to ship it back. Wince's principals explained that they were willing to pay the New Zealand duty, but the police were insistent on shiping it back. However Mr Justice Harvey, at the instance ci Wince’s principals, harnedly granted an ex parte injunction at the Equity Court restraining the Commissioner of Police from exporting the gold to Ne»v Zealand. On Thursday last Wince was before the city court on a provisional warrant from New Zealand charged with being concerned in the fraudulent evasion or attempted evasion of a duty on the export of 207 sovereigns and 219 half sovereigns from New Zealand. Detective Baker said that when Ue arrested Wince after the arrival l of the Niagara in July the latter said that he had no idea of the contents of the parcels in his possession. They were given to him by a man named George Washington m a Wellington hotel to deliver to persons here, who were to meet him in his cabin.

Detective-Sergeant Tricklebank, of Wellington asked the court to order Wince’s return to New Zealand in his custody, and the Magistrate complied “with his request. BUSINESS ON 'CHANCE. YESTERDAY’S DEALINGS Sydney, Aug. 12. The stock market continues most active with prices very firm. Sales. —Bank Of New South Wales £29 18/6, Union Bank £7 17/6, Bank of Australasia (New Zealand delivery) £ll, National Bank (£5 paid) £5 17/-, Burns Philp £2 4/6, Millaquin Sugar £1 6/6, Australian Gas A £6 14/-, ditto B £6 14/-, Australian Glass £2 1/-, British Tobacco (New Zealand delivery) £1 12/6, Goldsbrough £1 7/-, ditto (New Zealand delivery) £1 6/10J, Dunlop Perdriau 13/5, Tooths £1 10/9, 27/-, Winchcombe Carson £1 2/10L ditto (New Zealand delivery) £1 10/7 J, Tooheys 19/9, Henry Jones £1 13/3, Mt. Lyell (New Zealand delivery) £1 1/9, North Brokens (New Zealand delivery) £3 7/-, Broken Hill Proprietory 18/104, Zinc Corporation £1 9/9.

Bonds.—Four per cent. 1938 £99 13/9, 1941 £99 6/3, 1944 £99 7/6, 1947 £99 12/6, 1950 £lOO, 1953 £9B 7/6, 1955 £9B 7/6, 1957 £9B 7/6, 1959 £9B 12/6, 1961 £99 10/-. Melbourne.—Goldsbrough £1 7/-, Metropolitan Gas £lO 19/-, Dunlop Perdriau 13/7, North Brokens £3 7/-, Sulphide Corporation 10/4, Taranaki Oil 2/-. SIGNS OF RECOVERY. FAVOURABLE POSITION. London, Aug. 12. The “Financial! Times” regards th‘movements in Australian stocks during the year as amazing. It instances some New South Wales issues which have advanced over 70 per cent, from the lowest levels.

The paper says: “Australia certainly shows more signs of recovery than most countries. The trade balance is a great achievement even though it must be ascribed rather to the curtailment of imports than an expansion of exports. An improvement in commodity prices is within the bounds of possibility and the prospects of selling the larger season’s dip are brighter.” AUSTRALIAN GRAINS. REVIVAL OF DEMAND. Melbourne, August 12. Until rocently little business has been done in Australian oats with London buyers, but demands are now opening and good contracts for feed oats are being negotiated weekly. Heavy sales of Victorian wheat have been made to Shanghai, Japan and Northern China. Great Britain is inquiring for flour, but exporters are unable to obtain sufficient shipping space. CHARITY IN VICTORIA. 1060,000 TAXPAYERS KEEPING 600,000. Melbourne, August 12. The Premier of Victoria, Sir Stanly Argyle, confessed that he was staggered at the number of persons in Victorio who are receiving Federal and St.i aid. He said that there are 604.51 recipients of State charity, costing

more than £8,000,000 annually. This large army was being maintained by fewer than 100,000 taxpayers. Quite apart from expenditure on un employment relief, the Ministry intends to revise the whole scheme of social payments and to abolish the imposition -of duplication charges. Sir Stanly Argyle cited a typical case of a man drawing a salary of £2OOO a year and also receiving a war pension of 10s weekly. Whole families were living comfortably on charitable doles. THE TIN HARE INQUIRY. ANOTHER EX-MINISTER. Sydney, Aug. 12. At the mechanical hare inquiry Mr M. Davidson, former Minister of Public Works, whose name was mentioned in connection with a tin hare license for Broken Hill, declared that he made no request to anybody for shares in any company being formed for Broken Hill and nobody had any authority to use his name. Somebody committed perjury in implicating him. The Royal Commissioner said that he was satisfied that Mr Davidson was not implicated. Mr Davidson created mirth when he said that Swindell had been introduced to him at the Stadium one night as “Judge” Swindell. He believed he came from Chicago originally. Mr Justice James had introduced him as “Judge” Swindell and he concluded he was a man of some repute. MURDERER WILLS BODY. FOR FURTHERANCE OF SCIENCE. Sydney, August 12. Moxley, the murderer, who is being executed on Wednesday, has willed hi’ body to the Sydney University for the furtherance of science.