AUSTRALIAN CABLE.

Timaru Herald, Volume XLVI, Issue 4255, 4 June 1888, Page 3

AUSTRALIAN CABLE.

[Per Electric Telegraph Copyright.) (Per Press association.) (Received 1.45 p.m., Juno 2nd.) DEFENCES OF NEW SOUTH WALES. Sydney, June 2. Tho Government intend almost literally to carry out General Schaw's recommendations for the improvement of the defences. The military estimates will bo submitted to Parliament next week. CAPTURE OF A BUSHRANGER. A man named Burns (believed to be Riloy tho bushranger, who was noted many years ago for desperate deeda) has been arrested for horse-stealing near Armidalo. He made two desperate attempts to shoot Constable Scormukage, who ahot him. CHARGE OF MURDER. Melbourne, June 2. Bernard Shoridin, a publican near Benalla, hasjbeen arrested on a chargo of murdering his housekeeper,llrs McGrath, by throwing her out of a buggy. COLLAPSE OF THE SILVER BOOM. Tho sudden crash m Bilver stocks has resulted m eoveral stock brokera suspending payment. Two havo disappeared with largo deficiencies. INTERNATIONAL REGATTA. Tho Government havo been asked to grant £3000 towards tho International regatta. TREASURY BILLS. The first ibsuo of tenders for treasury bills for £25,000 worooponod to-day. The amount was ovor-subacribod £178,000. Tho principal tenderers vroro tho locnl banks and capitalists, and pricoa ranged from par to 283 4d premium. [Kccoivod 2 p.m., Juno 2nd.) SILVER STOCKS. Sydney, Juno 2. Tho silvor stock last month if capitalised wuuld auiuunt lo i^,o3l,<JUo.

(Eoceived 2.10 p.m., Jnno 2nd.) TASMANTAN BUDGET. Hobart, June 2. In the Assembly last night the Treasurer delivered his Financial Statement. The financial year of the colony doea not close until tho end of December. The estimated revenue to the end of Juno is £006,800, and the estimated deficiency to the end of December is £183,000. The revenue shows a good increase, but the expenditure ha 3 also increased. The Treasurer proposes a Jd tax m the£ on personal estate. The ad valorem duties are to be raised to 12i per cent. A million loan is to bo floated at 3i por cent. CReoeived 7 p.m., Juno 3rd.) TBE WAKATIPU. Sydney, June 2. Sailed— Wakatipu, for Wellington.