LATE AUSTRALIAN NEWS.

Marlborough Express, Volume XXXI, Issue 258, 4 November 1895, Page 3

LATE AUSTRALIAN NEWS.

A NEW TORPEDO. DAMAGES FROM A SHIPPING COMPANY. accidentally" shot on a WAR SHIP. ftJNITBD PBBSB ASSOCIATION.] Melboubne, November 1. Mr Kelly, a resident of Ballarat, is the inventor of a new torpedo, whioh he claims may be launched as a projectile through air or under water, and cannot be interfered with by the ship's protecting nets. Mrs Kilpatrick has obtained a verdict for £790 against Hnddart, Parker and Co, for the loss of her husband, an engineer, who was drowned by the foundering of the Alert. At the previons trial she was awarded £600, but the defendants appealed, with the result mentioned, At the half-yearly meeting of the Royal Bank of Australia, the balancesheet showed that the net profits amounted to £2030, whiob, with the accrued balance of £17,300, has been carried forward pending the readjustment of the Bank's capital account. The Chairman thought the business nothing to boast about. The liabil* ities m six months had been reduced £48,000 and the Bank had maintained a cash reserve equal to 37 per cent, of the entire liabilities. Sydney, November 2. Rolfe, the solicitor convicted of conspiracy m connection with the Butler divorce case, has been struck off the rolls. Mr Reid, the Premier, is m favour of arranging for a compromise with the Legislative Council over the Land and Income Tax Bill. He says there is every likelihood of an honourable settlement of the difficulty being arrived at. Bbjsbane, November 2. H.M.B. Dart has arrived from Cooktown with the body of Sublieutenant Rathbone, who accidentally shot himself while oleaning a revolver. Melbourne, November 1. An imposing ceremony took place to-day at St. Paul's Cathedral on the oonßecration of the Rev. Mr Stretch, of Ballarat, as Coadjutor Bishop of Brisbane, and Archdeacon Cooper as Suffragan Bishop of Ballarat. The Rev. Mr Strefcoh ia the first Austra« lian-born Bishop appointed. A strike has occurred at the Karumburra mine over a question of Black, and 330 men are out. Newcastle, November 1. The New Lambton Colliery is blosing down indefinitely, owing to the slackness of trade. Ninety men will be thrown out of work. Hobakt, November 1. At a meeting of the Chamber of Commerce, Mr Fysh, urging the cause of Federation, said, m referring to the liabilities of the colonies, that a uniform consolidated debt would mean a saving of £1,000,000 annually m interest, which would be more than auffioient to cover the cost of a Federal Government,