Australian Telegrams.

Taranaki Herald, Volume XLIX, Issue 11702, 19 June 1901, Page 3

Australian Telegrams.

Onited Preßs issoclatlori. — By Electric Telesn"*Dh — Copyright. Roceivud June 18, 1.17 a.m ! Sydney, June 18. A heavy fall of snow has taken place in various iuland districts. It is .bitterly coldonthe'ooasl. •! ■' Melbourne, June 3.8. ' Parliament has opened/ The Speech-, indicated steps will be V ten tb übolisli the- trade coupon system. ? Extreme caution must be exercised over jbtate finances. A Bill will be introduced to_ make old "age perisiopa; a^iarpanenfcimeasure. ' If is also 'proposed to abolish the v present educational system of payment by results and introduce instead ajfixed ' scheme of salaries for teachers. i Received June 19, r32r 32 a.m. | - Mblbocrne, Juoejlß. v The Federal Parliaraent eater iained_

the meabers of the State Parliament ajT-j dinner.- Lord Hopetoun, -eulogiseel the j ypadjiriul, J)rderUn|ss of^nsifaUan.i crowds." 'He,Vala4a9ie'op"po]|tunityhe ,fed of be^onljng^acqflaJtttejSiwitli the people. - He -said hh. Jiad'speifl; the ,b*?9^ : ye"ars of, Hrtif e ia YUmp&rttois he lovVd iustealia.^ ' y: 7 ."SS; - " ]^\ \ ' . \ -R^ceiyed" June" fa iis\ p.mj. - - -MBtßQOfiNfej J>une| 19. At the half-yearly meetang of ihe Kauri Timber -Gompauy> the? Chairman congratoe sharejiolders upon the ' satis-^ factory position. and iacreaaing demand" for timber. l fheteiras a credit surplus of. £23,550 ;against a ; boffl. credit of ,£42;000i. « the - previous June. . The : '€Jompany iwould^ lose; np thing by tne.defalcationsof-tho late managing direcltbV"at,i Auckland, the whole of the embezzled money having been recovered. The amount involved in conntcfi >n wilh - tbe committal iqrr txial.of. 9113-of ihe "<3bmpxny v 8v 8 Melbourne officer* did not exceed JI2OG. Beyond .these two unfortunate incidents the affairs were in every ' '-way satisfactory and ' prosperous. It is. "not intended to declare ?ta interim di\i* 7t den3j«a~it'was necessary topayintertsfc and sinking fund on July Ist/ '.'