AUSTRALIAN NEWS.

New Zealand Herald, Volume XLVIII, Issue 14835, 11 November 1911, Page 7

AUSTRALIAN NEWS.

By Telegraph.'-Press Association.—Copyrlgrhfi* "" .• .• • NEW SOUTH WALES REDEMPTIONS. Sydney, November iO J . TnE State, Government intends to re- , deem on January 7 £2,549,000 < worth of, funded stock, carrying; 4 per cent. Holders will have an opportunity of reinvesting at 3$ per cent. MT. LYELL FINANCE AND STRIKE. Melbotjbne, November 10. ; The conference between the '■ Mount?);/ Lyell mine directors and the union officials was resumed to-day. It is - stated that there is good ground to hope * that % a settlement• will be reached. • .The-, reporth of tho company for the half-year - ended September 30 shows neb profits £69,033. The lower profits were caused principally "by a reduction of '. output owing to -the strike and »increased - cost of : production. The liquid ' assets show ; a surplus ' o£ ; £388,892 over liabilities. The ore re- 1 • serves show a good increase, and the exploration work proved encouraging. SPEAKER WILLIS AND MR. WOOD. . Sydney, November 10. In the Legislative Assembly to-day theBudget debate was resumed. Mr. Wade (Leader of the Opposition) gave notice of a motion to rescind the resolution suspending Mr. Wood (ono of the Opposition leaders, who is suspended until he apologises to the Speaker). Mr. Wood states i that he is naturally anxious to resume his Parliamentary duties, but he strongly objects to pleading guilty to an offence' ! which ho has not committed. • — . / ,■■■■■, J',A WOOL SALE RECORD. * Sydney, November 10. v: At the wool sales greasy wool sold aft 15id, a record for the season. . , , . f PRESBYTERIAN • UNION. Hobabt," November 10. The Presbyterian General Assembly has agreed to the proposal for union with Victoria. " .-.iK,