AUSTRALIAN NEWS.

New Zealand Herald, Volume XL, Issue 12401, 14 October 1903, Page 5

AUSTRALIAN NEWS.

By Telegraph.—Press Association.— QUEENSLAND FINANCE. (Received October 13, 11.33 p.m.) Brisbane, October 113. In the Assembly the Treasurer outline*;! hit 1 financial policy. He estimated the revenue : for. the year ending June ' next at' £3,495,000, and the expenditure at £3,687,000, leaving a deficiency of £192.000.1 As the House and country was of opinion' there should be no fresh taxation at preiientj it was clearly hi 3 duty to cut down expondi- l; ture. • The Government at present ha/I noi ; intention of placing on the market the un» sold portion of the last loan, but preferred f using the money in hand on only the :most>. needful reproductive works. He believe^ in rigid economy, and expected an early im*; provement in commercial and industrial con*'! ditions, which would enable him to iuaragiwj,; rate, a policy of constructing needful nspro*; ductive works out of revenue, and sav<> th«l,: State from the fate into which the recent borrowing policy was dragging it. ; They musti ~ cut their coat accordingly to their clot]*., ,

NEW SOUTH WALES HARVEST. '.; Sydney, October 13. The Government statistician estimates tbfll area undei wheat in New South Wales ah 1,827,000 acres, 227,000 above last year. Reports of growing crops are almost uniformly favourable. It is expected that 1,487,000 acres will be saved for grain. HEAVY THUNDERSTORM. . ';• Sydney, October 13. ' Telegraphic communication between hew)' and the Southern States is greatly later* rupted by heavy thunderstorms. *{ THE FEDERAL CAPITAL. Sydney, October 15. • At the banquet in connection with tb.B opening of the Tumut railway, Sir Jobs •'• See, Premier of New South Wales, de* clared that he would refuse to give the Federal Parliament an inch more o:t the capital site than that to which they were entitled under the Constitution Act, He asked the Federal Parliament to go warily. ! before they entered into this content for the' acquisition of territory. LAND DISPUTES IN THE NEW. HEBRIDES. SLelbourne, October 13. Mr. Deakin has promised a deputation of the Presbyterian General Assembly to forward to the Secretary of State for the Colonies a resolution in favour of appoint-' .-'•-■ ing a tribunal to deal with lane] disputes in the New Hebrides. ■