AUSTRALIAN NEWS.

Pahiatua Herald, Volume I, Issue 65, 20 October 1893, Page 2

AUSTRALIAN NEWS.

By Electric Telegraph.—Copyright. (Per Press Association.) (Received 1 a.m.] Sydney, October 19.

The Colonial Treasurer delivered hi* Budget speech to-night. The deficiency from 1892 was stated at 1,299,000. The expenditure for 1893 amounted to 9,727,000, and revenue to 9,526,000 leaving a deficit of 211,000. The total deficit is a million and a half. It is proposed to deal with the deficit by creation of treasury Wills, which will be reduced by annual appropriation of £500,000 combined with deficiency bills amounting to £400,000 annually. For 1H94 the estimated revenue will be £9.971,000, expenditure £9,854,000. Engineers have adj usted difficulties with owners, but particulars of the settlement will not b° divulged till a conference of representatives can be held to lay the terms before their different bodies. Maofarlane won the second prize in member’* match at rifle meeting to-day, with a score of 61. Kirk, (Petone), 61, aud Webster, (Auckland), 59, also secured prizes. Received 11 a.m. Sydney, This Day. A sad fatality is reported from Guvra, 386 miles north of Sydney* Miss Wrightson, while visiting her brother-in-law who is manager of a branch of the Joint Stock Bank in Guyra, fancied she heard burglars in the bank and roused the household. Her brother-in-law seeing a figure in the dark tired and shot Miss Wright son, who died a few minutes later. There was no sign of burglars. At New South Wales Rifle Association meetings, Webster, of Auckland, with 32, secured a prize in second series of danger matches. In aggregate of second series of same match, Wilkie, of Upper Hutt, Wellington, with score of 68, and Tobin, of Auckland 64, take prizes. In aggregate of continuous match Howe, of I). Battery, Wellington, is first with 64. and Captain Ballinger, of Petone Rifle Club, is a prize taker with 63. The Premier states that proclamation under the Bank Issue Act having fulfilled duty, and no hankers having asked for its extension the Government intend to let the Act lapse and return specie payment within next month. The total amount of treasury note* issued during the crisis was £358,000 of which received for repayment £334,030. A. E. N. Wallace won the chess championship of Australia, defeating W. Crone, junr., by 7$ games to 3j. Port Kembla, This Day. Arrived.—Pohirua. from Auckland. Received 12 a.m. Sydney, October 20. The trial of Glasson, for the murder of Mr Phillips and Miss Cavanagh at Carcoor, is proceeding at Bathurst. Since his incarceration, Glasson has made a statement alleging that two other men committed the crime and that he was only with them under compulsion. Melbourne, October 20. Five thousand two hundred and fifty nine bales of wool have been catalogued up to date for the present scries of sales, and of this number four thousand nine hundred and sixty-three bales have been sold. Compared with the opening day the tone of the market is exceedingly firm. A number of Victorian militia ar* anxious to go to South Africa ami participate in the war against Lobengula. They suggest that a small force of one hundred men should be picked and dispatched to Capetown at once, bnt it is improbable that the authorities will entertain the idea. Brisbane, This Day.

Mr Bowell, Canadian Minister of Trade and Commerce, has addressed communication* to the Premiers of various Australian colonies, enclosing a scheme from Mr Sandford Fleming, the well-known Canadian engineer, for laying a Pacific cable. Mr Bowell asks the various colonies if they feel disposed to send representatives to some central place of meeting to discuss the scheme. Mr F'leming suggests four alternate routes. These include a cable between Australis and New Zealand, which it is proposed to construct under joint ownership of Australia, New Zealand, Fiji, and Canada. The line is to be worked as a public undertak ing and it is proposed also to take over existing obligations of certain colonies to subsidise the Eastern Extension Company. Mr F’leming considers that the money required can be borrowed at three per cent, and the interest charge* w ill amount to £52,000 per annum. The revenue in 1897, the year after the completion of the cable, estimated in tariff of two shillings per word to Vancouver, should be about £90,000. and he expect* that in seven years the cable would cease to be a liability to the colonies.