AUSTRALIA.

Lyttelton Times, Volume LXXXI, Issue 10272, 14 February 1894, Page 5

AUSTRALIA.

fSPBCIAL TO FbEBB ABBOCIA,TIOir/J A RICH REEF. SYDNEY, Feb. 18. News has been received by the Government of the discovery of a new reef at Hillend, a crushing yielding at the rate of one hundred ounces per ton; The reef can be traced along the surface for five hundred feet. THREE TEARS’ IMPRISONMENT. Legge has been sentenced to three years’ imprisonment for embezzling moneys belonging to the London Bank of Australia. PROJECTED EXPLORATION. ADELAIDE, Fbb. 18. A gentleman named Horn has intimated his willingness to arrange an expedition to scientifically examine the M'Donnell ranges at his own expense. It is proposed to invite scientists from Victoria, Queensland and New South Wales to accompany the expedition, and it is expected that Professor Tate will be the local representative. CHEAP MONEY POE SETTLERS. MELBOURNE, Feb, 18. The Cabinet has decided, after considering the tendency of the high rates of interest charged by the banks to cripple enterprise, to formulate a scheme for advancing moneys at 5 percent to small land holders from the savings banks. TASMANIAN POLITICS. HOBART, Feb. 18. . Parliament has been summoned for Feb, 27. The Premier, in the course of a speech, said that it had been decided to reintroduce last year’s taxation proposals. It was estimated that additional revenue to the amount of JBIOO,OOO was required.