AUSTRALIAN NEWS.

Oamaru Mail, Volume XVII, Issue 5207, 13 February 1892, Page 1

AUSTRALIAN NEWS.

(PER UNITED PRESS ASSOCIATION. ) Received February 12, at 5.30 p.m.] Sydney, February 12. The run on the savings bank has continued to-day, though the excitement has lessened, and the demands on the bank are not so continuous. The panic is believed to have originated by an anarchist haranguing a crowd of unemployed members of the Seamen's Union, and the seafaring men were among the first to remove their accounts. The Premier has promised to bring the case of Captain Carpenter under the notice of the Imperial Government, and demand redress from the Dutch authorities. Carpenter was arbitrarily imprisoned on a charge of appropriating wreckage, and his ship taken from him since, when he states that he does not know what has become of her. Received February 13, at 0.55 a.m.] Sydney, February 12. Arrived Steamer Wakatipu, from Wellington. The runs on the saving bank has ceased. Altogether L 124,000 has been withdrawn. To-day three more banks, including the Bank of New Zealand, offered assistance. The Stock Subsidy Bill, introduced in the Lower House to-day, provides for a tax of a farthing per head on sheep for four years. A Central Board is created with power to administer the Act, undertake contracts, or offer bonuses for the exportation of meat; also, to assist companies in time of drought and unfavorable seasons, and prevent the closing of works.