Australian News

Inangahua Times, 24 August 1931, Page 3

Australian News

(United Press Assn—By Eiectric Telegraph—Copyright.) MUNGANA CASE JURY ASKS FOR MORE TIME LOCKED UP UNTIL THIS MORNING BRISBANE, Last Night. ] The jury in the Mungana ease sent ( :i message To Mr Justice (Blair this morning that they required more time] to consider the evidence, whereupon] they were locked up until Monday! morning.

* .rr «?£&.> The Mungana Caw Verdict for Theodore and Co. Reed 1 35 p.m. Brisbane, Aug 23 Ihe Mungana jnry found that Theodore al no time was a party to any conspiracy, nor had the ntoney paid to hitn by McCormack been in respect of the sale of Mungana Mines, or of any inteiest held It' Tbeordore therein The Jury’, answers were in favour c.f all th« , defendants for no damages. Judg ment was given for Theodore, McCormack, Reid and Goddard with costs be faxed.

New Zealand Finances Sydney Labour Daily's Scream ' - —>' V hMI Reed 10 20 a rn Sydney, This day With a front page streamer. S O.S. from the Land of Propaganda," the Labour Daily say* “ How correct was ’his paper’s

recent diagnosis of tb- financial an economic position in New Zealand may be gauged by a cablegram from Wellington, published here on Saturday. Panic has seized the Tory legis lative in the laod of Forbes and Coates.

Since the Labour Daily’* ctiticism has awakened t!i slumberous Dominion to lealm-s there has been tbe fist real stocktaking of Niemeyerism—mer slashing of earnings—has failed ever more dismally than all the otl.e countries where the Otto blight hi fallen. ;

For two years the New Zealand Tory press has cloaked the perilous position there by drawing attention every day to the shocking examplr of Australia. As the tesult of this slandering of the Commonwealth, oar securities have depreciated twenty-five to thirty-five per cen below par, while those of Ntv. Zealand have gone up to a premium £7 10s to £l7 10s above pu Had the propaganda been tbe other way the prices would have been reversed in favour of Australia and against New Zealand.

Flood* in South Australia Land Inundated I Reed 10 20 a.m Adelaide, This day The districts in the neighbourhood of Murray bridge are threatened by aa immense volume of water. About 700 acres were inundated when the banks of ihe Murray broke at Glen Lossie. Four settlers were flooded out at Poude, while at Swan tbe reach of water rose to 10 feet in the main street. 100 Families Abandon Homes Reed io 30 a.m Mannum is in fbe grip of the flood Over 100 families have been forced to abandon their bouses as tbe result of the bank giving way. The main street is covered to a depth of several feet.

The settlers lower down tbe Murray are fleeing.