AUSTRALIAN NEWS.

New Zealand Herald, Volume XXXIII, Issue 10034, 22 January 1896, Page 5

AUSTRALIAN NEWS.

. « , Press Association.-Electric Telenrapli.-CopyrlfchK PERSONAL. Sydney, January 22, Mr. J. R. Fairfax, of the Sydney Morning Herald, left by the Monowai on a tour through New Zealand. GRISTING IN BOND. Melbourne, January 21. A deputation of operatives and miller* waited on the Minister of Customs and requested permission to grist in bond for twelve months. They pointed out that owing to shortness of production there was not sufficient wheat to supply the local demand, and millers were seriously handicapped. In regard to the export trade the shortage was estimated at 1,250,000 bushels. The Minister said the Government and Parliament were averse to gristing in bond, bub he would bring the matter before the Cabinet.

THE CABLE QUESTION. Sydney, January 21. Mr. Cook, the Postmaster • General, considers that) New Zealand and South Australia made a good bargain over the Pacific cable, the former getting a direct Ciiblo, while the latter is relieved of Port Darwin line. 6 MINING NEWS. Perth, January 21, An important development has occurred in the Hannana Central mine, Kalgoorlie, whero a splendid lode, twelve feoti wide, was struck at the hundred feet) level. Every pan of dirt washed shows colour, giving up to half an ounce to the dish. The discovery proves that the lode runs through the Salt Bush flats. Phenomenally rich stone been struck in Croesus mine. BANK MEETING. Sydney, January 21. At the half.yearly meeting of the City Bank the net profit was shown to be £10,000 to which must be added £8080 from the previous half-year. A dividend of 5 per cent, wan declared, and the sum of £8080 carried forward. The chairman in his address stated that nothing special had occurred during the past six month'. The directors were acting cautiously, and business was quietly improving. There were prospects of a considerable amount! of new business during the ensuing half-year. The bank was doing nothing but what was considered the safest) kind of businoss. The report was adopted. MEGSON'S DISQUALIFICATION. Sydney, January 21. 1 On the petition of a largo number of members, the . League of Wheelmen removed the disqualification •of Mejjson I from the end of the presonb month.