AUSTRALIAN TELEGRAMS.

Taranaki Herald, Volume XLIII, Issue 9920, 3 February 1894, Page 2

AUSTRALIAN TELEGRAMS.

Adelaide, February 2.

In reply to a deputation of the unemployed, the Premier said material would be supplied for stone-breaking, so that the men might get rations for a fair amount of labor. At this class of relief work the members of the deputation ridiculed the idea as an insult.

The bankers have reduced the deposit rates a half per cent., but no alteration has been made in discount rates. Melbourne, February 1.

Arrived : Talune from Bluff.

Tho Banks h ye decided to lower the deposit and discount rates half per cent.

Melbourne, February 2.

Sequestration has been granted in the estate of Mr Arthur Gardner, the well-known Australian entrepreneur, on the petition of the General Finance Agency, t/> whom he is indebted to th«" extent of £15,000. The Company, however, hold security for the greater part of this sum.

The old established firm of Phipps & Tumbull are bankrupt. Their trading liabilities are small, but there is considerable sum in contingent liabilities in regard to uncalled capital in various companies. The bankruptcy does not affect the Sydney house of the firm of Tumbull & Hobson.

Tho Colonial Treasurer estimated the revenue for 1894 would reach £9,851,000, and the expendi ire £9,728,000. A sum of £175.000 had been set aside during theyear as a sinking fund to reduce the public debt. He estimated the surplus for 1891 would amount to £47,000. • Sydney, February 2

During last night's sitting of the Legislative Assembly the gallerres were twice cleared at the direction of the Chairman of Committee. A point was raised as to whether the Chairman of Committee had power to order the galleries to be cleared, and the Speaker ruled that he had no such power.