AUSTRALIAN NEWS.

New Zealand Herald, Volume LVI, Issue 17329, 28 November 1919, Page 7

AUSTRALIAN NEWS.

I NEW SOUTH WALES LOANS. ! I — j STATE TRADING LOSSES. Australian and N.Z. Cable Association. I (Reed. 9.30 p.m.) SYDNEY, Not. 27. The New South Wales loan estimates inI clude over £7,000.000, provided by the I Commonwealth Government for the purchase of land to build railways and other I public works connected wtih the settle- ! merit of returned soldiers. 1 The report of the Auditor-General upon : the various State industrial undertakings j shows that 10 of them made a profit duri ing the year of £154.088. As a set-off to this;, the State timber yards made a loss 'of £131,747 and the State trawlers a loss of £37,432. EMPLOYERS AND WAGES. " NEW AWARDS SPELL RUIN." (Reed. 9.30 p.m.) BRISBANE, Nov. 27. At the annual meeting of the Employers' Federation the president declared that the position of employers had become most acute, owing to wages awards. There seemed to be a deliberate attempt to push the employer out of business. A continuation of the present awards spelt > ruination. FEDERAL LABOUR PARTY. FIGHT FOR LEADERSHIP. 1 MELBOURNE. Nov. 27. 3 There are signs that the question of whether Mr. F. G. Tudor or Mr. T. J. Ryan will lead the Federal Far'iamentary ' Labour Party may cause heart-burning. 1 Mr. Tudor has announced that he is still a candidate for the leadership. Mr. Ryan 3 opposes a referendum on the question of ' granting the Commonwealth Government extended powers, while Mr. Tudor supports it. QUEENSLAND FINANCES. f PREMIER'S GLOOMY VIEW. 1 BRISBANE. Nov. 27 The Premier, Mr. E. G. Theodore, in a 6 speech, took a gloomy view regarding the " finances. The revenue was stationary, but 5 expenditure had increased alarmingly.The ' draft estimates showed a gap of £1,500,000 > between the expected revenue and the ' anticipated expenditure. There was a .' j rockv road ahead. If the country had ! access to the world's money markets the I difficulties would disappear. ; WHEAT DAMAGED IN POOLS. [ COMPENSATION FROM STATE. SYDNEY. Not. 27. , | The State Government undertakes payment for wheat damaged in pools where it is proved to be due to Government neglect. Wheat scripholders do not participate. CHRISTMAS HOLIDAYS. DECEMBER 27 INCLUDED. SYDNEY. Not. 27. The Christmas holidays include Decern- jfl ber 27. which has been proclaimed a Sj public holiday. Wm