Australian

Southland Times, Issue 11654, 7 February 1891, Page 2

Australian

MELBOURNE, Feb. 6. Plans for the proposed Victorian loan remain unaltered. As there is no immediate need of funds, it will not matter whether the loan is floated now or five months hence. ADELAIDE, Feb. 6. The South Australian Register states that the wheat yield is far below expectation, a circumstance largely due to the locusts, their ravages representing a loss of three or four bushels per acre, and a value of nearly a million sterling. The total yield is given at 12,374,000 bushuls, ;in average of a trifle over six and a half bushels per acre. After making allowances f-<r seed and food, the exportable surphn will be about 235,000 tons. BRISBANE, Feb. 6. An auctioneer of this city claims to have discovered a cure for consumption and cancer. He is erecting a plant capable of treating 10,000 patients, and has offered to dispose of his specific to the Queensland Government for L2<3,000. PERTH, Feb. 6. The West Australian Budget gives the estimated revenue at L 439,000, and the expenditure at L 4 01,00 a balance sufficient to meet interest on the new loan to be raised in 1892. The public debt is L 1,284,000., 284, 000. One of the principal banks in London offers to advance the money required pending the raising of the loan.