AUSTRALIAN NEWS. By Electric Telegraph.—Copyright. (PER PRESS ASSOCIATION.)

North Otago Times, Volume XXXVII, Issue 8124, 8 November 1894, Page 2

AUSTRALIAN NEWS. By Electric Telegraph.—Copyright. (PER PRESS ASSOCIATION.)

Received November 7, at noon. Sydney, November 7. A forecast of tho Financial fS'atonienij s\ys that owing (o the present position of nuances it in practically impossible to do away with tho L 600.000 of taxation re* coivud through tho Customs. It is expected that tho Treasurer vrill ask tho Houso to piss tho Estimates for six months, and allow a readjustment of tho tariil to stand ovor till the Es imatea of tho new financUl year havo to bo pro* pired. Ib is believed that tho deficit foe Lho year will amount to half a million in addition to the accumulated dolioit of tho previous year. Mr B< unker, Colonial Secretary, stated In thn Assembly thai under tho old Electoral Act the cost of a general eloo tion wag about LlO,OO0 f but under tho now Act the ro was a continuous outlay* Already LOO, OOO had been spent-, and, before another oloction cornea raund, ho believed tint fully LlOO,OOO *ould ba expended.

Received November 7, at C.5 p.m. Adklaidc, November 7. T ho Treasurer hag introduced a Bill to consolidate the whole public debt, and authorising the creation of 'S\ per cent inscribed stock. It also provides for tho appointment of three public debt commissioners.

Bkisbane, N ivombo 1 * 7. John Will;ird, of Now South Walos, lms been committed for trial on a charge of stealing receipts for registered lettors.

Received November 7, at 1.50 p.m. Melbourne, November 7. Therulway receipts show a slight falling oil as compared with hst year. A wool scourer named Taylor, or Ifoylor oa ho sent in hia name, working at Glon Lyon Station, in the Barrier district, South Australia, won tho firat prize in Tatfcersall's LI consultation. Sabine, a brewer in tho aamo district, drew Patron in tho fa swoop. Da we, tho jockey, whose father won tho Melbourne Cup in 1803, snya that ho novor dreamt he had a possible chanco of winning till tho horses cirae back to htm near fcho homo turn, aftor which Patron noarly cutao down through Piria Htatnb* ling, whilst ho was also jostled between N.icU and Devon. Aftor an all-night sitting tho Assembly passed tho Ltnd J3ill through Committee,