AUSTRALIAN.

Poverty Bay Herald, Volume XIX, Issue 6480, 24 September 1892, Page 2

AUSTRALIAN.

(Press Association— Electric Telegraph— Copyright. SYDNEY, Sept. 23. Government propose issuing the balance of the last loan, amounting to a million, by means of Treasury Bills as soon as the London market is favorable. The Bulli colliery has been laid idle owing, it is believed, to the slackness of trade. Sept. 24 —It is stated that if Kemp is anxious fur a match Sullivan is willing to row him for L2OO a-side within four weeks. Owing to the political crisis the Post-master-General has not yet submitted the proposal from the Now Zealand Government for the San Francisco service to the Cabinet. It is thought even if the colony decides to participate in the service it ia unlikely to be for more than ono year. (ReceiTed Sept. 24, 11.50 a.m.) MELBOURNE, Sept. 24. There is a widespread uneasiness occasioned by the discovery that contingent liabilities for uncalled capital in some limited liability company has been wiped off by debtors by nominal payments. The practice is said to have attained large proportions. BRISBANE, Sept. 24. A Bill has been introduced into the Legislative Assembly requiring Fire and Life Insurance Companies to deposit security with the Government for the fulfilment of their obligations. The local Fire Insurance Companies will require io deposit to the amount of LSOOO each, foreign Fire Insurance Companies LIO.OOO each, local Life Insurance Companies LIO,OOO each, foreign Life Insurance Companies L 20,00() eich. A deputation of representatives of insurance companies has been appointed to wait on the Government to urge in lieu of the present measure the substitution of a Bill based on the provisions of the Bill introduced by the Government of New Zealand.

Occasionally employees at workshops take home with them small, useless pieces of wood and chips for kindling purposes. The Victorian railway department recently prosecuted threo laborers for taking away chips, valued at from three farthings to sixpence. It was alleged, however, that many pieces of valuable timber were carried away under cover of this custom. The men were suspended for three days, but the case 3 against them were dismissed by the Maxis trate. . - —