AUSTRALIA.

Lyttelton Times, Volume CXV, Issue 14071, 28 May 1906, Page 9

AUSTRALIA.

<> , United Press Association—By Electric Telegraph—Copyright. AUSTRALIAN MEAT FOR JAPAN. SYDNEY, May 26. A Tokio firm has opened a depot for the sale of Australian meat. THE EARTH SUBSIDENCE AT NEWCASTLE. (Received May 27, 10.42 a.m.) A departmental -inquiry was held into the subsidence at Shepherd’s Hill, Newcastle. While not definitely fixing the cause, it is believed that it was due to the fall of the rcof in the workings of the Seapit mine. It is confidently expected that no further serious developments will take place. \ VICTORIAN FINANCE. (Received May 28, 1.25 a.m.) MELBOURNE, May 27. Next year a- four million loan falls due, and another of two million in-the following year.. Mr Bent ia unable to say at present whether any portion will be taken up locally, but in view of the-so redemptions ho thinks it unlikely that any reduction in the income tax would be proposed.