AUSTRALIAN TELEGRAMS.

Taranaki Herald, Volume XLII, Issue 9756, 22 July 1893, Page 2

AUSTRALIAN TELEGRAMS.

AmjL.wuE, July 22. A quartet of a million's worth of Treasury Bills will bo issued on August Ist. They will have seven years' currency, and bear interest at the rate of 4J> per cent, per year. Melbourne, July 22. Inquiries have been made in connection with the New Zealand Loan and Mercantile Agency Company, which show that the power of the Official Receiver appointed in London does not extend to the colonies. The Company's new business is being conducted by he New Zealand Land Association, nnd the old business uud coutracts arc to be transacted as heretofore by the Company's officers. Sydney, July 20. The steam collier Hilda struck a reef off Port Hocking. She was coal laden and going full speed at the time. The vessel sank in two minutes. The crew were saved. Sydney, July 21. A correspondent in New Hebrides writes that though there is distress among the people, it is not so great as anticipated; still, it is real enough. The yam crop was never so largo as in Ambryn, which was generally saved, though the mission crop near the sea perished. Despite tho hardships the people are in fairly good health. Sydney, July 22. Scarlet fever, almost amounting to epidemic proportions, is prevalent in the metropolis. By rigid economy the Government hope to ell'ect a saving which will equal the shortage in revenue for the year. The Messagorios Maritimo Company have decided U> extend their Island steam .service so as I'j include the Now ] lebrides. Brisbane, July 22. The retrenchment scheme virtually abolishes the Immigration Department, and vvles for local authorities have been reduced from XIOO,OCO to £03,000. lloiutiT, July 22. The greatest floods Binco 1852 aro reported along tho Launceston line. The people in the lower part of Longford were «ompelled to leave their residences. The loss of stock is very heavy.