COLONIAL NEWS.

New Zealand Herald, Volume XVI, Issue 5638, 11 December 1879, Page 5

COLONIAL NEWS.

PEDESTRIAN MATCH. [FKOM OUR OWN CORRESPONDENTS.] Melbourne. December 10. It is stated that negotiations are pending between McLean, of Ballarat, and an unknown New Zealauder, to walk 200 miles for £1000 aside. THE CHAMPION MEETING. The betting on the Champion Race is dull. Wilson's string : Petrea, First King, and A vermis, are considered most dangerous. New wheat brings 5s £ J per bushel. THE FINANCIAL STATEMENT. [REUTER'S TELEGRAMS.] Sydney, December 10. The Treasurer has introduced his Financial Statement. The revenue for last financial year was £4,525,000, and expenditure was £5,275,000. The estimated revenue for next year i 5£4,7.02,000, and expenditure £4,985,000. The deficit is to be covered by an increase of taxes on stamps, spirits, Is ; wines (sparkling), 43 ; others, Is ; beer, 3d ; tobacco (leaf), 3d ; manufactured, 0d ; cxcise duties, beer and tobacco, 3d. NEW ZEALAND CATTLE AT THE SYDNEY SHOW. Sydney, December 9. No prizes were awarded to the New Zealand exhibits at the Cattle Show. Maclean, and Co.'s Duke of Newcastle was commended. THE MOONLIGHT GANG. Sydney, December 9. The trial of the bushrangers is adjourned until to-morrow. THE LIREL CASE. Melbourne, December 0. The case brought by the Mulbmimc Daily Telegraph against Mr. Berry has been non-suited, the Court of Appeal deciding that a corporation were unable to sue for slander. SHIPPING. Sydney, December 10. Arrived : Ilero, from Auckland.