INTERCOLONIAL.

Otago Daily Times, Issue 8721, 6 February 1890, Page 2

INTERCOLONIAL.

[J3y Electric TisLKan^i'ii.—Coi'yrkiut (I'KK fUBSS AUBOCIATIOiJ.)

A MINING SCAItE. Melboubne, February 0. (Received February 6, at 12.-J0 p.m.) A scare, almost amounting to a pania, occurred in the mining market yesterday, ■when Broken Hill Proprietary shares fell to £74, but afterwards recovered to £78. The cause is supposed to be the fact tliat the output last week fell below the average; but I there is nothing else known to warrant the ! alarm. I HEAT IN VICTORIA. | Intense heat still prevails. A BUILDING SOCIETY'S TROUBLES. The actuarial investigation into the affairs of the Premier Permanent Building Society, which recently closed their doors, reveals an extraordinary state of affairs. During the three years loans amounting to a million and a-halE were issued. As an example of the loose way in which advances were granted, it is stated that one person borrowed £100,000, though ho was already responsible for five previous loans amounting to £50,000; yet not one of them had been paid. THE PRIMACY DISPUTE. Melbourne, February 5. (deceived February 8, si 1.30 a.m.) The Argus, in an article dealing with the New Zealand primacy difficulty, states that probably it is best to bring the matter before tue Supreme Court to obtain an authoritative judgment. If necessary, a bill could bo introduced into Parliament to legalise a meeting of the general synod. It considers that the scandal of such a deadlock ought to be quickly ended. The Daily Telegraph, referring to the same subject, says that the New Zealand primacy deadlock is so hepeless and complete as almost to be ludicrous, and it is an odd coincidence that two of tho greatest posts of the Anglican Church in the colonies at Sydney and New Zealand should at the same moment become a prey to lawyers. It points to the fact that some fatal flaw exists in the constitution, or a discreditable want of sense of business skill on the part of the authorities.

THE CHINESE QUESTION. Brisbane, February 5. . iiaewvad February 6, at 1.30 a.m.) The Queen's assent has been given to the Chinese Restriction Bill.