AUSTRALIAN NEWS

Hawke's Bay Tribune, Volume XXII, Issue 221, 1 September 1932, Page 8

AUSTRALIAN NEWS

FEDERAL PARLIAMENT ATMOSPHERE OF TENSION. COUNTRY PARTY HOSTILITY. Canberra, Aug. 31. The Federal Parliament resumed today in an atmosphere of tension due to the open hostility of the Country Party, which desires a higher exchange and an immediate revision of the tariff. Senator P. Lynch (West Australia) was elected president of the senate, defeating the former president, Senator Kingsmill. In the House of Representatives the Prime Minister (Mr Lyons) gave a comprehensive survey of the Ottawa results as affecting Australia. He praised the part played by the delegates. He also summarised the con cessions by Australia to Britain, and added that he would ask Parliament to give effect to the Ottawa agreement , which he described as most satisfactory, after the return of Mr Gullett, Minister of Customs, on September 24. Mr J. H. Scullin, Leader of the Opposition, expressed the fear that too great a price had been paid for what was obtained at Ottawa, as the Commonwealth’s hands had been tied in the matter of tariff.

OPTIMISTIC REPORTS. INFLUENCE ON MARKETS. Sydney, Aug. 31. The Stock Exchange was to-day in fluenced by optimistic reports from many quarters. The market was very active and prices generally moved in favour of holders. Banks.—Bank of New South Wales £29 10/-, Bank of Australasia £ll, E., S. and A. Bank £4 16/-, Commercial Bank of Sydney £l6 7/6, National Bank (£5 paid) £6 2/3, Commercial Bank of Australia 56/3. Sugar.—Colonial Sugar £5O 2/6 Adelaide Steam £1 0/9, Fairymead Sugar £1 3/9, Millaquin Sugar £1 6/3 Other stocks.—Electrolytic Zinc 17/6, British Tobacco £1 13/10$, Tooths £1 12/11, Tooheys £1 1/4s. Dunlop Perdriau 15/4s, ditto pref. £1 10/6, Goldsbroughs £1 8/4s, Winchcombe Carson £1 4/Is, Wilcox Mofflin 6/-, Berlei £1 5/-, Australian Glass £2 3/9, Australian Gas A £6 13/6, Henry Jones £1 14/3, Broken Hill Proprietary £1 0/Is, South Brokens £2 9/-, ditto New Zealand delivery £2 9/-, North Brokens £3 10/-, Zinc Corporation £1 10/6.

Bonds.—Four per cents 1938 £99 16/3, 1931 £99 17/6, 1944 £99 16/3, 1947 '£99 16/3, 1950 £9B, 1953 £9B 2/6, 1951 £9B 3/-, 1961 £99 5/-. Melbourne. —Dunlop Perdriau 12/3, Electrolytic Zinc 17/6, Gordon and Gotch £1 10/-, South Brokens £2 9/3, North £3 11/6. DAYLIGHT ROBBERY. TRAY OF DIAMOND RINGS. Sydney, Aug. 31. A man smashed a large window of a leading jeweller’s shop in Pitt street and seized a tray of diamond rings valued at £BOO and rushed across the street, but was impeded by the heavy traffic. A postal detective happened to be nearby and gave chase and caught the man, who during the struggle dropped the tray and the rings were scattered everywhere. Obliging pedestrians gathered them for the shopkeeper, who eventually discovered that many were missing. Edgar Hales, aged 35, engraver, was charged with the theft of the rings.

BANK LENDING RATES. REDUCTION ANNOUNCED. Melbourne, Aug. 31. The Bank of Australasia, the National Bank of Australasia, the E., 8. and A. Bank, the Union Bank and the Commercial Bank of Australia announce that a further reduction in lending rates will take effect on October 1. DISCHARGE OF REVOLVER. BOY CRITICALLY INJURED. / Sydney, Aug. 31. Three small boys were playing with a loaded revolver at Randwick. The weapon accidentally discharged and a bullet entered the head of John Eneny, aged eight, who is now in a critical condition. ATTACK BY KANGAROO. POLICE SERGEANT INJURED. Sydney, August 31. A neighbour of Police Sergeant Saunders attempted to render assistance when a pet old man kangaroo attacked Saunders, inflicting terrible wounds to the head and chest and ripped off most of his clothing. THE SAYWELL MURDER. CORONER’S INQUIRY OPENED Sydney, Aug, 31. Considerable interest was taken in the Coroner’s inquiry into the murderous attack on Victor Saywell and his wife last‘April, resulting in the death of the former and the probable permanent disablement of his wife, who is unable to speak or attend the inquiry. A son, Jack Saywell, was the chief witness. He gave evidence that he

was in the company of a young woman the night before the tragedy and arrived home at 2.15 in the morning. He was not aware that his parents had been attacked or were so near death. A maid discovered the crime when she visited their bedroom at the breakfast hour. Jack said that his father had objected to his keeping company with a Roman Catholic girl, but nothing more than the usual squabbles occurred. His parents had also objected to his staying out late at night. The hearing was adjourned.