AUSTRALIAN.

South Canterbury Times, Issue 7424, 25 November 1893, Page 3

AUSTRALIAN.

(Fib Electric Telegraph—Copyright.) (Per Press Association.) Received 11.15 a.m. November 25th. THE CHEAP MONEY SCHEME. Sydney, November 25,

The Sydney Daily Telegraph , commenting on the scheme of the New Zealand Government for advancing money to settlers, says that on paper it looks all light, and it should be an excellent thing if working producers obtain money at the lowest possible interest, and it can hardly be doubted that with the Government as financial agent and guarantor this can be done- Nevertheless the system is surrounded with perils, and presents practically the same possibilities of maladministration as the cedula system, which resulted in wholesale disaster in the Argentine Republic. The article goes on to say that New Zealand has done excellent legislative work, has prospered accordingly, but to venture on a scheme of this kind is attempting too much, and perhaps some consciousness of this induced the late Mr Balance to withhold the scheme from publicity. Beoeived 11.30 a.m.. November 25th. COAL MINING. The Port Jackson Steam Coal Company have applied to the Mines Department for authority to mine on reserves at South head and about 8000 acres of ocean bed. The scheme projected provides for putting down a colliery at Watson’s Bay to work the coal shown to exist by the Oremorne bore.

SEAMAN LOST. Melbourne, November 25. Arrived —Acacia from Tairua. Daring ; a heavy gale a seaman named Alexander McDonald was washed overboard and drowned. TENNIS. Green, of Victoria, performed the unique feat of winning three championships at the tennis tournament. SHOOTING. Bourougb, of Ballarat, won the Queen’s Prize at the Rifle Meeting, with a score of 272, Vernon, of New South Wales, being second with 270. RAILWAYS. Premier Patterson inclines to the opinion that the Chief Commissioner of Railways should be selected from the leading traffic managers in America. AN EMBEZZLER. Drew, a member of the well-known firm of Macready, Drew and Co., of Melbourne, who is charged with being concerned in the embezzlement of £IO,OOO, has been remanded till January, bail being allowed. An application for the discharge of Drew on the ground that another partner i Macready) had been discharged by the London magistrates, was refused.

BOUND FOR TIMARU. Newcastle, November 25. Sailed - Grecian Bend for Timacu.