AUSTRALIAN NEWS.

Rangitikei Advocate and Manawatu Argus, Volume XLV, Issue 12100, 8 July 1920, Page 5

AUSTRALIAN NEWS.

United Press Association, — By Electric Telegraph—Copyright

SYDNEY, Last Night. Sailed —RiVerina, at 5.30, for Auckland. 1 The Melbourne gas strike deadlocK continues, the strikers saying will take no action until a reply has been received from Mr Lawson to tne proposal for a round table conference Coal importers declare that the coal shortage in Victoria is more serious now than at any period since the maritime strike. In the House of Representatives Mr Cook stated that the new Federal loan of twenty-five millions, to be raised in Australia, would mainly be used for repatriation. Nominally the rate of interest would be 6 per cent. and. a bonus, which, with the first interest would make an effective ra>.e of £6 1/ per cent. The principal would be repayable at par in December, 1930. If voluntary, subscriptions failed to realise the amount asked for compulsion would be used.