AUSTRALIAN PARLIAMENTS.
fßv SI.ECTRIC TE.CEfJTIAJt'H.—COFYHIGET. | (Peb Pkess Association.) Sydney, October 20. (Received October 20, at 11.30 a.m.) In the Legislative Assembly, Sir G. R. Dibbs, speaking on'the Inscribed Stock Bill, said that Government intended to set apart at least 1 per cent, as a sinking fund, and the amount needed was L 280.000. The establishment of such a fund would, he said, greatly improve the colony's position in the eyes of great London financiers. It would also rapidly bring stock to par and render consolidation easy. Mr M'Millan thought the position in the London market would never be entirely satisfactory until something like a federal union of the colonies and a general consolidation of the colonial stock was brought about. It was no use managing carefully to keep off the market when the other colonies rushed in, bringing about a general depreciation of stock.
(Received October 21, at 1.15 a.m.) The Inscribed Stock Bill has passed through all stages in the Legislative Assembly. Melbourne, October 20. (Received October 20, at 11.30 a.m.) The notice of motion given in the Legislative Assembly providing for the purchase of the New Hebrides and New Caledonia has been withdrawn.
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Otago Daily Times, Issue 9564, 21 October 1892, Page 2
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195AUSTRALIAN PARLIAMENTS. Otago Daily Times, Issue 9564, 21 October 1892, Page 2
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