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

North Otago Times, Volume XXXVII, Issue 8214, 22 June 1895, Page 2

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

Received June 21, at 10.30 a.m. Sydney, June 21. Premier Reid will make a Ministerial statement on Tuesday. It is believed that the Government will send the Land And Income Tax Bills, just passed in the House, on to the Ouunoil, when doubtless they will be rejected, but will refrain from sending the Customs Bill, which has passed the Legislative AsRembly, the usual message forwarding the Bill having been omitted. This step was taken to save time, for if the Bill were now sent on and rejeoted tho Legislative Assembly would require to go over the whole ground next session, whereas under the present arrangement tho Bill can be taken up where it was left oft. The Government) will probably pass the Works Loin Bill, » short electoral amending Bill, and tho Estimate?, and then Parliament will be prorogued for the recess. If the Council rejectn the taxation measures, then a Bill will be inlrodacod to refprm that Chamber, and tho Government will appeal to the county on the question, combined with freotrvle and direct taxation. Received Juno 21, at 11 a.m.

Melbourni, June 21. The Banking Commission examined Mr Smith, chief manager of the National Bank, who said that with a State Bank of issue from a fourth to a third per cent i f the specie hold in lund would prove sufliciont for nil purposes. It would bo no Advantage to have the Htate note iRfluoJ constituted iv leg tl tender everywhoro oxoept in the place of issue. He did not think the credit foncier system applicable to Victoria, as it made no provision for further advances, which only amount to half the vaJue of securities and are not of much asiistance, though it would be a relief to present debtor*, to take adrantage of choap money. Speaking generally, for business done in the colony thero was an excess of specie. What they suffered from was want of confidence. Uooeived Juno 21, at 11.15 a.m.

Melbourne, June 21. A valuable gold discovery 1ms been made in the Pyrenees Ranges, Western Victoria. Four hundred ounces of gold were secured in »n hour. Ooi I

■pecirnm found lix inches from the bop face weighed 42, z. In the cane of IUki? r. the Stun lard Bank. » verdict w»» gif en for plaintifl for L4'J 10«. The Court at™ declared him entitled to one-sixth of the Richmond»«le psUto. Some peculiar finmicins; wm di«« clostd by th« evidence. The C »urt found iha» documrnto between the p«rtie« were executed bj mutual miiUke, procured and induced by fraudulent action, and coitou»led from the bank by it* man»ger f Dillon. It ordeied the documeut to be ratified.

Adelaihk, June 21. Obitatry— Rer. Beckford, the oldest Weslejtn raiuitter iu tb# colony. Pektii, Junt 21. The alluviil disooTerr, 10 miles from Ooolg rdie, ia oonBrmed. Orer * thousand ourtoen were brought in. Received Jane 21. at 11.30 a.m.

Sydney, June 21. The Herald, commenting on the deadlock between the two H<uiei, aayt lhat , the Council musi hd brought iu accord with the deliberate will of the people. The Gjrernment, with the people at it* buck, hat ample power* for exciting the popuhr mandate, nnd it in their duty to nee that no needle*! time it lost in securing that mand »te'a f ulfilnent. There ii now something at aiakeof infinitely more importance than any financial policy. That isiue ii •elf-governmeot by the people. The Daily Telegraph says that the vote taken on an important policy Bill in the Upper House loaves the Government no alternaive but toapnoal to the country. The Government is reported to contemplate prorogation for one or two months, during which time a number of appointments to the Council will be made, and then holding a suasion. Such a policy, the Telegraph says, is one of petty paltering with public opinion. The present moment is one of white heat. Mr Reid has first strike, and ic will probably be the last opportunity of his political lifetime. Dissolution to-morrow would enable him to swoop the country from end 10 end, and come back with a majority unparalleled in Australian politics. If he fails to take advantage of this opportunity he will fritter away his chance to a degree that will involve future political catastrophe. Received June 21, at 10 p. m

Melbourne, June 21. A great meeting of Methodists arranged by th» Federal Council of the Methodist Church, held under the presidency of ActingGovernor Way, of South Australia, for tho purpote of affirming the desirability of union, the chairman, in his speech, referred to the faob that tho Primitive Methodist Conference iu New Zealand was the only body io the colonies which rejected the proposed union. A resolution in favor of unity was curried unanimously. Tho Supreme Court has sanctioned the Colonial Bank of Australia's re-arrangemenb scheme

Adelaide, June 21. Messrs Riddock have thipped 10 bullocks and 100 sheep by the steamer Echuca, which is tho first shipment of live stock sent from this colony to London.