AUSTRALIAN CABLE.

Timaru Herald, Volume LV, Issue 5548, 26 October 1892, Page 3

AUSTRALIAN CABLE.

{Per Electric TBLKORArH— Copybioht.) (Per Press Association.) (Received 1 a.m., Ootober 26th.) THE MARAROA. SynNEy, Oct. 25. Arr.ived—Mararoa, from Wellington. Her cargo of potatoes met with a ready ■sale at -£2 5s to £2 10s per ton. SEBIOUS FIRE. A Bre occurred to-night m Gardener's warehouse, m. Clarence street, and the basement was burnt out before the flames conld be extinguished. Extensive damage was caused to the contents of the store by smoke and water. The stock was insured for £150,000. aud the fe-a.lding for £45,000, the policies being scatter-ad • over thirty offices, including the South _B.itish offioe, which haa a risk of £0000, and the New Zealand office ono of £4000 The extent of the damage has not been ascertained. SOUTH AUSTRALIAN FINANCE. ADELAIDE, 00t.'25, In tha Legislative Assembly to-day, the Premier enunciated the policy of the Government. He said that, while Bot wishing to be pessimistic m regard to the state of the colony, it would be stupid to be optimistic. The Government expected] a deficit of £216,000 on railways, and] ■£400,000 on diatoms, £>ut by means of

rigorous retrenchment and increasing the income tax by half for a year, with the credit balance from last year, thoy hoped to be nblo to show a surplus of £37,000.