AUSTRALIAN NEWS.

New Zealand Herald, Volume XXVIII, Issue 8632, 30 July 1891, Page 5

AUSTRALIAN NEWS.

Press Association.— Telegraph.—Copyright THE VICTORIAN DEFICIT. ; ' "u > Melbourne, July 29.'i The Victorian Budget shows that the revenue for the last year fell short of t the estimate by £290,000, leaving a debit balance of £797,000. The revenue next year is estimated at £8,819,000, and the expenditure at £8,982,000., The railway revenue for next year is estimated at £3,500,000, and the expenditure at £4,181,000. In view of the condition of trade, the Colonial Treasurer does not deem it advisable to propose - any new taxation, but will take power to issue Treasury bonds to the extent of three-quarters of a million. It is hoped, however, that this sum may not be all required, and that by a policy of economy the Government may' mak«> both ends meet. - . SCULLING CHALLENGE., ,r - • Sydney, July 29. ; - Sullivan has - challenged Stanbury to row for the championship of- the world and £200 a-side. Sullivan prefers that > the race should be rowed about November next. ' " ' ' - - THE END OF THE SHEARERS' DISPUTE. \ ' ' Sydney, July 29. At the conference with the Pastoral- - ists' Union the shearers unanimously signed an agreement undertaking to work with non-unionists, the pastoralists, on their part, agreeing to prevent the employment of This amicable settlement of the difficulty has given great public satisfaction.