INTERCOLONIAL. (Per Press Association.)
Melbourne, May 4. The Daily Telegraph has ceased publication, the Herald having bought its business.
The captain of the s.s. Bellinger, which collided with and sank the barque Presto, has had his certificate suspended for six months.
The schooner Julius foundered near Clyde Bank. The captain and one sailor were, drowned.
May 5. From appearances there will be a deficit of a million and a-half in the revenue receipts. New taxation will be inevitable, and the form it will take is'a.lready foreshadowed. L 750,000 will have to be I ' raised by means of a duty of 2d per gallon on beer, of 2s additional on spirits, of 2cl on tea, and the restoration of the 2d inland postage, and a stock tax. It is also proposed to levy an income and absentee tax. L 30,000 will probably be saved in the publio service, and the railway reductions will provide L 329.000. Among the bills promised are Village Settlements, Shops and Factories, and an Education Act Amendment.
. May 6. The president of the Chamber of Commerce in his annual report states that the year just passed has been the most discouraging since the establishment of the Chamber. He mentioned that in the middle of March over 20 institutions suspended payment, with a capital exceeding L 4,000,000, which was locked up, and L 11,000,000 of public deposits was rendered unavailable. The whole trouble, he said, was due to the unhealthy and altogether unprecedented expansion of credit.
Sydney, May 8. Max O'Rell mot with a splendid reception here.
May 9. For some years past the New South Wales Rifle Association has allowed a certain sight at their annual shooting competitions, which was alleged to give local competitors an advantage oyer visitors, but the executive of the association have this year decided to adopt at the forthcoming meeting the same sight as is allowed by tho other colonies.
Adelaide, May 6. A proclamation has been issued prohibiting the importation of New Zealand sheepskins for two years, owing to tho colony not being declared free of scab.
Hobart, May 4. Gordon, first mate of the Laira, has succumbed to the injuries he received during the gale on the voyage from Port Chalmers.
INTERCOLONIAL. (Per Press Association.)
Otago Witness, Issue 1994, 12 May 1892, Page 34
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