AUSTRALIAN.

Poverty Bay Herald, Volume XVIII, Issue 6148, 21 August 1891, Page 2

AUSTRALIAN.

„_ [Per Press Association. {By Electric Telegraph — Copyright.) MELBOURNE. Aug. 21. In Committee on the Federation Bill Sir B. O'Loghlen proposed the exclusion of Now Zealand which was negatived by 38 to 34. An amendments providing for the abolition of plural voting was carried, and one oxtendiug the fnuichi.se to women was negatived.. ADELAIDE, Aug. 20. In his budget speech to-day the Trea surer snid he could carry on for sixteen months without receiving any further instalment of last loan and then have a balance of LIBO,OOO. By issuing Treasury bills already provided for he could carry on for two years. The colony was in an exceedingly satisfactory financial position and the rest of the loan would probably bo floated early next; ydar. The deficit which was provided for by Treasury bills i was gradually being paid off, and now only : L75(),000 was owing. The estimate for ; next year shows the revenue to be ■ L 2.845.000 and expenditure L 2,775,000. I The railways after paying all expenses 1 have left a profit of 5|- per cent, on the cost 1 of construction. I Auo. 21. ( Tho ship Theophane, which went ashore j in Spencer's Gulf at the beginning of the i month, has been towed off. HOBAKT, Aug. 21. « Tho investigation of tho affairs of the I Bank of Van Die'tian's Laud has been ( completed, but the result will not be 1 made officially known until the meeting * of shareholders in a few days. It is ' understood tho enquiry shows reckless < management in the Hobarb branch, and that of the reported assets probably a quarter of a million must be regarded as 1 doubtful debts. When everything is r settled, it is probable the available assets I will not exceed seventy-fivo thousand, q This will necessitate a call of LI per share. I Tho Union Bank has also declined to take a over the business of the Bank. j :

A guard named Guilfoyle, when lotting p down a lamp through th® roof of a railway carriage while in motion, afe York (West- *> em Australia), slipped off and fell on the 'I rails. A train passed over him and com- p pletely severed his head from hie body. jj